International Business and Globalization

The sign of globalization

The most vivid example is Sussex University. When I walk on campus, I can see many different types of people with different skins, languages, customs. Globalization makes the world smaller.
From the professional angle of economy, there are many internal and external strategies of business operation. For example, E-commerce becomes increasingly popular and common. To be honest, I found online business chains in the UK are more mature than the one in China, which means, I guess, the influence of globalization in Britain is more profound. Because almost every transactions can be operated on the Internet, such as online payment, online booking, online shopping even online register for opening shops. Besides, I think the government of UK advocates to achieve businesses online and it is widely accepted and carried out by corporations. I always discover that I can buy almost every brand of clothes online even much cheaper. However, in China many people still have to drive out to buy things. For instance, my father redecorated his hotel during the summer and according the new law, he had to reregister. Those days, I found he was really busy, because he needed to prepare relevant documents and drive to different places in order to get license. So I think it not only does decrease the efficiency but shows the unsound of E-commerce in China.

The impact of globalization----PetroChina

Oil is a vital source for the world and will likely remain for many decades, even under the growth in alternative energy sources. In 2008, oil provided about 34% of the world's energy needs and it is absolutely expected to continue to provide a leading component of the world's energy mix.
The same, petroleum in China is an indispensable energy and is one of the most important items that government focuses on. Analysis from the angle of economic globalization, China petroleum and chemical industry chain development is not balanced and the main products are still in the structure of domestic general type, low value added and high energy consumption. So to some extent, globalization is a good news, because it is much easier and cheaper to import oil from the Middle East and Africa. On the other hand, it protects Chinese environment as well. Because petroleum is uneven distribution, mainly in northwest of China and the natural environment there is quite vulnerable, so giant oil excavations will cause a disaster. According the report of China Customs, in 2012 China's crude oil imports of about 2.71 tons, grows 6.8% compared to last year's. Analysts predict, "in 2013 China's oil imports will reach 2.85 tons and import dependency may exceed 60%. "

However, just because of this high import dependency, there are some risks. Firstly, once the price or condition of oil suppliers change, it will directly influence the petroleum import and then impact the whole industries in China.
We can see clearly in all three imagines that the figures are all climbing dramatically even with some fluctuations.

In addition, depending too much on external demand to stimulate economic growth is detrimental to adjustment, optimization and upgrading of domestic industrial structure.

Some personal tips

Overal, I think China should import petrol to satisfy its developing demands, after all it is an essential energy for industries, however, it cannot wholly rely on other countries, because it will put China into a passive situation. So exploiting own oil energy is also necessary but must under the guarantee of the domestic petrol resources supply still has some potential.
We can fight for globalization, but we cannot avoid globalization, what we can do are only expanding the merits and minimizing the drawbacks.