The recent two decades have proven to be one of the rather significant development periods in commerce. Innovations such as World Wide Web, eCommerce, electronic innovations in hardware as well as software, combined with geo political concept duplication and development such as European Union, fall of Soviet Union, conflict in Middle East, have all contributed to a new dawn in commercial thinking and applications.
Essentially the global competition is based on the availability of even minor players such as local producers to interact and offer services and products to potential buyers. The opportunity of participation has created a more competitive environment in which virtually all those participants, regardless of their size, may receive equal access to markets which otherwise would be reserved for those industry giants with extensive budgets and connections.
Yet there may also be disadvantages to such global competition because of local available resources at lower cost which may skew domestic competition. But equally it may offer the competitors a plainer field. It is not to say that individual and specific situation may illustrate stronger arguments for and against global competition, however, the widening of possible accessible markets in combination with an increased quantity in diversified vendors, makes for a strong positive argument for global competition
The most obvious flaw in assuming that global competition is only beneficial to leading competitors is within the argument itself – it is not logical to assume that leading competitors are the most suited vendors for all situations and markets. Global competition creates inherent additional factors that have to be taken into consideration. Those factors include local and national legal considerations, social and cultural setting, language issues, economic and national interests as well as geopolitical and geo financial impact of particular leading vendor in comparison to alternative and even smaller less known vendors.
Ultimately, it is vital to consider global competition the natural evolution of commerce related inter governmental and non governmental organizations. Just as in any other field including medicine, telecommunication, and politics, commerce has been evolving to include untouched potential markets in terms of service and product provider as well as buyers. Hence, global competition should be considered as a beneficial to all participants, whereby individual situation, cases as well as political and national interest, may challenge the benefits in specific cases.
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