Has globalization benefited companies and people?

Globalization has definitely benefited companies. Companies can extend their range and reach in terms of markets and production facilities to national, multinational, and international levels.

Companies have benefited due to globalization in terms of increase in the power, profits, and productivity of when they have strategically chosen among many nations for their sources of materials, production facilities, and markets, by quickly adjusting to changing market conditions.

People have benefited due to globalization as it has involved greater openness in the international economy, an integration of markets on a worldwide basis, and a movement toward a borderless world, all of which have yielded an increases in quantity and quality of products and services.