Globalization and its Effects on International Business Operations

Abstract

Globalization, the increasing interconnectedness of economies and societies around the world, has had a profound impact on international business operations. This article explores the key effects of globalization on businesses, including increased market opportunities, intensified competition, complex supply chains, the need for cultural sensitivity, and adaptation to diverse legal and regulatory environments. The article also discusses the challenges and opportunities presented by emerging trends such as digitalization and regional economic integration.