Globalization is the process of integrating products and ideas internationally benefiting small and large businesses. With modern technology and the expansion of the Internet, more businesses have the ability to compete in an international market that was once only an option for large established firms. (1 Premise)The international marketplace opens the door for lower cost labor with the expansion of product lines to customers all over the world. (2 Premise) Globalization can also promote the U.S. economy (2 Conclusion) as revenues earned internationally often return to the U.S. to be invested domestically. However, globalization is not well accepted by all. (3 Premise) The trade deficit is a concern for some, (3 Conclusion) as the deficit increases; this can directly affect the strength of the U.S. dollar. (1 Conclusion) All in all globalization continues to drive businesses to reinvent themselves to compete in an aggressive market. (1 Premise) The internet has opened the door to all businesses to communicate, monitor, and manage a business in foreign countries. According to an article in the Houston Chronicle, “The Internet revolutionized the business arena because it created a whole new virtual marketplace that expands beyond physical and geographical boundaries” (Kokemuller). (2 Premise) The technologies available make operating in an open market possible for cheaper distribution processes. (2 Conclusion) These cost savings can be applied to expand the business by adding additional product lines, marketing, or raise shareholders return on investment. (1 Conclusion) The internet has been the key to sustaining profitable businesses in a very competitive market. Globalization creates intense competition in the marketplace. (1
