A Case Study on Globalization and International Trade

An advantage of globalization and international trade is that they help multinational companies to experience faster growth and expand their market through exploring potential consumers in other countries (Camelia & Surugiu 132). Consequently, they earn more revenue and increase the economic growth of the country. For example, as a result of globalization, the Samsung group was able to extend its activities in the market through production of screens, microwaves etc. and therefore within a period of 20 years experienced a growth of more than 5700% of revenues (Simonin 1). Therefore, it is able to diversify and provide their customers with more products apart from smartphones. Moreover, benefits that the local community and employees will experience are increased standards of living as a result of higher rates of economic growth and also more jobs are created (Camelia & Surugiu 136).