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Globalization is the process by which states become interdependent on each other on all
spheres of life. It is a process where countries go global by adapting universal
characteristics involving human race. It is therefore the process of uniting people of the
world into one unit with universal characteristics. This characteristics include; systems of
education, politics, democracy, economy among many others. Through globalization
economies, civilizations and societies become integrated into a globalised arrangement of
political ideas.
This multinationals also are responsible for employing a large number of individuals
from the investor states therefore reducing high levels of unemployment in this
developing countries.
Globalization leads to high investment levels and therefore increased wealth. Wealth is
generated through economic gains of globalization.
The gains have increased access healthcare and water. This consequently has a direct
effect to life expectancy levels. Research conducted reveals that more than eighty-five
per cent of the population is expected to live for almost sixty-eight years and above. This
therefore demonstrates that globalization has a direct effect on access to healthcare and
stressing the need to access healthcare services
Lower Marketing Costs: If you are to consider the lump-some cost, then, yes, it is high,
but the same cost goes even higher if the company has to market a product differently in
every country that it is selling.
Global Scope: Scope of this kind of marketing is so large that it becomes a unique
experience.
Brand image Consistency: Global marketing allows you to have a consistent image in
every region that you choose to market.
Quick and Efficient Use of Ideas: A global entity is able to use a marketing idea and
mold it into a strategy to implement on a global scale.
Uniformity in Marketing Practices: A global entity can keep some degree of uniformity
in marketing throughout the world.
DISADVANTAGES OF GLOBALISATION