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Globalization Challenges | benefits and challenges of globalization

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Added on  2019-09-16

Globalization Challenges | benefits and challenges of globalization

   Added on 2019-09-16

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[TYPE THE COMPANY NAME]Challenges ofGlobalization[Type the document subtitle]Student[Pick the date][Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.]
Globalization Challenges | benefits and challenges of globalization_1
Challenges of globalization 1AbstractThis process of globalization is supported by the technological changes that are happening at a very fast pace in the world, the prices of the products in the international markets and the liberalization of trade between countries. The trade liberalization or the international business has the greatest contribution in the emergence and popularity of globalization. The research has been made using the secondary sources. The literature from various sources has been studies and reviewed for analyzing the challenges of globalization that the companies face worldwide and the implications of those challenges on their business. It has been concluded that the globalization is a very attractive process for the developed countries. But there are many challenges of globalization including differences in the regulations of different countries, the inflation and exchange rate fluctuation challenges, changes in price and taxation, the strategic, the challenge related to positioning of their product in the international markets. The minor challenges are related to the ethical consideration, the maintenance of environmental standards indifferent countries and the challenge related to the demographics of the countries.
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Challenges of globalization 2ContentsIntroduction.................................................................................................................................................3Literature Review........................................................................................................................................3Methodology...............................................................................................................................................6Analysis and Findings...................................................................................................................................7Conclusion.................................................................................................................................................10References.................................................................................................................................................11
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Challenges of globalization 3Introduction The concept of globalization is strongly underway in almost every part of the globe. Globalization is the process of continuous integration of the countries in the world. This process is supported by the technological changes that are happening at a very fast in the world, the prices of the products in the international markets and the liberalization of trade between countries. The trade liberalization or the international business has the greatest contribution in the emergence and popularity of globalization. International business involves performing the activities of trade and investment by the firms across the national borders. With globalization, thetendency of the companies to think, operate, plan and grab the opportunities has increased but, it is not a panacea, brings with it many challenges that have to be dealt with. It is important to determine these challenges because they have a major impact on the way businesses are done internationally. With globalization, many countries become susceptible to shocks and they need to put in place the required rules or legislations so that they protect their sovereignty. The purpose of this research paper is to determine the challenges of globalization so that the countries can be given a perspective about how they can deal with the same and what are the things that are needed to be taken care of when they are indulging in international business or going global. Literature Review The globalization of business and commerce has become an increasingly significant reality worldwide: in 2010, the global trade in goods and services reached 25% of world GDP (Govidarajan & Gupta 2010), while in terms of manufactured goods, international trade has
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