Impact of globalization on the cultural environment of business China Essay

Impact of world(a)ization on the cultural environment of patronage China - Essay ExampleChinas economy has shifted from being developing to being the 4th largest economy in the world. This is attributed to the high capital flows across its borders and hence, globalization. Globalization has had substantive impact on the dividing line environment in Chinese organizations. The following paper critic aloney investigates and analyses globalizations impact on the cultural business environment in Chinese organizations.Globalization is viewed differently by economists and business intimationers. harmonise to Lui, Anti-globalists views capitalize on the cons of this phenomenon which include employment insecurity associated by production shifts. Another major minus of globalization is pay cuts due to increased competition associated to opening up local markets to global competition. Lastly, global companies are associated with social injustices in their business practices and unfair work ing conditions such as slavery and mismanagement of the environment. Pro-globalists maintain a strong view that globalization lead to higher standards of living. They argue that competitive markets lead to more efficiency in resource utilization, elimination of monopoly markets and how it promotes democracy all over the world. To understand what cabbage impact globalization has, it is vital to appreciate that globalization refers to a process based on the defining of a single market of goods, services and factors of productions, including capital, labor, technology and natural resources, covering all the economic regions of all countries. The two main aspects which led to the sudden transformation were sophistication in information technology cogitation and innovation of internet. In this process, national and international markets are combined in to a single interwoven whole. In the world economy, globalization lead to an increased dependency on different