132k views
4 votes
_______ is FALSE regarding growth in the global business environment

1 Answer

2 votes

Final answer:

Statements that portray globalization and technology purely as beneficial forces in the global business environment are false. Critics highlight negative impacts like environmental damage, weakening local economies, and strained labor movements, especially in least developed countries.

Step-by-step explanation:

False statements regarding growth in the global business environment can often relate to misconceptions about the universal benefits and impacts of globalization and technology. While it's true that globalization and advancements in communications and information technology have increased the competition for many firms globally, this has not been beneficial for all parties involved. In fact, some critics oppose globalization for its negative impacts on the environment, local economies, and labor movements. Universal generalizations such as businesses always growing by reinvestment, positive outcomes from mergers, and multinationals solely introducing opportunities can overlook the complex reality of global business dynamics.

Specific examples of contradiction to these generalizations include the difficulties faced by least developed countries (LDCs) as a result of globalization. LDCs often lack the infrastructure to be competitive in a globalized market, making them vulnerable to issues such as international price volatility and unfavorable weather conditions. Additionally, while businesses can indeed grow by reinvesting profits, entering new markets through mergers and expansions, this growth can sometimes be at the expense of local economies and the environment.

It's essential to consider both sides of the argument and the multifaceted effects of globalization, particularly when discussing the comprehensiveness of growth in the global business environment.

User Jscul
by
7.9k points