State of Globalization

Running head: STATE OF GLOBALIZATION
STATE OF GLOBALIZATION
Name of the Student
Name of the University
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STATE OF GLOBALIZATION1
Table of Contents
Introduction................................................................................................................................2
Body...........................................................................................................................................2
General.......................................................................................................................................3
Discussion..................................................................................................................................4
Conclusion..................................................................................................................................6

STATE OF GLOBALIZATION2
Introduction
Globalization has become a phenomenon in the recent times paving way for
international business. It marks the growth and development of a business. International
integration is the main aspect of globalization. Globalization has encouraged companies to
expand and grow their business in a foreign market. However companies have been facing
obstacles because of political situations that are being shaped by policy threats, tariff tiffs and
economic fundamentals. This is somehow not affecting and marking an end to globalization
rather compelling the companies to make strategic changes to overcome the problems and
issues that arise and affect an organization. However, an interrogative parameter can be
attached to the strategic approach of the companies and organizations towards stabilizing
their business amidst such turmoil.
Body
In the article Ghemawat and Altman have stated that altercations between the United
States of America and their biggest trading partners had led to the increase in tariff as a result
of the dispute in their trading relations. Grossman and Helpman state the importance of
globalization and their impacts on economic growth stating all the positive points that suggest
that economy of the countries are growing because of globalization and it is important to
expand businesses in different countries to not only generate revenues but also to create a
brand name that people can resonate with which later may help in brand loyalty. Owen and
Quinn state that globalization highly affects the policies of the government. They also state
that the impact of trade on the preferences of the masses will mostly depend when there is
enough exposure of trade to the citizens of a country. According to Amavilah, Asongu and
Andrés, they state that globalization is a key aspect and influences stability through the
government of the country (Amavilah, Asongu and Andrés2017). Paris, Marochi and Rubin