Globalization: What Are The Advantages And Disadvantages Of Globalization

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Globalization what is it? What are the advantages of it? How does it affect our everyday lives and the world around us? The term globalization can be defined as the act of a business in which it can bring different people, ideas from different places in the world in the hope of opening the range of the business on a wider global scale. This process is very profitable and widely advised to all businesses around the globe to expand. Globalization has brought people from different parts of the world together, has the potential to make people rich and is eligible to establish developing nations. The close integration of the countries and people from the world brought about the significant decrease of expenses of transportation and communication. The process of globalization helps in many aspects to both businesses and…show more content…
Building infrastructure of a country is not an easy task to do, but the idea of globalization has made it easier than before. Any service required for a nation to build a specific infrastructure can be done easily by just setting out a tender in the market resulting in the flow of inquiries from various international firms, which makes it easier overall for a nation to expand and the competition provided in the markets. The new trend of investing in other developed countries is carried by the developing countries in other developed countries for securing a regular return from their investments (Dummett, Hughes, & Stephenson, 2013). This mean the country opens roads and ways for other countries to be welcomed in to the country to help them invest in their country. Building a nation in to something from nothing is the present concern about the leaders in this world. Countries building their infrastructure and carrying out investments in other countries will help them doing so, all thanks to

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