Globalization - A Necessity for Every Country and Business.
In another one of my classes we are currently on the topic of Globalization and the pro's and con's of the ever-changing and developing world. I found an article about British controlled companies caught in a conundrum on whether to remain privately owned or sell out to internationally run organizations or American organizations. Many believe that the open-market and free trade are revolutionizing the industrial world and they must not be left behind. While others believe that these Multi-National Organizations pinch every dime they can out of various companies while producing inferior goods because they have a lock on the international market. It is a debate that can be argued both ways but most see that nations with open economies prosper vastly greater than those that have a closed economy. It is a matter of how a country perceives itself in the realm of world and how they can generate a profit by going in a new direction or continuing with their old plan.
I am in favor of globalization because I believe it helps extinguish primordial conceptions of third world countries. Of course I subscribe to the definition of Globalization as the development of a country to make possible international influences or operations. I believe that a country has every advantage to be an open-market with the financial backing of America or NPO's or MNO's. Third-world countries have a chance to prosper for themselves if they are conditionally better at making a quality good that the world needs and wants. Technology is the future of this world and the recent globalization phenomenon is helping to develop very rural cities in the Far East and African nation's so they can enhance their way of life and develop into a contributing force on the international front.