Impact of Globalisation Positive or Negative PDF

The impact of
globalisation positive or
negative

Table of Contents
INTRODUCTION...........................................................................................................................1
Impact of Globalisation ...................................................................................................................1
Positive impact of Globalisation.................................................................................................1
Negative Impact Of Globalisation..............................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Globalisation refers to the process of operating a business on international scale. This is
the modern way of expansion of a business by channelizing it in various countries (Zajda, 2015).
In this modern era, global community has come to terms with accepting various cultures. This
has allowed the process of globalisation to ease within several countries and people have
excepted foreign culture, products, services graciously. Globalisation has also brought the latest
technology within countries who could not afford to do tech-advancements on their own
resulting in improvement in technology worldwide.
Impact of Globalisation
Globalisation drastically affects the perception of organisations and business practices. It
indeed helps in enhancing the standard of living but also hampers the culture of different
countries (Coker, 2014). In this context, the positive and negative impacts of globalisation is
described below:
Positive impact of Globalisation
 Expansion of Market :- refers to the global reach an organisation gets when it follows
the path of globalisation. The markets of several economies gets opened for trade and an
organisation gets to expand to several places (Arora and Squier, 2018). Several products
within an industry then compete with each other to establish dominance.
 Increased Competition :- when an economy gets opened for global companies it faces
stiff competition with rival companies entering into market. The level of competition
rises as previously there were only domestic companies now international companies
with new technology have entered the market causing the domestic companies to
innovate their product.
 Higher Living Standards :- when an individual living in United Kingdom is able to
purchase products of Asian Countries, America, African Countries, then his living
standards are bound to increase in comparison to a person who is only buying UK
products (Bayne, 2017). Higher living standards imply that a person has more goods at
disposal he can choose the best one and use that in order to get new experience.
 International Co-operation :- refers to the collaboration of countries so that the several
companies could trade their product in foreign countries. It also refers to a situation
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