IB International business Essay Example | Topics and Well Written Essays - 250 words

IB International business - Essay ExampleFinally, the competition arising from globalisation encourages creativity and innovation, in addition to holding commodity prices, and services in check (Stief 5).However, just like everything else, globalization comes with its demerits. Firstly, the interaction of different world cultures haseventuallybegun to meld, thus fading theidentityof each. The warrant negative effect is that while outsourcing provides job opportunities to people in one country, it takes away those opportunities from another country thus leaving most of the population jobless. Finally, globalization has increased the chances of spreading highly contagious diseases worldwide, and it might be animmensechallenge tostopthe spread (Stief 6).Globalization also hasvariouseffects on developing countries such as Honduras, a country rich in natural resources, but like most third world countries, only the pixilated and foreign corporations benefit from this wealth, not the po or.The first effect is that third world countries can nowimprovetheireconomicperformanceand their living standards as much money gets channelled to these countries.Secondly, developing countries have theprivilegeto enjoy the benefits of highly developed technology available in the market without having todevelopthem. Finally, the opening up of mass barriers has made it possible for developing countries totaketheir local resources to the global market (Stief