Globalization changes lives. One can build good friendly relations on the web, and become an entrepreneur on the web, There is no border in globalization to mean if we have a passport or visa we can land in other places, borderless land as long as our entry is legal. Globalization increases the transport of goods. There is also economic specialization, decreased biodiversity, and increase awareness. Through globalization, we know what is going on around the world in business-related affairs.
Globalization also allows companies to find lower-cost ways to produce their products. It also increases global competition which drives prices down or prices high. It depends on a particular situation and circumstance if involved are people both in developing and already developing countries. The other impacts of globalization are cultural and political. As we see, we learned the culture of other counties so with other counties learned others' cultures.
In politics, we learned how our government transacts business here and abroad. They are in teams to resolve particular issues like the coronavirus and the ongoing wars between Ukraine and Russia. All nations are involved and no other agency could resolve this except our government. When there is export-import, there is an authorized department that sees to it if the transaction is legal like rice importation or smuggled. No one is left behind in globalization.
Globalization also allows companies to find lower-cost ways to produce their products. It also increases global competition which drives prices down or prices high. It depends on a particular situation and circumstance if involved are people both in developing and already developing countries. The other impacts of globalization are cultural and political. As we see, we learned the culture of other counties so with other counties learned others' cultures.
In politics, we learned how our government transacts business here and abroad. They are in teams to resolve particular issues like the coronavirus and the ongoing wars between Ukraine and Russia. All nations are involved and no other agency could resolve this except our government. When there is export-import, there is an authorized department that sees to it if the transaction is legal like rice importation or smuggled. No one is left behind in globalization.
