GLOBALIZATION

Globalization can create new opportunities, new ideas and open new markets that an entrepreneur may have not had in their home country. As a result, there are a number of positives associated with globalization. It create great opportunities for firms in less industrialized countries to tap into more and larger markets the world, this can lead to more access to capital flows, technology, human capital, cheaper imports and larger export markets, and it allow business in less industrialized countries to become part of international production networks and supply chains that are the main conduits of trade.