Assignment 2

Nowadays, the definition of Globalization has changed insofar as businesses occur in two directions, between the developping and the developped countries, and also within these latter. That is why it is said that business is now "competing with everyone from everywhere for everything." In fact, new companies from emerging countries are now competing against rich countries. Even though several countries are involved in the concept of Globalization, cultural differences are respected in each coutries. However, the rise of food and oil prices may have a negative effect on the emerging economies. In fact, the increase of their economic power might slow down due to the increase of these prices.
The new globalisation, or merely Globality, has several advantages for industrial and emerging companies. This free market economy involved the concept of protectionism within the companies. These latter are protected from any change or inequality in power.
Nevertheless, both "rich" and "poor" countries are benefiting from this concept of Globality insofar as emerging countries are more and more influencing other countries, which leads to a high benefit for both sides.