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Management

Globalisation: positive and negative impact of globalisation
Globalisation is said to be the practice through which regional communities, cultures, and
societies has been combined by ensuring the network of communication and trade. It includes
several factors such as rapid development in technology that further helps in make the global
communication possible.
After globalisation, domestic companies were required to raise their standards in order to
fight with the foreign competition. Competition has been increased in the domestic market
due to globalisation. Competition has increased in terms of product and service cost, quick
response, technological adaptation, target market, as well as production by the companies.
Because of this, competition also increased in the market which force companies to improve
their level of working by hiring competent and skilled workforce. At the same time, need for
training has also increased in the market. In addition to this, information has also become
more expensive in the current environment. The rapid changing business environment
requires the fast transfer of knowledge as well as effective use of the information and
knowledge (Ivanov and Webster, 2012).
Positive and negative impact of globalisation
Positive impacts:
 It is true that multi corporations are the result of globalisation. Through globalisation,
it become possible to enlarge the market and wide economies of scale. It also ensured the
increase in the number of transactions that is done across the border.
 Cross cultural management also become possible through globalisation. Wealthy and
highly educated people from different background are able to interact with the westernised
milieu (Hopper, Lassou and Soobaroyen, 2017).
 Globalisation has expanded as well as created the foreign trade across the globe. It is
true that things that were found in developed countries are available now in another country
as well. Now, developed countries can also export the good to some countries.
 One of the positive impacts has been seen on the flow of capital. It becomes easy for
the companies to get investment. At the same time, quality of products has also been
improved due to globalisation (Intriligator, 2017).
Negative impacts:

 Job insecurity is the first and foremost negative impact that can be seen due to
globalisation. People are losing their job due to globalisation. It is because most of the
companies are outsourcing their labour in order to reduce the cost. Globalisation has also led
the labour exploitation.
 Globalisation has led the price fluctuation. Due to the increasing competition, it is
found that developed countries are forced to decrease the price of their products. It is because
other country such as China is manufacturing goods at the cheaper price. In order to produce
the goods as per customer satisfaction, they are forced to reduce the prices of their goods
(Beumer, Figge and Elliott, 2018).
Imposition of Tariff on Chinese imports by Donald Trump
Reason behind such initiative and intervention of tariff
It is seen that Donald Trump has imposed tariff on Chinese import in order to force Chine for
narrowing the trade deficit (gap between the export and import of two countries). Donald has
stated that China only buys few goods from US as compare to US buys from China. At the
same time, it also accused China firms for stealing the intellectual property of US. As a result
of this, David has threatened the tariff of 10 per cent on the $300bn of the Chinese imports.
The decision behind this tariff is to protect the jobs of US. Donald Trump is also giving
emphasis on reducing the trade deficit from US.it s always seen in the World’s biggest trade
deficit. China is one such country who is responsible for most of the deficit in terms of goods
(Rosyadi and Widodo, 2018).
By giving emphasis on the unfair trade practices of China, Trump has imposed the sweeping
tariffs on the Chinese goods. The tariff targets the manufactured technical products from the
aircraft parts, self propelled machines and flat screen televisions. In the opinion of Trump, it
will affect the Chinese business mostly not the consumers of America. In this way, the
current US tariff gives emphasis on the business to business goods. Tariff will however
increase the prices for consumer indirectly. The higher impact of trade tariff will be seen on
the electric and battery equipment, and some of the industrial machinery products. it will put
pressure on the manufacturers to again evaluate their supply chain (Kerr, 2019).
The major reason such tariff s the amount gained from such tariff will used in buying the
agricultural products of US which will further sent to the starving or poor countries. Another