00:01
What forces drive globalization? is the interaction of these forces amicable or combative? globalization is driven by various new developments and gradual changes in the world economy.
00:13
Generally, organizations go global for expanding their markets and increasing their sales and profits.
00:19
So in other words, they want to make more money.
00:23
One of the major forces of globalization is the expansion of communication systems.
00:27
By making it easier to communicate, we make globalization.
00:31
More possible.
00:34
What is the most evident positive aspect of globalization? globalization allows companies to find lower cost ways to produce their products.
00:42
This is good for us as consumers because it means that we can spend less money on goods.
00:47
If they're making them cheaper, they can sell them cheaper, we can buy them cheaper, and we save money and we as people like that.
00:55
It also increases global competition, which drives prices down and creates a larger variety of choices for consumers.
01:01
So we like lower prices and we like more choices.
01:05
Lower costs help people in both developing and already developed countries live better on less money.
01:11
So this is good, not just for developed countries, as pointed out here.
01:15
In developed countries, yeah, we like to save money and we like more choices, but this is good for developing countries as well where they don't have as much money and don't make as much money so their per capita income is lower.
01:29
They can buy more with less...