The interrelationship and integration of people, companies, governments and nations can be described as globalization. Globalization was brought about through international trade and investment with the help of technology. In today's world, globalization is truly essential. Advancements and technology help the process needed for globalization. Many countries and organizations are similarly affected by this phenomenon, on the other hand, smaller countries benefit from larger contributors in the world market. The process of globalization allows the global market to include products and services of all companies in the world, including all investments that cross national borders. Indeed, many American companies have invested their goods, manufacturing products, and services in other countries. However, this has had a negative effect on the global economy. American companiesMany Americans are used to getting the products they want, at any cost. Trade with other countries is a necessity for the United States because of the needs of the American people. Some examples of consumption would be wine, diamonds, gems and vehicles. Another driving force of the global economy is the cost of labor. Imagine the amount of money some companies would have to pay American workers to do the same job as some third world countries. Offshoring has become a major factor in the global economy. Many companies have opened customer service centers in different countries thanks to the savings. Garment companies have moved their manufacturing facilities to other countries due to the cost of labor. Major stores in the United States, such as Wal-Mart, import most of their products from other countries to save money and pass those savings on to the consumer. Capitalism in the United States has recently helped the global economy, the benefits of Americans in the world market are seen in the return of money to the rest of the world
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