FRIDAY 29 AUGUST

draft

Introduction
In recent years the term globalization has become very popular. Government policy makers, leaders of political parties, business man, the mass media and normal people are all talking about the impact of globalization and how it changed our lives. But what is the meaning of globalization? Globalization is “the process of transformation of local or regional things or phenomena into global ones.”(Sheila L. 2004) It is generally agree that “the pace of globalization is quickening and will continue to have a growing impact on business organization and practice”(Friedman,2008) .Although there a number of arguments that claim globalization is a way that the developed counties designed to colonize the developing counties, everybody has to admit it brings a lot benefits, especially in business area. This essay will look at the negative and positive of globalization, how it influences the business and why generally it has improved business development, it main effect on economy aspect and business mind aspect.


Globalization accompanied by controversy when it born. George Monbiot (2008) argues that the world's hungriest are the losers as an old colonialism returns to govern relations between wealthy and poor nations by globalization. Globalization is dominated by the developed countries with economic and technological advantages, they use modern technology to dominate the world market, make "Rules of the game''.
As a result the developed countries continue to accumulate wealth and poverty in developing countries is increasing which make the world a more uneven economic development and more serious polarization. According to Joseph Stiglitz, Globalization fails to help the poorest.

In spite of the fact that there may be a couple of disadvantages to globalization, the advantages are more obvious especially in business area.

With the significant progress of globalization, the investments of the developed countries have rushed into the developing countries, which bring the great benefits to the latter. For example, in China, the most advanced provinces are coastal provinces, there are a lot of international companies, which improve local economic status and make the local people have better life than before. Thanks to the huge sums of foreign investment flows into Shanghai, in the last 15 years, it has been transformed into a glittering city of 21 million people, with more skyscrapers than New York and a public transport system that will soon overtake London's in size.

The great developments of the globalization lead to the flourish of the local industry, which can supply plenty of working opportunity to the developing countries. In the process of globalization, multinational companies continue to enter developing country, while in response to the globalization of the international economic situation. For example China has been adjusting the economic structure. In particular the development of the situation is to meet the requirements of globalization of financial, insurance, credit agencies, health care, travel, catering and hotel services, pension services, advisory services and other social sectors and departments have been rapidly to the market and privatization. These changes will, of course, increase work opportunities, including employment and entrepreneurial opportunities.



People can choose more kinds product and get something cheaper. If you go into a British home, you can find there are German furniture productions, Japanese household electrical appliances, cheap commodity made in China and eat food which flown in from every country in the world.





5 With the progress of the globalization, the high technology products make the local people’s life more convenient than before.

6 The globalization has brought the new ways of doing business, which contains both the new business ideas, and business rules.
7 The globalization has compelled the local company to enhance their product standard to satisfy the equipments of the international standard.