How has globalization influenced international business?

There is growing sentiment today related to
globalization
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and its effects on the global market. First of all,
globalization
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can be simply understood as the growing interdependence of the world's economies, cultures, and populations. From my point of view, I believe that
globalization
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has heavy positive impacts on international business.
To begin
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with,
globalization
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creates many opportunities to exchange and trade products.
Countries
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have more opportunities to develop and
export
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their strong products and import what they need.
For example
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, thanks to
globalization
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, Vietnam is a country with strength in wet rice production and can
export
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many rice products to other
countries
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such
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as Thailand, Japan, China, even Germany,
and
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apply
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France, etc. From that point,
this
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development
also
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creates more jobs for local people and promotes economic increase. Based on the competition between different
countries
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,
countries
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need to upgrade their infrastructure and invest more in many modern production machines to suit the world today. The quality of the product will be more attended to, and
as a result
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, people will have a much better product experience.
For instance
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, some
export
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fruits from Vietnam
such
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as dragon fruit, Cat Chu mango and lychee that can
export
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to difficult markets
such
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as Japan and America
also
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need the growing process meets the standards, the product must meet the hygiene requirements
as well as
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the shape and appearance. In conclusion, globalisation brings many benefits for both local people and the international market. It brings a diversified economic market and an equal world for everyone.

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