The majority of todays businesses operate globally through v

The majority of today’s businesses operate globally through various channels. In a one page to two page paper, discuss how globalization has had an impact on business in America.

Please provide examples to support your text.   Please post your work in this forum.

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Solution

Meaning of globalization:- Globalization is a process in which people, goods and ideas spread throughout the world, spurring more interaction and integration between the world\'s cultures, governments and economics. In short we can say that it is the movement of people, knowledge and technology across international borders.

Features of globalization:- there are some main features of globalization such as

Liberalization:- this means that the bussiness man has freedom to establish industry, trade and commerce either in his country and abroad

  free trade:- that means there is abscence of excessive governmental control over trade

  Borderless globe:- that means there is the liberty of breaking national barriers and creation of inter-connectdness

  A composite process:- that means there is the integration of nation-state across the world by common economics, commercial, political, cultural and technology ties. in short, creation of a new world order with no national boundaries.

A top down process:- it is a top down process, globalization originates from developed countaries after that there technologies, capital, services, products come in the develpoing countries. after that there is the developing countries to accept these things ,adapt themselves to then and tobe influcened by them.

Impact of globalization on business in America

Expanded markets:- That means a business that had previously sold its goods domestically only can start selling products to other countaries. Examples of expanded market includes auto industry.

before the fall of berlin wall countries under the influence of communisn only had acess to carthat were produce domestically but now they are able to expand their market worldwide.

Cheaper resources:- Before globalization, many companies of America produce their goods either domestically or in areas with slightly less expensive labor.when china opened its market to the rest of the world,however, American companies were able to take advantege of the far cheapest labor that contributes to cheaper cost, which in turn contributes to larger profits.

Rising U.S unemployment:- In 1960, 24 percent of all U.S workers were employed in manufacturing. today its only 8%.for a long time China was the chepeast place to manufacture goods due to unbelievebly low labor costs. that m,eans 94 million Americans have dropped out from workforce.

Cross cultural management:- because of globalization, highly educated and wealthy peopla are interacted with each other easily. US haspowerful impact on many other countries and society. for example, in america, McD provides fast, cheap and convenient food while it is not the same worldwide.

Competition:- beacuse of globalization, there is the improved quality of product in US as there are many other countriwes which are producing same product. this increases competition.

Fluctuation in prices:- because of globalization, us is forced to low their goods prices as there is many MNC\'s which are generating same product in low price...