The affected regions were tourist areas and were frequented by The 2004 tsunami affecting much of the south-eastДЄsian countries, took on a global awareness simply not because, some of It can be too much to take in! Today even variousДisasters, whether natural or man-made have bigger impact on theД¬ountries even not directly affected as the result of interconnectednessДue to globalisation. Leading to an increase in physiological and psychological dissonance of HareвЂ™s pace is definitely leading to an explosive burst of information, While the tortoise pace would have slowed the progress as a whole, the The moral of the story can be argued from both sides. For the US companies reducing prices will have a negative effect on their profits which in turn may lead to actions like laying off workers.Is questionable now is whether the slow and the steady would really

Due to competition prices are always fluctuating, for example, a country like the US has to reduce its prices often to compete with prices for the same product coming from China.Д¬hinaвЂ™s production costs are lower than the US hence they can have ridiculously low prices. Increased competition means that businesses with the best prices win. This has seen some multinationals leave the ir countries to set up in developing countries to take advantage of this lax regulation in the process they manufacture products that are harmful to the environment. Increased production means more natural resources are used and this can be used up before they are regenerated leading to a negative impact on the environment.ДЄlso in developing countries rules and regulations on environmental protection are not as strict as in developed countries.

Globalization has led to increased production for businesses in order to meet global demand. Consumers have better quality products and more variety as a result. The great ideas from leaders spread more easily.Д¬ompetition from different countries drives firms to improve their products. The desire to make a profit has always been a spurВ to expanded trade, innovation, and the communication of ideas.

Also, it is unlikely that a country trading a lot of products and services with another will attack it or want to go to war with it. For example, due to globalization world leaders have seen the impact of pollution and have resolved to tackle climate change together. Globalization brings governments together so that they can tackle common goals together. Through globalization economies of different countries are becom ing more connected to one another since they depend on each other for trade. With an increased number of investors looking for investment opportunities around the globe, country economies will benefit wherever they invest. These investments by these multinationals or foreign countries also help strengthen the economies of these countries with the foreign exchange they bring in. With many multi nations heading to Africa to tap the consumer base in this part of the world more jobs are being created helping people in these countries get better wages and improve their stands of living. Inste ad of only selling products in their country a business can expand to other regions boosting sales and in the process mak ing more money.Д«ecause of globalization a lot of companies are moving to areas where their cost of production is low they, in turn, offer cheaper products because they are not expensive to make hence lower prices for consumers. Through globalization countries and companies have access to a bigger consumer ba se.

Now that you know what globalization is letвЂ™s get into its impact Through it, different cultures meet and people get to know and understand the various ways of life and accept them. Globalization is not only about trade there is also the cultural aspect to it. via the internet a US-based company can hire an accountant in India to do its taxes. And itвЂ™s not only products globalization also makes it possible to get services from around the word e.g. Also, companies can operate where production costs are the cheapest due to globalization. Globalization today allows for goods to be made and sold all over the world.Д¬ompanies to establish and compete for customers in many countries for example fast food chains are opening outlets every day around the world. The rise of globalization is largely attributed to major changes in the telecommunications and transportation industries. Job Insecurity Globalization in BusinessДue to globalization someone in China can easily communicate and sell their products to an individual in the US. Globalization Wets Countries do what They do Best

Health impacts of globalization