shareholders and managers, might reduce the value of multinationals relative to domestic firms (Saudagaran.M.,2002). The world today has a popular cultural force. In my opinion, globalization is a positive thing, because of several reasons. The managers are facing a lot of challenges in managing them (Nanda., 1990). Traditional diets and recipes are yielding to sodas, burgers, and other highly processed and standardized items that have a lot of fat, sugar, and salt resulting a global epidemic of diabetes, obesity, and other chronic diseases. Globalization has been bonanza for the consumers however grave for the small-scale Indian producers. Through this they will enlarge their market and enjoy economies of scale as duo de la mouche nathalie dessay globalization facilitates time space compression, economies compete at all levels including that of attracting investors (Smith.A and Omar.,2005).
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This is mostly through International trade whereby people exports and imports goods within countries. Job opportunities have opened up like never before; people are encouraged to move beyond the beaten path and take up positions in the farthest reaches of the world. Countries do business through international trade, whereby they import and export goods across the global. Globalization has brought benefits in developed countries as well as negative effects. Some scholars claim that governments are becoming less influential in the face of an increasingly economic world.
Not all good practices were born in one civilization.
The world that we live in today is a result of several cultures coming together.
Globalization is a tool that benefits all sections of mankind.
Due to increased globalization in developed countries, there is more scope for developing countries to benefit from.
It is very important to strike balance between the positives and negatives of globalization so that balance can be restored in nature and its living.
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