Describe ways in which globalization has changed business po

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.

Solution

Globalization has mainly changed the social life in cities,and disassociating it from territoriality. Globalization has mainly affects the global business by making countries closer as in terms of bilateral trade through removal of trade barriers, establishment of bilateral treaties and significant increase in trade cooperation, investment, flow of goods and services among nations.

the future changes are it will encourages the global businesses to enter into newer markets to tap growth opportunities in newer markets as well as to 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 prevalent and increased cultural diversitywithin the workspace