The aim of this paper is to discuss the positive impact on international businesses from developed and emerging economies. Globalization is one of the most important topics in the modern era. This is because the progression of the world economy highly depends on it. However, there are some internal contradictions that are in the path of globalization. All of these internal contradictions are ended in a final decision that globalization is getting beneficial for a particular group of businesses. Additionally, this paper has found that various environmental constraints are becoming great threats to globalization.
The limitation of natural resources is a concern for the whole world as businesses will not find any solution about how to get rid of this problem. Another problem arises from the powerhouse of the world where the powerful countries are involving in a competition to take control over these resources which causes greater threats like war. However, many new technological sectors are introducing to speed up the process of globalization. Most importantly, with those newly invented technologies, businesses can find the solution to remove the environmental constraints and overcome the problems of globalization. In a word, globalization is necessary for the whole world for the improvement of the lifestyle of people.
Table of Contents
2.0 Concept of globalization.
3.0 Positive impact of globalization on international businesses from developed and emerging economics
4.0 Negative impact of globalization on businesses and consumers.
4.1 Internal contradiction of global system.
4.2 Resource and environmental constraints of globalization.
Globalization is the process of making interaction among the different countries of the world through various sectors like economy, culture, population, exchanging of goods and services, technological factors and other important factors (Shiva, 2015). Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner (Scholte, 2016). Globalization is grounded in the theory of comparative advantage which states that countries that are good at producing a particular good are better off exporting it to countries that are less efficient at producing that good (Daniele and Jonathan, 2015).
Globalization is now a hot topic in the current business world. It is offering huge opportunities to international businesses in both developed and emerging economies. However, in some cases, it brings challenges for businesses in both domestic and international markets. This paper, firsts, discusses the positive impact of globalization on international businesses in both developed and emerging economies. Then, this paper evaluates the negative impact of globalization on businesses.
2.0 Concept of globalization
Theory of Feminism: It puts emphasis on the social construction of masculinity and femininity. All other theories have identified the dynamics behind the rise of trans-planetary and supra-territorial connectivity in technology, state, capital, identity and the like. Biological sex is held to mold the overall social order and shape significantly the course of history, presently globality. Their main concern lies behind the status of women, particularly their structural subordination to men. Women have tended to be marginalized, silenced and violated in global communication (Dermine, 2017).
Theory of Postmodernism: Some other ideational perspectives of globalization highlight the significance of structural power in the construction of identities, norms and knowledge. They all are grouped under the label of ‘postmodernism’. They too, as Michel Foucault does strive to understand society in terms of knowledge power: power structures shape knowledge. Certain knowledge structures support certain power hierarchies. The reigning structures of understanding determine what can and cannot be known in a given socio-historical context.
This dominant structure of knowledge in modern society is ‘rationalism’. It puts emphasis on the empirical world, the subordination of nature to human control, objectivist science, and instrumentalist efficiency (Bird and Kopp, 2019). Modern rationalism produces a society overwhelmed with economic growth, technological control, bureaucratic organization, and disciplining desires. This mode of knowledge has authoritarian and expansionary logic that leads to a kind of cultural imperialism subordinating all other epistemologies. It does not focus on the problem of globalization per se.
In this way, western rationalism overawes indigenous cultures and other non-modem life-worlds. Postmodernism, like Marxism, helps to go beyond the relatively superficial accounts of liberalist and political realist theories and expose social conditions that have favored globalization. Obviously, postmodernism suffers from its own methodological idealism. All material forces, though come under the impact of ideas, cannot be reduced to modes of consciousness. For a valid explanation, the interconnection between ideational and material forces is not enough (Daniele and Jonathan, 2015)………………………..