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· Less local production

· Loss of domestic jobs - Certain labor-intensive industries (like textile and even parts of the software development industry) tend to shift their production from developed countries to developing countries where wages are lower.

· Not only increases the unemployment rate in the developed countries, but in some cases leads to exploitation of third world workers, in particular, children. In contrast, many economists believe that the loss of domestic jobs is a temporary state, which will be offset by other industries if the barriers of trade are kept low

· Barriers to enter the market

and the primary aspect which can badly influence to business performance.

  • Business may need to wait for long-term gains
  • Modify its product or packaging
  • Develop new promotional material
  • Incur added administrative costs
  • Wait long for payments
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Q: What are the problems with global business?
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