We live in a time of worldwide change. What happens in one part of the world impacts people on the other side of the world. It means that people around the world are influenced by common developments and that’s what describes Globalization. In fact, the term is being used in a variety of contexts referring to a wide variety of political, sociological, cultural, environmental, and economic exchange. We’re going to focus now on the economic side which means the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. Then many questions are arising.
In what ways has Globalization helped business in countries participating in Globalization?
What are the advantages and disadvantages of Globalization for societies involved in Globalization?
What challenges does Globalization present to managers?
What skills does the international manager need?