GLOBALIZATION AND ITS IMPACT ON BUSINESS
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This article examines globalization and its impact on business. Globalization integrates markets through trade, investment, technology diffusion, and international division of labor, creating opportunities such as market expansion, cost optimization, innovation, and cross-border partnerships, while also increasing risks related to supply-chain disruptions, geopolitical constraints, and regulatory and currency volatility. The paper highlights the role of global value chains, trends in international trade and foreign direct investment, the acceleration of digitalization, and the growing focus on resilience and (re)regionalization. The conclusion summarizes practical implications for firms seeking sustainable competitiveness under globalization.
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2. If you want, I can also format it to a “journal style” (Introduction–Discussion–Conclusion) and expand it with Uzbekistan-specific examples (export sectors, FDI policy instruments, logistics corridors, and digital trade cases).
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