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STEP 4 MAKE AN OUTLINE

Globalization is a new movement that has revolutionized Ecuador, can be the most powerful

form of action the government can take. It has some positive and negative characteristics that
affect many different aspects of the economy and business development.

I. Globalization has some positive effects for some companies

A. Lower operating costs, to gain greater numbers of products, services and

consumers.
B. Spreading interests in different areas, taking advantage of market

opportunities, and acquiring companies
C. Generate a stable economy

II. Globalization negatively affects entrepreneurs.
A. Many companies are forced to lower the costs of their products due to high

demand

B. They must work more hours in exchange for a very low salary

C. All time they must be alert due to competitiveness

STEP 5 ESSAY

Almost all my family lives in Ecuador, a tourist country since 1992 and with a wide

range of cultures. Globalization in Ecuador began in 1884 with the production and export of
the cocoa boom. This has some positive and negative characteristics that affect many

different aspects of the economy and business development. {BACKGROUND

INTRODUCTION}

One of the effects of globalization in Ecuador is positive. Ecuador is a country where
the market can be exploited at its highest level, the low conditions, and vision of a highly

globalized sector where technologies can improve production and marketing quality. Oil
represents a high percentage of exports and contributions for a positively high trade balance.

Once the company gives out the products created through its sales markets, it receives in