Globalisation: A Comprehensive Analysis of its Impact on Trade

This report provides an overview of globalisation, defining it as a business process that facilitates international operations and market accessibility. It discusses the positive impacts of globalisation, such as access to global markets, cross-cultural management opportunities, foreign trade and investment, increased competition, and technological advancements. Conversely, it also addresses the negative impacts, including job insecurity, price fluctuations, the spread of fast food culture, and potential trade imbalances. The report concludes by posing questions about how developing countries can leverage globalisation, the legal considerations involved, the impact on host nations, and the fairness of comparing small and large organizations' products in a globalised market. The report references several academic sources to support its analysis of globalisation's multifaceted effects on business and society.