Is Globalization The Future For A Safer Humanity And World Peace?
POLITICS / K. Venkateshwar Rao 3 OCTOBER 2019 In this age of globalization, big and small organizations are forming strategic alliances and following the policy of mergers and acquisitions to strengthen their position in the business world. Globalization has proved to be a boon for not only organizations that seek to expand their business but also for small organizations that could not withstand the challenges of big organizations or lack finance for their expansion activities. Due to governments’ restriction and protection to domestic industries, multinational organizations are restricted from direct entry in a foreign land. Therefore, they enter into strategic alliances with small organizations and expand their reach, and small organizations enter such alliances to benefit in terms of technology transfer and finance. Thus, globalization is a win-win situation for both small and large companies. Similarly, the global community and superpowers have to ponder over the i...