Migration of human beings Essay Example | Topics and Well Written Essays - 500 words

Migration of human beings - Essay Example International trade is another factor that is seen to be supporting globalization in the world today. When people from different parts of the world are involved in trade, they tend to have a relationship that will go beyond trade. With international trade, specialization of products is realized a country produces what it can best and then distribute it to the rest of the world. This kind of trade really facilitates globalization. Integration of financial market and rapid movement of capital on the other hand supports the concept of globalization. For the case of an international company, it brings about movement of capital and integration of financial market thereby facilitating globalization. In cost globalization divers it entails the factors of production differences in different areas, high product development in some areas, rapidly changing technology, global scale economies and sourcing efficiencies. In government globalization drivers, it entails common market regulations, unrestrictive trade and investment policies and compatible technical standard. When these factors are harmonized in the world, they facilitate globalization. Globalization effects are felt in different perspective depending with the impact it will have as a whole. Inflation effects are felt due to the globalization meaning the monetary policy is greatly affected.