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Homework answers / question archive / Write a 2000 word paper answering; Opportunities for currency exchange as well as mediums of communication have developed from the introduction of the internet

Write a 2000 word paper answering; Opportunities for currency exchange as well as mediums of communication have developed from the introduction of the internet

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Write a 2000 word paper answering; Opportunities for currency exchange as well as mediums of communication have developed from the introduction of the internet. More people can make international visits without any hazards and take advantage of currency exchange. Enterprises can communicate well through the development of systems of communication and office automation. There are more advantages than disadvantages of globalization. It has shown a positive trend of development to date. Globalization will most certainly bring in bright changes in the world and make it more powerful in the near future. The assignment here highlights all these points in a comprehensive manner so that the idea of this business assignment can be translated in a more appropriate way.

Globalization has become an inevitable part of the world economy. This can be stated from trades that take place between various countries in different parts of the world. From past evidence, it can be easily understood that the global economy was existent from a long period of time. Explorers had to face various risks to conquer new places and resources found there. New age or era seemed to emerge from the imperialism of the 19th century (Gibbert and Durand, 2006). Globalization contributed to building an era, where different nations directly competed with each other. A lot of changes took place, encompassing the development of the underwater cables of telephone, steamships that are iron-hulled and screw is driven, radio, satellite technology and the most vital of all is the internet. These technologies have proved to be helpful as the process of communication became easier and faster for the whole world. It was available at any time and from anywhere. In organizations, the introduction of the production line and association of the same with scientific management enabled mass production (Hakansson and Waluszewski, 2007). As a result of this, manufacturing levels of the third world companies became cheaper than the first world ones. Ownership and investment became quite a global phenomenon. Knowledge has led to the beginning of several new industries and forced traditional industries to disappear (Chen, 2013).

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