The article “A Special Report on Globalization” is mainly about how companies are expanding into the global markets. According to this article, globalization is no longer about companies in the developed countries expanding to emerging countries. Instead, today companies in emerging markets are expanding in the developed countries as well. The article specifically notes globalization in the BRIC countries. While these are only emerging countries, they have come to take a large part of the world market. Moreover, the author notes that non-developed countries, specifically in Sub-Saharan Africa have also entered the global market and are doing well. Big companies are also exploring the markets since they are gradually proving profitable.
While the author does not state an explicit thesis, the intention of the paper is laid bare from the beginning of the paper. The author intends to communicate the impact globalization on various markets. He therefore moves from region to region and from industry to industry while showing the changes that have been acquired as a result of globalization.
The paper engages a few issues that concern the world markets. The world markets are not stagnant and are bound to grow with time. In this regard, some of them have to be watched closely lest they are classified inappropriately. Specifically, the BRIC economies have been growing so rapidly that they could soon be classified as developed countries. Another problem the author engages in the paper is the concept of governance. The governance systems erected in various countries provide differing environments for business. Some are limiting to local and international business while others are enabling. He views the impact of governance on the process of globalization and attempts to look if there could be obtained a lasting solution to the problem.
The author has explored widely in providing this report. He provides primary information in the form of stock reports obtained from stock exchange bourses from around the world. The company also gathers from information obtained international organizations like the World Bank and the IMF. By using the various sources the author gathers, he is able to provide a report an in-depth report that looks widely researched. Specifically, he is able to generate and provide tables and graphs to show levels of growth in various aspects of globalization. He also gets generates a report that is well arranged and presented for easy understanding.
In the end, the report succeeds in presenting the globalization and its impacts on various markets. In doing this, the report also covers other aspects of globalization including the way forward for company executives to engage their company in the process of globalization.
This report could come in handy for any organization that has intentions of expansion. The report borrows widely from specific case studies. By looking at the various aspects of globalization from the various perspectives adopted by different countries, any company would easily tell whether it is ready for the change. In reading this report, I get the feeling that globalization is not an option. However, it is notable that globalization is an aspect that had been initially adopted by countries that have adopted capitalism and that have strong economies. These two aspects could be preliminary measures for any companies that intend to go international. I think globalization is a welcome idea in any country. However, it is important that it is approached carefully especially when expanding.
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