Globalization has spread finished the world like wildfire, affecting everyone and one of the biggest it has had, is on businesses. In Bangalore, the Silicon Valley of India, they have had one of the most dramatic affects caused by globalization; they have had an enormous boom in IT and give Indias economy a positive future.(Schifferes, 2007)
It has a very drastic affect on global businesses, that it stomach send your business booming or cause it to fall behind everything. The negative are tremendously large globally and having quick affect on others. Such examples of the down side of globalization are; Shares have continuously begun to drop through and through, show no signs of resurrection in the near future. Finding a chew over has become tremendously hard due to layoffs and loss of businesses. Without the currency flowing in manufacturers are taking hazardous measures in order to produce cheaper goods, such risks are the use of prisoners and pincer labors without caution to safety.
With the window of opportunity wide open because of the scotch down fall on many businesses, terrorists have great access to weapons and to afflict deadly damage. The expansion of McDonalds and KFC endangers the health worldwide with greasy foods and cheap dollar menus. Diseases have a get out chance of being spread now days because of the accession of travel globally. Price rise all over has make many governments unable to maintain a stable welfare for citizens in various developed countries. As if it were all crock up of a ripple effect. (Pillai, 2008)
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