Are U.S. markets becoming more or less competitive because of globalization?
Globalization
Globalization refers to how the interdependence amongst people from different communities keeps on growing. Globalization is mainly driven by the building of good business correlation when it comes to trading, be it from countries from the same continent or different continents. Countries have come up with strategies that help in growing the world economy at large.
Answer to the Question
Globalization has had an impact on the U.S. markets. As the world keeps on becoming one small globe, business competition keeps on rising more and more. The same applies to the U.S. markets. They had become more and more competitive as compared to the era before globalization kicked in. This is because people have a vast connection to different other countries on different continents where they can be able to grow and expand their businesses too. Therefore, the market has grown to be competitive as everyone is trying to serve the niche in the market by either acquiring or supplying quality products at a favorable price.