Globalisation

Report on Globalisation

In this report I am going to talk about multinational companies and globalisation. I am going to give reasons for globalisation, arguments for and against globalisation. I am also going say whether I am for or against globalisation. Multinational Companies are companies which operate in more than one country. This means that it will both produce and sell goods in various countries. It will have offices and factories etc. in more than one country. Whereas, Globalisation is when a business can sell goods to countries across the world but does not actually have a base there. All manufacturing of goods etc is done in the one country, unlike Multinationals who do make goods and operate in more than one country. An example of a multinational company would be businesses like McDonalds and Coca Cola. An example of Globalisation would be a business called Lenovo.

One of the reasons why businesses can now grow globally is because of the internet. This allows them to set up websites and sell the goods made in one country across the world without actually having to manufacture them there. Another reason they can now grow globally is through advertising. Businesses can now more easily advertise in lots of different countries through TV adverts. However, a downside to globalisation for businesses could be that they may have to pay high taxes and import costs when sending the goods to countries across the world.

Advantages for Globalisation include ;

•Consumers to get much wider variety of products to choose from. Because now customers could buy products from all across the world they will be able to buy a much better quality product because there is more choice.

•Consumers get the product they want at more competitive prices. There will be many different products to choose from online so this means prices may vary and you could get a better quality product for a cheaper price.

•Companies are able to procure input goods and services required at...