Open global economy is a topic of public interest and concern. It is a little bit contested whether ability to buy the same products anywhere in the world accompanied with raising similarity among countries are positive or negative. Some advocates acclaim that this is a beneficial development while other suggest the opposite. I, personally, subscribe to the former notion.
An obvious advantage of this development is that it helps consumers find good products conveniently with competent price. This convenience stems from a number of varied goods and services ranging from low to high price. Therefore, it is extremely easy for costumers to look for suitable products and fulfill their demand. Moreover, the comfort while shopping also originates from a significant number of distributors in over the world, which results in more and more reliable as well as guaranteed products.
On the other hand, to great enterprises and small-medium companies, this development is a key to their own ongoing growth. It is widely believed that in such a free market, breaking into a suitable one is a certain step to increase a company’s revenue. Most economies are opened and flourishing if an organization predicts their prospect and catches opportunities to make the best use of them. However, chances are divided equally among companies; therefore, competition is unavoidable. Company leaders need to strengthen required skills and have a further look to defeat their rivals, which is also an essential step to a rosy future of business organizations.
In conclusion, it is very advantageous to develop in globalization time. However, adverse effects related to culture and economic dependence may be brought about if measures are not adopted precisely.
Countries are becoming more and more similar because people are able to buy the same products anywhere in the world. Do you think this is a positive or negative development? ) global economy is a topic of public interest and concern.
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Countries are becoming more and more similar because people are able to buy the same products anywhere in the world. Do you think this is a positive or negative development?
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