Countries are becoming more and more similar because people are able to buy the same products anywhere in the world. Is it positive or negative developments?
Nowadays, we can find many of the same products all over the world. These developments in international markets could be positive for producers and customers both. For instance a larger market and more choices in respectively. But conversely, it could be treacherous for local producers and their stuff. Positive and negative effects are mentioned in the text below.
First of all, accessing the same product everywhere can raise the power of customers in finding their ideal objects. International brands which are well-known for people are more trustable than many of the local products. Moreover, this accessibility can increase the competition between merchants and the quality of products. Followed by, customers can gain more benefit in this situation.
In contrast, followed by low quality in some of the local stocks, they can not combat with foreign traders and they have to give up in most of the times. That means companies will close one after another and we can observe a surge of unemployment in society. Another point about this downside is that having the same product everywhere could restrict the diversity of categories for purchasers.
Consequently, both negative and positive could have impact effect on society and industry. By developments of technology and IT in last two decades, it seems that we can not stop this trend of selling the tools, so governments should adopt an approach to help the industry to survive and find a way to sell their products in local and overseas.