essay introduction

Globalization, the most abused word in the 21st century, defined by the economists, has meant so many different things to different people and evoked as emotion (Chanda, 2002). In business, it is important not only try to understand what its definition but also what is it that changed over the past few years by the name of globalisation. What are the main effects of globalisation into the global co operations, to customers,to the labour ,to production, to distribution and how technology improved by using global opportunities?
For example,in today's global economy some products having been made and sell almost everywhere whereas consumers are being able to reach almost anything even though those products are originally produced on the other side of the world. Additionally, as For the companies, mass production provides lower costs, competitive advantage, and. Being able to use the economies of scale.On the other, however, according to world ban briefing papers, liberalized financial or capital market flows whose high volatility can sometimes foster boom_and_bust cycles and financial crises with large economic costs.Even though some countries have to face drawbacks of the globalisation, yet most of them benefits from its advantages and try to be a part of those global markets in order to create new job opportunities, gain new global customers and raise their incomes.This essay will argue both sides of the debate and have a point to the main effects of the globalisation through the leading business function and then discuss how global markets affect other countries which they are either part of world wide unions or not.