Globalization Sample Essay
Globalization has been favored in economies where the political setting is stable. With the presidential system of government in place, the public policies of the people are well-founded to be in the interest of the masses. As there is check and balances among the different arms of government, no single arm can come out with a subjective interest-based policy that could truncate the affect operation of business within the country. Furthermore, these governments are in support of an open economy. The governments are at the forefront of preaching the neo-liberalists doctrine of free trade. This free trade doctrine allows firms in the clothing industry like Nokia, and MTV to thrive when they venture into the market. People have the choice to buy assorted products according to their taste in the market.
Thus, firms like Nokia will tend to compete well given the organization’s track record and good placing in the globe where it’s well established. The management and strategic operations of the companies would make it gain feet in the global markets.
On the negative side of globalization, the tax required to operate a business in foreign countries is normally high. As government at different levels has taxes to be charged from companies’ income.
The management should realize that communication technology is highly modern and sophisticated to aid organizations operating in any country around the globe.
This is coupled with many service providers for the internet, companies like Nokia and MTV will have ease in keeping constant touch with the parent headquarters and network of these firm’s organizations, globally.