As individual national economies gradually merge into broader regional economies, a trend toward increasing globalization
currently prevails. The increasing movement toward larger and larger trade blocs is especially notable in regions such as
Europe, Asia and the Americas.
As a result many people are left wondering how they can make money in globalization and profit from this ongoing
evolution towards a truly global marketplace.
Accessing a Global Market for Products and Services
One of the greatest benefits of globalization is that businesses and individuals can now tap into the worldwide market for
goods and services that has been gradually building on the Internet since the early 1990’s
Having easy access to this much greater Internet marketplace helps increase competition and lower prices. It also permits
businesses offering a niche products to reach a much wider audience than would ordinarily be available in their physical
Exploiting Import/Export Opportunities
People and companies participating in the import/export business have for many years attempted to profit by purchasing
cheap goods in one country and then selling them at higher prices in another country.
The tend toward globalization accelerates the awareness of prices in foreign markets. As a result,the chances of
identifying profitable import/export opportunities also tend to increase.
Outsourcing to Lower Cost Pools
Another way to make money in globalization involves exploiting the disparities among the costs associated with using
similarly skilled labor pools located in different countries.
For example, a U.S. based computer software company might outsource some of its programming requirement to coders based in
India, where labor prices tend to be lower.
Furthermore , outsourcing manufacturing or customer service activities to low cost foreign labor pools has also become an
increasingly popular way to save or make money in globalization. This trend looks likely to continue until the net cost
advantages of using foreign labor no long exist.