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  Published Paper Details:

  Paper Title

GLOBALIZATION'S IMPACT ON COMMERCE: OPPORTUNITIES AND CHALLENGES

  Authors

  Dr J Rama Devi

  Keywords

Keywords: Globalization, International commerce, Global trade, Economic integration, Market diversification, Technological innovation, foreign investment, Supply chain disruptions, Environmental sustainability, Sustainable globalization, Economic development, Global business strategy

  Abstract


ABSTRACT Globalization has emerged as a transformative force in the contemporary economic landscape, profoundly influencing the nature and scope of commerce and trade across international borders. By enabling the free flow of goods, services, information, technology, and capital, globalization has facilitated the integration of national economies into a cohesive global market. This interconnectedness has opened up vast opportunities for business expansion, market diversification, cost optimization, and technological innovation. Through increased access to global markets, businesses--particularly in developing economies--are now positioned to enhance productivity, attract foreign investment, and compete on an international scale. This article presents a comprehensive examination of the opportunities and challenges posed by globalization in the domain of commerce. By analyzing both the positive and negative ramifications, the study provides actionable insights into how businesses, policymakers, and global stakeholders can strategically respond to globalization's impacts. Key recommendations include fostering inclusive growth, enhancing regulatory frameworks, promoting ethical trade practices, and building resilient commercial infrastructures. The article aims to contribute to the broader discourse on sustainable globalization and its implications for international commerce, economic development, and global business strategy.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT25A6263

  Paper ID - 289523

  Page Number(s) - k840-k846

  Pubished in - Volume 13 | Issue 6 | June 2025

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Dr J Rama Devi,   "GLOBALIZATION'S IMPACT ON COMMERCE: OPPORTUNITIES AND CHALLENGES", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.13, Issue 6, pp.k840-k846, June 2025, Available at :http://www.ijcrt.org/papers/IJCRT25A6263.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


ISSN
ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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