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Essay on ‘To Globalize or Localize, that is the question’
Opponents of globalization often point to its negative effects on local communities. To avoid a clash between global economic interests and local political interests, businesses must know how to be responsive to the needs of the communities in which they operate even as they globalize. (Kanter, 2003) Kanter’s examination of thirty seven companies operating in more than fifteen countries showed that, in the older, industrial economy, place mattered to companies because it gives them control over the means of production: capital, labor, and materials, and access to transportation centers that minimized the cost of moving products from one location to another.
