In: Operations Management
What impact has globalization had on you, and your local community?
Globalization -
It is the interaction among people worldwide where technology, products, information, and jobs are spread across the national border. It is the capital expansion that involves the integration of local and national economies into a global market economy. In the last few years, globalization has improved with the help of communication technology.
As for my opinion, globalization has made a great impact on me such as it has improved the transportation facilities, standard of living, improved healthcare facilities as well as improved education facilities due to the global expansion. Many countries get advantages from cross-culture where they could learn different things from different people in different cultures.
Globalization has also impacted the local community such as by providing more affordable goods to people, such as foods and clothing, etc. The labor market has also become flexible which would improve the economy.
Hope this helps :)