“Thanks to The Global Financial Crisis, the Concept of Global Business has Past. Businesses in Our Country Should Now Focus on Regional Opportunities."
Thanks to the global financial crisis, the concept of global business is past. Businesses in our country should now focus on regional opportunities . Given the current economic environment, this essay aims to disseminate the arguments both for and against this statement. Since the day, liberalization and globalization came into being, doing business as in more than just the local country has been the trend. Local businesses have been fascinated of opening operations across the globe to benefit from the globalization. However, as the recent recession crept into one region, it spread to all the parts of the world due to this globalization only. Now, when the world has come out of the recession it is facing a tough challenge of growth momentum and it is here that this topic plays an important role. It does not always happen that a business flourishes just on the basis of regional opportunities (Hill, 2004). A balanced dependency on exports should also be...