PGBM04 International Business Environment (GC01778)

Executive Summary

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 involved 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. But, it is turning out to be the most effective one when people from all aspects will get the benefits of globalization. It is possible when the rich people will realize that it is important to share the happiness to all the people of the society for the wellbeing of society. This practice can give a peaceful and progressive society as well as a developed country.

Table of Contents

Executive Summary.

1.0      Introduction.

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.

5.0 Conclusion.

References.

1.0  Introduction

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

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 an old term as people made buying and selling process from each other at great distances for many years. Nowadays globalization uses particularly to express the international trading system but it definitely has an effect on the environment, culture, politics and progress of the life of the people (Scholte, 2016). The powerhouse countries of the world refer to globalization as the process of developing the economy and the standards of living and releasing people out of poverty. But others have some different thoughts about globalization as by the starting of the discharged international free market, the multinational companies of the western world have only be benefited. Around the world, 1.2 billion people are still facing an extreme level of poverty which makes the concept of globalization a little controversial. But with all of these discussions globalization is needed for the world for spreading of products, technology, information etc (Daniele and Jonathan, 2015).

It increases the chance of getting jobs in other countries across the world. By taking the advantage of free trading, the countries improve their economic field. Globalization is not an easy process to progress though as there are constraints to the continuation of globalization (Bird and Kopp, 2019). It is necessary to understand those internal contradictions in the global system which affect the progression of globalization through the world. In this report, these internal contradictions are going to be discussed. Environmental constraints are also responsible for which globalization is not being up to the mark. These problems are briefly described in this report by which the reasons behind lacking globalization are clearly expressed (Scholte, 2016). It is necessary to realize these problems and the reasons which hamper globalization but for all the countries it is also important to find out the way to remove these constraints. There are some technological factors which can be applied by solving these problems and by doing that the whole world can get the advantages of globalization system. In the later part of this report, it is also discussed that how technology can help to overcome these limitations (Dermine, 2017).

3.0 Positive impact of globalization on international businesses from developed and emerging economics

George (2015) stated that globalization has been playing a vital role in the modern form of business to maximize its operations in the global market. It makes revolution to the global economy by bringing new ideas and sectors to expand the field of globalization (Rosenberg, 2016). It has become a critical competitive strategy by globalizing the world which is beneficial for all the countries to achieve more ethical standards. Nowadays in both public and private sectors the delivery of services changes from manual to electronic systems which is the reason for the advancement of business communities all over the world (George, 2015). International trading is now so much easy by using the technology which removes the major hurdles of globalization like trade barriers, lack of common ethical standards, transportation problems, transportation cost, delay in information exchange etc. Software experts can easily perform their work by using the network with different companies all over the world (Stiglitz, 2016). Information technology arrives as a new market policy which increases the competition on the market all over the world. Creation and growth of global market largely depend on the advancement of technological sectors…………………………

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