Question

Is business globalization a good or bad thing? Why or why not?

Answer 1

           Each and everything in this world has both positive and negative sense, but for me business globalisation has more positive side than negative. Business globalisation will allow domestic products entry into the global market, allowing the products to be sold at wide variety of region. Moreover with globalisation, domestic firms will be able to learn the new technologies of the outside world ,which will indirectly uplift the domestic production. Aswell as with growing competition domestic firms will become more effective and competitive.