.Globalization refers to the reduction of barriers to trade andinvestment,
which is facilitating the internationalization of countless firms.Globalization
is quickening and affecting firms around the world. However, it’s also
associated with various issues and challenges that confront firms asthey
undertake international business. Among the major issues are thecondition
of the global economy; indebtedness of national governments; powershifts
to emerging markets; and country risk in the developing economies.
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