About the book
Globalization (sometimes, internationalization) is defined as the close integration of countries and peoples of the world. The idea of globalization is now frequently heard and debated. Those who support globalization in favor of its contributions to advanced economic growth and higher standards of living, increased technology sharing, and more extensive cultural integration. Critics argue that globalization undermines wages in rich countries, exploits workers in poor countries, grants multi-national enterprises too much privilege, and worsen environmental pollution. In spite of these critics, it is no doubt that globalization not only helps to share technology and knowledge, but also facilitates to convey modern concepts and ideas. In the business world, when a firm sets the corporate goal to grow, it is no doubt that a firm can benefit from globalization from many aspects. The firm can not only sell their products and services to foreign markets, but also employ international resources, such as know-how/technology, production/management, and human resources. However, globalization does not come in all the positive ways. Some critiques contend that globalization may lessen a nation’s sovereign, damage domestic employment, and lose traditional culture/values. Since globalization undoubtedly affects human mindsets, value systems, and business practices, this project aims to explore the impacts of globalization on modern businesses.