Globalization Helps Spread Knowledge and Technology

Running head: GLOBALISATION
Globalisation
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GLOBALISATION1
Introduction
Globalization refers to the spatial-temporal process of the change that helps n
expanding the human activity across the various regions. Globalization have helped in
spreading the norms and the values that have been facilitated by the innovations in the realm
of the technology. It have swept away the cultural boundaries and brought together the people
from various parts of the world (Bidault et al. 2018). It has provided an incentive for the
countries that have helped them in benefitting from principle of the comparative advantage. It
have helped the firms in getting the access to the larger markets that have helped the firms in
experiencing the high demand for the products. Global business is indicative of the
international trade in which global business carries out business throughout the world. It have
helped in the relocation of the production or the service activities to the places which have the
lower labour cost (Knight and Liesch 2016). The global business are involved in diversifying
and expanding the activities that helps a company in earning the higher profits. This essay
elaborates on the concept of the global business that has risen to great prominence in the
present age. This essay elucidates on various stages of phase model of the globalisation and
strength and the weakness pertaining to each step of the model.
Discussion
Global business refers to buying and the selling of the goods and the services by the
people from the various countries of the world. The global business practices along with the
international business have evolved to become the common phenomena in the present age. It
have helped in the integration of the economies of the various countries which has a positive
influence on the growth of the countries in the world. The cross-border operation have
provided the business with the opportunity of earning the higher amount of the profits that
have proved to be advantageous for the companies (Amponsah and Ahmed 2017). It have

GLOBALISATION2
facilitated the optimum utilization of the resources that have ensured the smooth operation of
various countries in the world. It provides the opportunity to the companies of selling the
products to the larger consumer base coming from the multiple countries. The operation of
the business on the global level helps the enterprises in expanding the market share and in
becoming more competitive. The operation of the global business helps the business in
getting access to the new markets along with the customers. It can help a company in
increasing the market reach that can help a business in getting the higher returns from the
market. The global business have been found to enhance the business competition and it
compels the business to create the products of the higher quality which can help them in
surviving the competition of the present age (Peng 2016). Global business proves to be
advantageous for the customers and it helps the people in getting the wide access to various
kinds of the quality products at the lower prices. The developing economies can make the
benefits with the help of the global business. The foreign companies of the industrialized
nations enter the new markets which helps in the creation of the job opportunities for the
local people. The creation of the job opportunities helps in the stimulation of the economic
development of a particular region (Baldwin 2018). The industries expand in the international
realm that have helped the companies in expanding the assets. It have helped in protecting the
bottom line of the company against that of the unexpected events. The companies make use
of the international markets for the introduction of the distinctive products along with the
services which helps the companies in getting the positive returns.
There exist four stages pertaining to phase model of the globalization- exporting,
cooperative contracts, strategic alliances along with the wholly owned affiliates. The
exporting refers to the process of shipping of the goods along with the services outside of port
of a particular country. It is indicative of the selling of the domestically produced products to
the consumers of the foreign companies. Next phase is known as the cooperative contracts