Question

Provide a 300 word response to this post regarding how globalization affects international business in the future years:

I think that globalization can help form better relationships with other regions around the world. I hope that with the advancements in technology like AR/VR, we can continue to learn from one another and make the world a better place. By utilizing these advancements in communication, we can negotiate more deals that benefit many cultures. I think this will eventually globalization will become more common throughout the world.   

Answer 1

ANS

Yes, it is cent percent possible that globalization can help to form better relationships amongst different regions and economies in the world..The globalization has helped many regions to spread the knowledge about their culture to the far distant places, globalization has lead to spread to technology and which has provided an ease in communication, this ease in communication has lead to the transformation of small or domestic business into the multinational firms. Globalization leads to spread of information to the far most areas in the seconds and this helped the economies and business industries to make better decisions and to make business deals more effectively.The technologies which spread to the entire world with the help of power of globalization like GPS, VR, AR Cloud sharing etc have given a rise to the efficiency in the operations of business management. The globalization has been really beneficial for the developing countries as it helps these countries to get access to the technologies that are been developed by the developed countries and also it helps the developing countries to get more employment oppurtunities as because of globalization the developed countries like USA, Germany are now introducing their workspaces in developing countries like India. It also helps the developed countries as well, as it helps these countries to get acces to the market in which they can sell their products and services. Globalization also helps the world making a better place to live by reducing the gap between developed and developing countries. The globalization has also helped in forming a base for the future as the world now fights and stand together against the bigger issues like pollution, climate change and terrorism as globalisation helped in spreading of awareness amongst different nations.and also the students now find it easier to travel to different nations for studies and upgradation of knowledge about different cultures.(310 words)