Globalization explained

Globalization explained

1. Globalization is a hotly debated topic, so it is not easy to explain such a complicated term in simple words.

2. Therefore, globalization has many facets that affect almost all aspects of life, which makes me think that the chain of positive and negative effects will continue to grow.

3. Technological advances such as mobile phones, airplanes, telephones and the Internet have made possible, among other things, the growth of communication networks and the growth of trump food.

4. Even national environmental standards are ignored, which constitutes an additional cost factor in the international competition for sites that should be kept as low as possible.

5. Their products compete directly with each other but both companies pay the same wages and production costs, have the same customers, use similar suppliers and sell televisions at similar prices.

6. That is why a local company can sell televisions here at a lower price because they have been manufactured for less money than the local companies that have to react to face the competition and so the world is closer and there is an active exchange of goods between countries.

7. if a company decides to move production to an economically disadvantaged country, the inhabitants of the industrialized countries lose their jobs and at the same time job opportunities open up for many inhabitants of the economically disadvantaged country.