The latter
The latter is a strategic approach that lots of companies take to attract more customers into the venture. Suppose a country’s economy selects a decrease in the pricing of products. In that case, many immigrants might nitrate to the region to experience the factors behind getting cheaper life in relative to paying rent and buying the products that are much needed at the homestead. Price depreciation also leads to an increase in the number of distributions of products a company would experience. If many distributors realize the cheap commodities and prices that the regionalities have, they would eye tually nitrate lore into the region and enjoy the benefits of the products’ injected prices. With time, the community will be significantly diverted, and the companies would experience not sales and profits overall. An attraction to hit these products by the countries will be realized in return. America’s united states is a notorious continent that has been known historically to have nonet with immense value and an amass products preference, creating the margin and availability of cheap products. Inmigrants could therefore save a lot of nonet with a discount to be used later for other purposes. This marker’s penetration vaslevts is still set to affect the global community in tears to file, apart from it being a good factor that influencers globalization today.
According to Dickens, teen globalization is significantly dependant on how the countries mean globalization (Dickens, 2011). Many countries define their globalization from the market strategies that have well-been plans and adopted through the development of markets. Market development involves expanding new markets, inclusive of the foreign marys relative to producing unique products in the market. For instance, individual products’ production is likely to influence customers into buying the product and create an urge to acquire a particular product by the locality. A lot of consumers have responded somewhat positively when exposed to new developments in the market. The china market is an excellent example of a call that overs significant diversification of unique products that mesmerize the foreign markets into buying more products(Taylor, n.d). Most Chinese people are Hoka-oriented with a rich culture that believes in Investment and the accumulation of money as a valuable commodity. Therefore, many Chinese have invented their technological brands and fashion that has well been appreciated by the outside world. Despite the United States of America showing a rather accumulation of immigrants, the Chinese has changed this narrative by injecting a culture of immigrants that travel to China mainly for revenue enhancement. The models and variations of unique products from china that are relatively cheaper in the whole world make distributors attracted to the locality hence enable a lot of globalization with a positive impact on the China continent. The China people’s market development strategies have led many people to flock into the China world, hence incrementing globalization in china. The future world of globalization is yet to be influenced if the markets adapt to new products as experienced in china.
Diversification and product development go in handy by the Ansoff matrix.
This calls for knowledge of cultural preferences and diversification that govern the various localities and regions in the market area(Mooney, 2018). Diversification has led to multiple positivity and negativity about globalization. The positivity that diversification has impacted the world community includes a relative accumulation in companies’ profit. In a mostly diverse community, there is a possibility of finding many consumers who have vase preferences that would fit them in buying different products from the available companies(Grant, 2016). However, because of this diversification, products need to be vincent with the issues surrounding product enhancement and promotion. If a company fails to be culturally councilors, it is less likely to attract the consumers, eventually contributing to the company’s accumulation of significant profits. Apart from the company analogy, if countries fail to be conscious and respectable of cultures that govern the lives of the diverse community, they may experience a fluctuation in the number of profits they could accumulate and the overall increment of revenues. A good example of such culturally insensitive countries is Russia and Saudi Arabia. Both of these countries have dwelt in individualism in an address to issues about other races and nations. In return, these countries have experienced a relatively slow process in revenue accumulation. They cannot handle the pressure they get into their labor sector due to being developed countries that would result in more considerable Investment. Product development calls for extensive research is what products fit into the market and are healthy for human consumption. The case of global health is addressed by product development, prompting a lot of countries to sign environmental acts and peace accord that would result in a better ecosystem (n). Relatively, globalization is deemed to happen more in countries that are well healthy in terms of production of products and consumption of healthy food choices with leads risks of contracting diseases. Covid-19 is an example of the health issues of 2020/2021 that have affected the global community globalization. Despite the uncertainty that the future holds, most countries have formulated schemes that would evade this rather severe disease that still influences the country in a bit such a positive way (n). It will not be correct to predict other future of globalization with covid -19 in mind; however, countries have adjusted in ways that they could still communicate, sell product and migrate in a safer way that would not be exposed then to the risk of contracting covid-19(UNWTO, 2011) While this move has shown a relative success globally, there is no foretelling how the coronavirus wave will diverse in the future. Bill gates predicted how coronavirus would impact the world’s face and change the patterns of strategic development, in concern to how the global community-generated it’s revenues(n). While this is entirely true to date, the future can still be bright in the context of globalization of the safety measures andheris behind medicine research find for a cure for covid 19. If such happens, globalization would bring essential profits in the supply chain of the world community.
