The Positive Effects of Globalization to Small Business
Posted: Monday, September 13, 2010
by Maria Hernan
In my previous blog post, I have tackled the subject on whether globalization is to blame for unemployment. This is precisely because outsourcing is the new trend and most employees feel that their job security is being threatened. Since I have addressed that issue previously, I will now be discussing more on the topic of the positive effects of globalization to local businesses. Globalization is responsible for creating millions of jobs all over the world and it also is the reason why imported products are available anywhere for consumers.
- Globalization broadens the access of goods and services. So both consumers and companies are given the opportunity to obtain a wider range of goods and services.
- If a small business plans to expand to cover the international market, there is a better access to external finance and this in turn would enhance the emergence of worldwide financial markets.
- International travel and tourism would increase, creating more opportunities for small business growth and jobs for locals as well.
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