Research and read objectively any academic article of your choice () that discus

Question

Research and read objectively any academic article of your choice () that discusses any theme(s) that relate(s) to global business. Please have link of article as well. Illustrate in practical terms how this article approaches the themes (issues of significant nature) and advances the logical contemporary debate(s). Support your analysis with logical applications and provide your own direction in terms of the debate potential. Are you on the winning side or just there as a follower? a comprehensive sort of analysis and demonstrate your full understanding of the issues and how if unchecked have the potential to exacerbate the existing challengers and threats.

Explanation / Answer

A Practical Approach to Global Business

In this paper, we look into an academic global business article about the economic benefits for both consumers and corporations of globalization. This article approaches global business form a positive perspective that highlights how it has allowed for greater innovation, more economic trade between countries, higher salaries and fewer salary gaps and more opportunities for new business to find their market. We all have seen the benefits of global business clearly in our daily life.

If you simply go through your war drove you’ll find tags that say something has been made in any number of places, and the different components in things like a cellphone come from all over the world to be assembled in overseas plants.

So by all means, the most successful products and businesses are often great at global strategies. Global business has had many positive impacts in local communities, for example, China is increasingly investing in the African continent, a great source of infrastructure and work for those countries, as first world investments once were for post-war East Asian Countries.

It mostly brings an up in the quality of life in the country and has allowed many countries to grow in part thanks to the innovation and technology they get from working with foreign businesses as well. We can all learn from countries like Japan when it comes to working with global businesses to finally become one of the most competitive countries in the global business market, with a great quality of life for its people.

However, I think that if not controlled, global trade and business can come with dangerous consequences for workers in foreign countries, if there are no ethical standards set. When it comes to globalization, there is great potential for collective growth, but also for misery. When choosing to expand your business to new markets, study them carefully and be sure to provide your employees with good working conditions and wages.

It is a fine line that sometimes gets crossed when working with local companies trying to increase their profit, so research your business partners in foreign markets as well, and keep track of their moral principles and working conditions. If we work together for fairness globalization can help us better understand one another, grow and even out inequality instead of making it worse.

Link of reference: http://ecipe.org/publications/the-economic-benefits-of-globalization-for-business-and-consumers/

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