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Global diversity and how globalization has changed business

Describe ways in which globalization has changed business, politics, and culture. What future changes can you forecast? Explain why you regard these changes as neutral, good, or bad.

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Globalization has significantly affected the global business by bringing countries closer in terms of bilateral trade via removal of trade barriers, establishment of bilateral treaties and significant increase in trade cooperation, investment, flow of goods and services among nations. Globalization has encouraged global businesses to foray into newer markets to tap growth opportunities in newer markets as well as tap comparative advantage in terms of cost or quality of production or sourcing of raw materials.

Increasing globalization has been beneficial for the entire world because it has made the whole world a ...

Solution Summary

Discusses how globalization has changed business, politics, and culture, forecast future changes and contains viewpoint on these changes.