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    Banana Q
    Starbucks has successfully taken advantage of globalization to expand its business across borders. Two key drivers of globalization are increased internet connectivity and improved transportation infrastructure like cargo ships. Globalization offers benefits like economic opportunities from expanded markets, cultural exposure, and improved education about diverse cultures. However, globalization can also concentrate growth among developed countries and large corporations, potentially excluding small local businesses. It may increase the risk of global recessions and cause job losses as work is shifted to lower-cost markets abroad.

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    Starbucks has successfully taken advantage of globalization to expand its business across borders. Two key drivers of globalization are increased internet connectivity and improved transportation infrastructure like cargo ships. Globalization offers benefits like economic opportunities from expanded markets, cultural exposure, and improved education about diverse cultures. However, globalization can also concentrate growth among developed countries and large corporations, potentially excluding small local businesses. It may increase the risk of global recessions and cause job losses as work is shifted to lower-cost markets abroad.

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    Starbucks has successfully taken advantage of globalization to expand its business across borders. Two key drivers of globalization are increased internet connectivity and improved transportation infrastructure like cargo ships. Globalization offers benefits like economic opportunities from expanded markets, cultural exposure, and improved education about diverse cultures. However, globalization can also concentrate growth among developed countries and large corporations, potentially excluding small local businesses. It may increase the risk of global recessions and cause job losses as work is shifted to lower-cost markets abroad.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    107 views2 pages

    Untitled

    Uploaded by

    Banana Q
    Starbucks has successfully taken advantage of globalization to expand its business across borders. Two key drivers of globalization are increased internet connectivity and improved transportation infrastructure like cargo ships. Globalization offers benefits like economic opportunities from expanded markets, cultural exposure, and improved education about diverse cultures. However, globalization can also concentrate growth among developed countries and large corporations, potentially excluding small local businesses. It may increase the risk of global recessions and cause job losses as work is shifted to lower-cost markets abroad.

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    of 2

    Annieza Mae D.

    Amoyo
    BS Bio 22a
    Week 7 Activity 1

    1. What does the experience of Starbucks tell the readers about globalization? 
    Starbucks has been able to take advantage of globalization to their advantage.
    It shows us how necessary it is to remain linked to other countries, which
    globalization has made possible by allowing citizens and products to travel
    freely across borders. Starbucks has surpassed its stigma as a global
    corporation by using complicated accounting rules that enabled them to prosper
    due to lower tax rates in another world.

    2. What are the driving forces behind globalization?


    Globalization is induced by two reasons, one of which is the presence of the
    internet. Globalization has risen dramatically as a consequence of this cause.
    The internet has made cross-border trade of products and services much
    faster, simpler, and more common.The invention of cargo vessels is another
    aspect. This dimension has enhanced and simplified the transportation of
    commodities from one location to another. The cost of transportation has
    decreased, rendering it more cost-effective to ship commodities worldwide.

    3. What are the benefits of globalization?


    Many benefits of a global culture include shrinking the world, widening
    economic prospects, and improving cultural education. Companies would have
    additional business prospects as digital networking improves. Successful
    foreign business cooperation necessitates an understanding of other cultures.
    Modern approaches for educating children about diverse cultures have arisen
    as a result of the emergence of global connectivity. In addition, the world
    economy has had an effect on politics and culture, bringing better trading,
    cross-cultural management, a variety of ideologies, and a recent research
    pattern.

    4. What are the negative of globalization?


    Globalization has a lot of advantages for economies, but it still has a number of
    disadvantages. One of the negatives of globalization is unequal international
    growth. Despite the fact that globalization tends to fuel economic development
    in many nations, the gains are not equally distributed: developed countries
    prosper more than poorer countries. The lack of small companies in the area is
    a disadvantage. Corporations with the resources and assets to handle their
    supply chains or delivery through many countries benefit from globalization
    policies, which can exclude small local companies. A rise in the probability of
    global recessions is considered a disadvantage. The odds of a global recession
    increase dramatically as the economic systems of many countries become
    interconnected. Utilizes lower-cost labour markets is another one. Globalization
    enables enterprises to expand jobs and trade opportunity in developed
    economies, where labor costs are also lower. Lastly, it causes worker loss.
    Globalization does not create more employment; rather, it redistributes jobs by
    shifting labor from high-cost to low-cost countries.

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