Globalization : The Globalization Of Business Essay

946 Words Apr 15th, 2016 4 Pages
The Globalization of Business

Management in the globalization of business is a multifaceted and complex topic. The subject of a global and interconnected market has made headlines and moved to the forefront of economic discussions over the last few decades. On the one hand, the growth of global markets has re-distributed fortunes to both big and small countries all over the world. On the surface this seems like a good thing. Unfortunately, there is a dark side to the subject of international trade as well. The dark side is fueled by a desire for power and control. It’s one thing to expand your customer base by selling goods and services to other countries. It’s quite another thing to skirt the laws of economics and capitalism by manipulating currencies and applying tariffs unfairly from one country to the next. While this might sound overly negative, it’s really a testament to how far we have come from the simplicity of selling goods to people in other nations and lands. Globalization of business is nothing new. This has been with us for a long time. What has changed is the scale and complexity of how business is conducted and goods are traded today.
We have been engaging in global trade since the dawn of time. Going back in time we might first think of the Silk Road, a 4,000-mile route that connected China to the Mediterranean. Marco Polo used them to travel to buy Asian silks and spices. These trade routes not only transported people and goods but also the…

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