Before discussing anything else let me explain what globalization is first, globalization is the integration of products and markets across countries. Globalization helps in free flow of trade and capital between countries which helps people of different countries to avail facilities and technology from other countries too. As the time has changed demand of new products and technology which can help every country to work at same level has also increased because of which more and more foreign companies are entering into each other country’s market. Globalisation has brought lots of changes not only into the market but also in the living standards as high quality and high range of products are now available because of globalisation which were hard to access earlier. There are different phases of globalisation some are good and some are bad but the most important thing is globalisation has become the root solution to lot many problems because of which even the countries that have unstable market are welcoming globalisation into their domestic market.
Every company wants to expand as much as possible and in the race of becoming globalised internet has a great contribution because to expand one’s business it is not important to settle in those countries which ultimately cost high. Money is the biggest concern in every sector as everything somewhere gets connected with it and internet and the services on it are so cheap that even the companies with least financial support can afford to serve on web. Now participation in the race of globalization is not limited to big companies because now every company that wants to serve the maximum can easily do it with the help of internet although the range can be low as compared to the big companies but it can be a good start and a strong kick towards a great future and success.
Globalization boost the domestic market and as the demand increases so as the supply which results in economic stability but it is not necessary all the time that the globalization will result in the favour of a country as it can also have disadvantages for the companies that belongs to that country. Excess of anything is bad and especially when they are done after seeing only one side and the same happens with globalization but in maximum cases it has given positive results for both the country and the foreign companies which attracts more companies to invest in that country where the demand is highest. There are lots of factors which has resulted into the demand of globalization and one of them is internet. Although internet is helping in expanding business but it is also one of the root cause of the demand of globalization. There are many things that are hidden from the common eyes and if you are thinking of establishing a successful company then skipping this section may not be a good option. So, collect as much knowledge as possible in order to attain success.
