Globalization
concepts have been fully applied in contemporary times
The markets of different countries
have protected their local firms and competing enterprises, to make them stand
on their own capabilities and then when the rightmost moment has been
recognized, have made them open for taking on the foreign firms in the
international markets. The trick of these nations have always benefitted their
own cause, and sooner it has been practiced, the more profits have been
realized from the world market. The Industrial Revolution of 19th
century represents the same trends and scenarios where the English markets in
particular were put to preparatory days and given protection by the nations,
and finally the markets were liberalized to provide the rest of the world with
cheaper products with better quality at ease. This always resulted them with
gaining of more and more profits.
However, the age of globalization,
that necessarily implies the integration of global markets, has benefitted the
cause of different business firms that are strong enough to claim their share
out of the international markets with efficient efforts. The so called
integration of markets has really put down the costs of manufacturing for
business firms, as they ether offshore their business operations or do make
good use of offshore outsourcing to help themselves increase their own profits.
The countries with cheap labor and
highly efficient work force like that of China are now being exploited as sourcing
from China is not a tough task at all. Not even the offshoring services are
required for the business firms to set up plants and manufacturing units in
different countries other than the parent ones. The China outsourcing agents
make sure their clients are always benefitted from their presence in the
market, and there are no losses for them as well.
The import from China is thus not a
big issue as it was earlier, prior to the integration of markets. The
merchants, firms or industries need not extend and expand their manufacturing
units and area under operations physically, but all they have to do is to make
sure a China sourcing company is hired to make them good profits. Thus, imports
from China are now costed low for the enterprises as they keep on hiring the
best China sourcing agent to help their own cause of cost reduction, for the
benefits of integration of markets or globalization have to be used with the
best potential.
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