As a result of globalization and international trade policies, people from all around the world can take advantage of the same market. Whether it is a positive or negative phenomenon is said to be an issue of broad interest. It is conceivable that the advantages outweigh the disadvantages.
Globalization does open doors for countries and individuals to establish and grow their business in a thriving and productive way. For instance, running a new factory requires particular industrial machines, plants and instruments which are produced by specialized international manufacturers. This industrial purpose, which has potential positive effects on economic advancement of a country, couldn’t be achieved but with importing foreign equipment. In addition to the consumer, this helps the provider companies to extend their business and expand their branches all over the world. Moreover, all individuals have the right to access to any brand they need to advance their profession. An avid athlete, for example, needs specialized gears, outfits, clothes, and etc. which are not produced by ordinary brands. The future expected success cannot be achieved without access to the professional requirements.
In contrast, many claim that open trade rules would implicate protectionism and local businesses, as the trade barriers should be set in order to bound or reduce it. The logical argument could be that less-developed countries don’t have enough facilities to produce top-quality materials in some regions, hence the import and global trades are highly required. Besides, in more-developed countries with feasibility of high-quality production, the context is provided for those who prefer national brands, affordable prices, and immediate purchases instead of the foreign ones. Furthermore, the globalization causes local companies to enhance the quality and upgrade the goods and services in competition with overseas producers which leads to economic growth, prosperity and independence of not only the company but also the whole country.
To sum up, it is conceivable that globalization is of immense benefit mainly on account of providing a context in which both consumer and manufacturer can take advantage of it and improve their business and profession.