Globalization provides numerous advantages to businesses and consumers around the world. At the same time, some critics believe that globalization is harming various aspects of life and commerce. De-globalization would induce a significant qualitative shift in strategies, structures, and behaviours observable in international business (IB) (Witt, 2019). Analyse Week 3 reading, Witt (2019), and discuss: How do the shifts between globalization and deglobalization affect the Australian SMEs’ internationalisation in the next five years? (5 Marks) How does the COVID-19 pandemic change the future of globalization for an Australian vegan SME? (5 Marks) Reference Witt, M. A. (2019). De-globalization: Theories, predictions, and opportunities for international business research. Journal of International Business Studies, 50 (7), 1053-1077.
