Globalization and Natural Disasters: An

The increased global exchange of merchandise, services, and capital is a key characteristic of the contemporary business environment. International firms position themselves to gain competitive advantage from opportunities offered in this larger and more open economic system. Similarly, governments reap rewards from firms that establish operations within their borders. There are strong arguments in favor of international trade, foreign direct investment, and globalization since they often promote economic growth. Though there can be significant variance in growth in developing countries, it is recognized that some economic trade and activities are more beneficial than others. Developing countries, therefore, must position themselves to take advantage of opportunities in the global market.