Neo-liberalist and pro-globalists arguments differ when it comes to the globalization concept. For instance, for the neo-liberalist, an essential move needs to be taken by the world communities if at all they care about a positive impact on globalization in the future. For the neo-liberalist, companies should aim at lowering their trading business, eliminating price controls and frequent regulation of the capital markets. These whole aspects call for market orientation policies that would overturn the face of globalization in the world community (n). For the neo-liberalist, it is a great essentiality that the world community think revenue prior to any decision that would be taken by the community. For instance, it is of great essentiality z that the world community work through to a realize a general increment in the profit accumulation and company products that drive the globalization concept. Dickens gave the room for hello alization definition, which is evident that for the neo-liberalist, the acquisition of money is termed to be a key drive into the globalization of a community. As mentioned above, neo-liberalist believe in the essential lowering if the price in control of the stock market. A relative attention should be given by the world communities onto the acquisition of great products and resources that would in turn help the global community into skyriseing to success(n). The neo-liberalist community offers the aspect of gaining more money and influencing the other communities into merging in one community to deliver the greater good to the world. This can be evident in the way that the United States of America is handling their business and the position of their stocks market today. Notoriously, the United States of America has been able to maintain a superpower position in the world, thanks to the currency and it’s competence on the reduction of price and the stock market (Blotcher et al, 2010). The United States is a living proof that the glovization can be impacted positively due to the way that the country has structured itself into the thought of acquisition of materials that would have them settle for more immigrants who still attests to the success that globalization had brought (Agarwal et al, 2009). On the other hand, the pro-globalists argue that globalization can be increased if the world chooses to settle schemes of open communication, restriction of immigrants and encouragement of trade between the world nations(Levinthal, 2017) would positively impact globalization.The pro-globalists style to arbitration as a way to increase the globalization states and association of the community. Aspects such as formation of arms that govern the trade among nations like the World Trade Organization, and peaceful arms like the United Nations are what the pro-globalists focus into making peace so that globalization could be realized, that would in turn bridge in the gap of negative impacts that globalization has ultimately led to. Evidence is valid from the pro-globalists arguments , since a lot of countries have secured themselves off wars and conflicts that could have affected them due to the mentioned arms of arbitration. Globalization has them been improved based off the resolution that were seted by these arms to the different countries, in example of the United States of America and China (Gorman, n.d). In my opinion, though, for globalization to be fully realized, the gap between the pro-globalists and neo-liberalist should be narrowed to contribute the General goodness that globalization impacts the world with. Both aspects are important in the case of the globalization debate and could generally enhance the outcomes experienced by the world community.
Another debate arises, that between the totalists and the non-totalist in relation to the globalization. While all of these individualistic debate settles at a standard ethnocentric approach that should be adopted when implementing a global strategy, the two thoughts differ when addressing globalization. The totalists swear that for globalization to be realized , there must be a strictly followed sustainable adaptation that should be embraced by the world community into the globalization aspects. Totalists believe in strategic planning and culture that has influenced the world nations into globalization. These include the maintenance and adoption of policies that the superpower countries have formulated over the course of the years a thorough actions towards these aspects. While I endorse the totalists thinking, I would like to differentiate with them based on the change of sclociety thinking and activities that are still influencing the county, especially at the face of the coronavirus period. There is still great tension and uncertainty that the global holds in ration to improving globalization, if one was to follow a totalists view of the globalization state. With the state of coronavirus pandemic , a totalists view is null and void. The non-totalist think otherwise, by stating that new adjustments into the new world so as to yield great fruits of globalization. Zuckerberg and Brandon, the CEO of Facebook and Virgin are some example of non-totalist who believe in fitting the world into a new dimension.
Conclusion
The face of globalization can be changed if the world readily adapts to what the future has in the context of accumulating revenue and associations between the world community. Adaptative strategies needs to be emulated by countries to ensure a positive impact through globalization. Countries should think over what aspects and implementation may enable them to grow their economies positively. Through key consideration of the aspect mentioned in the paper, the future will change of countries globally in realization of revenues accumulated.
References