Globalization

Globalization, an opportunity for the business


Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Thanks to globalization the business change a lot and new trends appear to generate different forms to obtain clients.


First, it is important to clear that the globalization is not new. For thousands of years, people —and, later, corporations— have been buying and selling to others lands. But policy and technological developments of the past few decades have increase this activity, and the business change a lot, because now all the companies need to adapt to the new tendencies around the world.



Advances in information technology, in particular, have dramatically transformed economic life, this have given all sorts of individual economic actors—consumers, investors, businesses—valuable new tools for identifying and pursue economic opportunities, including faster and more informed analyses of economic trends around the world, easy transfers of assets, and collaboration with the partners.



Companies need to understand that the form to do business change, and if they do not adapt to the new ways, could not compete and will lose their clients. Around the world you can find different entities that cover this issue, for examples: the Business and Industry Advisory Committee (BIAC) of the Organization for Economic Cooperation and Development (OECD), and The International Chamber of Commerce (ICC) calls itself the World Business Organization for promoting international trade, investment and the global market economy system, and rules governing the conduct of business across borders.



Is important that the citizens of all nations understand how globalization works and the policy choices facing them and their societies, and try to take advantage of the opportunities that it offer, maintain contact with many people through social networks or meet such trends around the world are some good examples of new points to consider.