How has globalization influenced international business?

There is growing sentiment today related to
globalization
and its effects on the global market. First of all,
globalization
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
has heavy positive impacts on international business.
To begin
with,
globalization
creates many opportunities to exchange and trade products.
Countries
have more opportunities to develop and
export
their strong products and import what they need.
For example
, thanks to
globalization
, Vietnam is a country with strength in wet rice production and can
export
many rice products to other
countries
such
as Thailand, Japan, China, even Germany,
and
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France, etc. From that point,
this
development
also
creates more jobs for local people and promotes economic increase. Based on the competition between different
countries
,
countries
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
, people will have a much better product experience.
For instance
, some
export
fruits from Vietnam
such
as dragon fruit, Cat Chu mango and lychee that can
export
to difficult markets
such
as Japan and America
also
need the growing process meets the standards, the product must meet the hygiene requirements
as well as
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.
Submitted by khanhlinh151123 on

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