Primary Opportunities and Threats in globalization of markets in business
Business Finance
first, a discussion about “What are the primary opportunities and threats presented by the globalization of markets in business? Explain.”
please provide two refrences, no more than 250 words and not less than 170
very simple vocabulary.
I also want a reply “I agree or disagree” with these discussions :
1 – ” The globalization of markets in business is one of the best developments in our time. Where they have an essential role to play in the evolution of economies between States and the impact of transactions among them. Globalization of markets is also capable of creating business opportunities.
As the globalization of business markets can promote phenomena in advances in medicine, mobility, and communication. (s. Tamer Cavusgil, n.d.)
There are challenges facing globalization is that it will be difficult for some ordinary people to get jobs in developed countries that need innovative labor and that will reduce tax return.Also, the disadvantages of globalization in business marketing are that advanced countries are controlling or controlling the international system, how to flow capital from one state to another.But the advantages of globalization in the business market are that they have made access to foreign countries’ cultures easier than in the past.
(“Globalization Benefits and Challenges,” 2019)”
2- “Globalization in itself is a great thing. Many companies begin to mark their footprints in other countries, which not only increases cultural awareness, but also provides a variety of options for consumers to choose from. Globalization has allowed for a decline in trade barriers and rapid advancements in technology and infrastructure. With these great advancements also comes potential risks such as one country’s economic crisis affecting the global economy and consumers having more control over what they purchase because of the increased variety of suppliers in the market.
I think the increased variety of suppliers harms our local businesses. From my perspective, the majority of the class seems to be in the millennial age group. Do you all see and care about the harm companies such as Amazon do to our local businesses? Do you believe these local business should join the “big dogs” or be left behind? Is there opportunity for all to thrive in our economy?
Do you blame countries in the middle east who are opposed to the idea of Globalization in attempts to save their local producers and businesses? Or do you think this also plays a significant role in why these countries are not advanced economies?
Even take it the next step to consider the tax breaks some of these companies receive. I know the people of NY felt opposed to the idea of having Amazon HQ2 in their state. “
