Week 2 Globalization - 1 Globalization Tabatha Smith...

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1 Globalization Tabatha Smith PHL/320 March 28, 2016 Danielle Lombard-Sims
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2 Globalization The word globalization is the process of extending business to other parts of the world. This involves developing a progressive integrated global economy by developing free trade and flow of capital as well as tapping into cheaper foreign labor markets. The argument regarding whether globalization is good or bad for business is ongoing. Some argue that globalization is beneficial while others believe it is essentially insufficient (Dunning, 2015). I believe globalization is beneficial for business because it allows extensive opportunities for development in other countries and it will only further advance our world to make us more unified. The word good is defined as something beneficial or advantageous to someone or something; consequently, globalization is good for business on the grounds that it benefits the organization by contributing to an increasing profit in other world markets (Knight & Cavusgil, 2004).
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