Globalization

Positives (Vanessa)

Expantion of the market.

Large size

Free Determination of Production Capacity

Indigenous Multinational Corporation

Development of Independent Money Market

Globalization has resulted in the development of an independent money market.

The exchange rate of money depends on market power on demand and supply power.

Globalization helps in the development of indigenous multinational companies/corporations along with multinational corporations.

Such kind of corporations is still establishing.

Due to globalization business Institutions themselves cannot fix their production capacity.

It entirely depends on market power.

Globalization results in the expansion of business Institutions because their business area is not restricted to a nation only.
Thus, produce in huge quantities.

Globalization helps in the expansion of the market for trade and business.

The business Institutions are free to expand their business worldwide.

National boundaries become meaningless for the multinational companies as they get unrestricted power to exploit resources of the whole world economy.^

Negatives (Ikjot)

Inequality in economic growth

The absence of local businesses

Increases risk of global recessions

Exploitations of cheap labor markets

Prompts job displacement

Globalization doesn't increase the number job, but rather, relocates the production jobs from high-cost countries to lower-cost countries, meaning that globalization causing the lose of jobs, as the jobs move production overseas.

Devolving countries are also economic opportunities for businesses, as they are able to decrease the cost of labor but increase the amount of jobs like Old Navy. However this does not grow the economic state of the countries (Ex. India, China, Africa).

Globalization intertwines many nations' economic systems, which increases the potential of a word wide recession, as if China starts to struggle it could put a major halt to the export of electronics, clothing, and medical equipment.

Certain policies bestow advantages to companies that have the resources and groundwork, to be able to open their services in different countries. Ex. A local woodworking shop may have more trouble to open up a restaurant than Ikea.

Although globalization helps with the economic growth of many countries, this growths equal, As more richer companies tend to benefit more (America) than devolving countries (Brazil).

With the Queen's death, globalization is affected through communication as the new ruler, King Charles, may want to rule in a different way (i.e., be more prominent in current affairs and politics). With this, there may be fewer people who like the new possible ways that he is ruling, so people may not want to sell their services or products in England.