Globalization: Impact on Companies & Industries Comprehensive Report

This report provides an overview of globalization, defining it as the increasing freedom of the global economic system driven by cross-border trade. It explores the historical context, highlighting the waves of globalization and their impact, particularly after World War II. The report emphasizes the role of global supply chains, driven by multinational corporations, and the significance of trade in intermediate goods. It also discusses global financial flows, including FDI and securities, and their impact on the US economy. The conclusion emphasizes the concept of comparative advantage, where nations specialize in efficient production, leading to economic growth and lower prices. The report references academic sources to support its analysis of globalization's complex and politically charged impacts on society.

Report writing

INTRODUCTION
Globalization is the term which is being used to describe the raising freedom
of the global economic system, trends and populations bring about by cross border
trade in goods and services after the cold war in the early 90’s as these nations in
the early 90 ‘s as these cooperative arrangements designed modern everyday life.
This guides uses the term more broadly to refer to global trade and some of the
investment flows among advanced economics, mostly concentrating on the united
states. This report will explain about the globalization and its concept and its impact
on company and industry.
MAIN BODY
The broad -ranging impact of globalization are complex and politically charged.
As with major technological advances, globalization advantages society as a whole,
while harming certain groups. Understanding the relative costs and benefits can pave
the way for alleviating issues during carry on the wider payoffs. humans have sought
distant places to settle, produce, and exchange goods enabled by improvements in
technology and transportation. But not until the 19th century did global integration
take off. Following centuries of European colonization and trade activity, that first
“motility” of globalization was propelled by steamships, railroads, the telegraph, and
other breakthroughs, and also by increasing economic cooperation among countries.
The globalization trend eventually waned and crashed in the tragedy of World War I,
followed by postwar protectionism, the Great Depression, and World War II. After
World War II in the mid-1940s, the United kingdom led efforts to resuscitate
international trade and investment under negotiated ground rules, starting a second
wave of globalization, which remains ongoing, though buffeted by periodic break
downs and climbing political examination.Global supply chains are production
networks that assemble products using parts from around the world known as
intermediate goods. Cuurently , 80 percent of world trade is driven by supply network
run by multinational corporations. Trade in mediate goods is now nearly double as
large as trade in final goods and is particularly crucial in innovative business
enterprise, like automobiles. Various countries have large gloabl financial flows or
investments, consisting of assets and liabilities. These include FDI, securities which

are bought and sold, and liability . They are basically held by or owed to firms, banks
and other financial institutions, or governments. This report shows how annualy US
proceedings grew over time as the world wide economy and fiscal system became
raising integrated but breaker down dramatically while the global financial crisis of
2008–09. (Total US foreign assets in 2016 were $26 trillion, equal to 140 percent of
US GDP. Total US possession to Britishers were $34 trillion in 2016, or 185 percent
of GDP.)
CONCLUSION
It is terminated from above report that globalization motivates each nations to
specialize in what it generates best utilising the least amount of sources is called as
comparative benefits. This concept makes production more efficient , supports
economic growth and lowers prices of goods and services making them more
reasonable particularly for lower income households goods.
REFRENCES
Wang, N., Zhu, H., Guo, Y. and Peng, C., 2018. The heterogeneous effect of
democracy, political globalization, and urbanization on PM2. 5 concentrations
in G20 countries: Evidence from panel quantile regression. Journal of cleaner
production, 194, pp.54-68.
Purohit, N., Adesara, D., Kedia, S. and Venkteshwar, A., 2019. Effect of Financial
Globalization on Developing Countries. International Journal of
Management, 10(4).
Barichello, R., Patunru, A.A. and Schwindt, R. eds., 2021. Globalization, Poverty, and
Income Inequality: Insights from Indonesia. UBC Press.