How do you think globalization will impact marketing, flow of funds across borders, movement of human resources, and other factors of production? What are the entry barriers you foresee?
Globalization will weave the world into one big family connected to each other. Through globalization the facets of life will become easy.
With globalization marketing , flow of funds , human resources will become easy. IT revolution has crafted technology with which one click you can market your product anywhere. Similarly globalization has reduced the financial obstacles by broadening the financial markets such that countries can borrow easily from one another.
Barriers
Developed Countries now a days are coming up with strict norms in terms of quality and accessibility which is hampering and preventing globalization .
Countries in order to provide employment to its own people are putting restrictions on hiring agencies. Prime example can be US increasing tu he minimum salary for H1N1 visa holders. Thus making it unprofitable for firms to hire .
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