Please I need help with this On balance, do you think Globalization, in particul
ID: 426690 • Letter: P
Question
Please I need help with this
On balance, do you think Globalization, in particular globalization of production, is a good thing or a bad thing for the American economy?
To present your arguments properly, lets provide an example of a Apples or Samsungs whose product is a good example of globalization and to explain your reasoning by considering the different stakeholders involved, for example,
- the benefits to the company of outsourcing the production and/or assembly of its product or products to a foreign country
- the potential costs and risks to the company,
- in addition to the company, who else benefits from the decision of the management of the company to outsource the production/assembly,
- and who are the potential losers here,
Explanation / Answer
Globalization means maintaining relationship with other countries word- wide. It is good for country like China but may not good for country like America because it outsourcing manufacturing from China and jobs in service industry from India, based on these aspects, it lossed its economy. For suppose people are not getting employment because companies recruit people from India at lower payments. It badly affect on economy.
2. Apple is good example of globalisation because it currently outsourcing many services from different countries
3. Outsourcing means hiring another company to handle the business activities of one company. If company outsourcing production, it can reduce time. It can produce qualitative products, it can reduce production cost. It can reduce cost and risk in the business
Potential lossers are companies who adjusting in the current country and sometimes company which outsourcing may be face losses, example America outsourcing manufacturing from China, when China fix higher prices for their services, America face huge losses