The Future Businesses and Globalization

Globalization is the increasing integration of economies and societies around the world, eliminating international boundaries particularly through trade and the flow of ideas and people, the transfer of culture and technology. One great example of globalization is the transformation of the physical and cultural geography of the city of Bangalore. It made the city turns into a data center city, where all customer services of foreign companies are outsourcing to this garden city. The high jobs availability created by globalization in this city allows people to work at flexible hours at night and gain an extra source of income that enables them to have a trendy life style like in North America. Globalization connects the world together with advance technologies (internet). It benefits corporations and consumers by yielding cheap labor and lower prices. On the other hand, some people fear the following negative effects of globalization: selling of drugs, exploitation of labor, and pollutions, and terrorism. International connections create a demand for drugs, companies use child labor in foreign countries to cut back on cost, factories in foreign countries produce cheap goods without environmental awareness, and terrorists take advantage of fast internet data technology to plan their attack. These people believe that globalization will create an open policy that makes it easier for people to do illegal activities. Globalization is a phenomenon that yields more benefits than problems, but the problems that arise from globalization could be controlled through development of better international policies. Globalization has already occurred and it is here to stay; therefore, governments of different countries should gather together to work out guidelines that will help future transactions and eliminate the problems.