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About globalization..

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Hello..

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About globalization..

1- Globalization has created new opportunities for firms to develop 
business models and offerings that have a higher intensity of R&D, 
innovation and capital. Many of the goods and services that have entered 
the market over the past decades have exactly those features, and 
without globalization, firms would have been forced to continue with 
business models that work with a smaller volume of sales. Firms have 
been able to specialize more than before and, as a consequence, human 
capital and the share of skilled jobs in the economy have grown 
remarkably. Today, advanced economies have a greater share of 
better-paid and better-skilled jobs than ever before.

2- Globalization has increased real wages for people in Western 
economies by making products cheaper or reducing the pace of price 
increases. If the typical goods that every household purchases had 
followed domestic rather than international price developments, 
consumers would have been poorer and saddled with products of lower quality.

3- Globalization has made significant contributions to productivity 
growth and, as a consequence, further raised living standards. 
Globalization has been particularly important for enabling new 
technology to spread fast across markets. In the long term, it is the 
speed of technological improvement that sets the pace for how richer 
societies get.how societies get richer

However, trade and investment are not growing fast anymore, and there is 
much suggesting that the decline in trade and investment growth is one 
explanation to the failing dynamism of Western economies. While some 
appreciate the decline in the growth of globalization, those who care 
about the prosperity of a society should deplore it and make efforts for 
the world economy to return to high levels of trade growth.


Read the following study to know more about globalization:

The Economic Benefits of Globalization for Business and Consumers

http://ecipe.org/publications/the-economic-benefits-of-globalization-for-business-and-consumers/


Thank you,
Amine Moulay Ramdane.

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About globalization.. Horizon68 <horizon@horizon.com> - 2018-11-07 12:17 -0800

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