International Competitiveness politics and
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...... Certain experts in the field consider globalization as the process of increasing social and cultural interconnectedness, political interdependence, and economic, financial and market integration (Thoumrungroje, 2007). These are the main effects of globalization at the macro level
But in the case of companies and firms things are clearer. Overall, globalization is thought to improve businesses performance. One of the most prominent effects of globalization is represented by outsourcing. More and more companies apply outsourcing strategies to their business. This has further positive effects for all the parties involved. The company that uses outsourcing is able to reduce its costs. The customers further benefit from reduced prices due to reduced production costs. Also, outsourcing regions like China, India, or certain countries in Africa are helped to develop themselves through the investments made by outsourcing companies......
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