As a student, living in the Philippines considered to be part of the global South, how are you going to compete and survive the challenges of Globalization?
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As a student, living in the Philippines considered to be part of the global South, how are you going to compete and survive the challenges of Globalization?
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Before discussing the benefits and challenges of globalization, it’s essential to have a strong understanding of what the term means.
The official definition of “globalization” is the process by which businesses or other organizations develop international influence or start operating on an international scale.
More simply, globalization refers to an open flow of information, technology, and goods among countries and consumers. This openness occurs through various relationships, from business, geopolitics, and technology to travel, culture, and media.
Because the world is already so connected, most people don’t notice globalization at work every single day. But the world is getting smaller, and companies need to understand what this means for the future of doing business. Companies that don’t embrace globalization risk losing a competitive advantage, which allows other businesses to take over new opportunities in the global marketplace.
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