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Big business can unite the world

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Why you can trust SCMP

Ever since the world economy began to open up, there have been supporters and critics of globalisation. This is the process by which businesses and other organisations gain influence abroad, or operate on an international scale.

Critics have said globalisation widens the gap between the 'haves' and 'have-nots', the rich and the poor. But globalisation takes away trade barriers and opens up the markets to everyone.

Besides the obvious benefits to the global markets and economies, we'll look at other sectors that have benefitted from globalisation.

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Globalisation has allowed big corporations to do more business all over the world and remove trade barriers. Companies can choose who they want to work with.

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One example of this is that coffee producers, such as Starbucks and Nestle, can purchase raw materials, including coffee beans, directly from the growers themselves. This practice of buying fair-trade coffee offers the growers a better, guaranteed minimum price for their products.

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