International business Essay Example | Topics and Well Written Essays - 2500 words - 13

International business - Essay Example nce, it is an effort to integrate or transverse some of national boundaries that reduce the national barriers and the businesses can compete for productive inputs and customers across the globe. In other words, it can be explained as an effort to reduce national barriers and establish broader market that permits all buyers and sellers to persuade business activities at a global level. The process of globalization can not only be identified as a buzz word but it will provide opportunities to accelerate pace of major business. Despite the fact, globalization will provide greater opportunities for the business to expand its markets, improve the pace of its performance and productivity. Globalization still remains to be one of the debatable and controversial issues in contemporary times. Researchers claim that the globalization is an excellent concept to boost up economic prosperity but elimination of national barriers cannot be attained. It has created a confusion and paradox situation for the business entities to integrate its operations at a global platform. The statement ‘The problem with the globalization is that there is not enough of it’ indicates that the concept of globalization is not absolutely attainable that has created problem itself. Therefore, the present essay paper will critically analyze advantages and disadvantages of Globalization to interpret the statement. Werhane (2012) explains globalization as an integration process of national economies within the international economy, through trade flows, foreign direct investments, short capital flows, technologies flow and labor forces (Werhane, 2012). The integration of the economies has increased diversity, complications, and controversies because of its multi dimensional nature. Sebastian and Elisabeta (2014) Claim that with the passage of time globalization stresses on the increasing process of integrations among countries within regional economies and political structures, with respect to