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INFLUENCED BY WORLD AS A
GLOBAL VILLAGE
• Resources can be sourced from various countries in order to produce goods and
services more efficiently.
• Efficient global trade allows consumers to have a much larger variety of
products/services to choose from.
• These products/services are made brought to market at much lower prices due to
competitive forces worldwide.
• Consequently, companies are able to procure the necessary input materials and
services at more competitive prices, due to global supply.
• Companies have access to much wider larger multinational markets.
• Peace/understanding, goodwill and cultural alignment is facilitated among
countries that were once vastly different and "at war".
• Opportunities for investment have expanded beyond national borders.
• Import/Export laws have made it easier to sustain optimal global supplies of
essential goods/commodities since countries are now able to focus on their core
competencies and rely on international trade.
• Adverse effects of fluctuations in agricultural productions in one area can be
reduced by pooling production from other areas.
The Disadvantages of our Global Village: