*The Debatewise Blog
And I get up…
Today's globalisation blog comes from Ricardo Andrés López Suárez from ColombiaI live in a city at east of Colombia. It’s not so big but also not so small. I’m only 20 years old, so I have grown up with new stuff each day. In my Country, Globalization has started with all its powers 18 years ago. Things are changed, for good and bad, new stores and brands get here. And the following is just one example…
Until some years ago, all the phone service was given by only one enterprise. Also, TV service market had only two companies, one for cable and the other for satellite. With few market agents, the prices and the dynamics in those services were no so good.
We had an experience with cellphones and long-distant phone service; only when a third came into the market users get better prices, better technology and better service. That’s good for consumers, who have more options to choose and an active market which is always changing and not so behind the new advances.
That is happening now in the phone service market, now a Spanish company, Telefónica, and a Mexican one, Telmex, are in it. Prices are downing, and now we have services pack with TV, Internet and phone service. We have nowadays an ICT Market, with several options to the consumers.
In that way, Globalization can aid to local markets, adding new agents who came from around the world and have a good experience for creating a more competitive market. But also, the thing that they are combating is what they are creating in high scale. The big enterprises are enter in several places all around the world, stopping that new local ones will be born, because they have all that experience and power that can’t be improvise. In that way, next time the issue is not going to be a local market monopoly, it’d be a worldwide market monopoly.
And, not all the times the Globalization brings to local markets more agents, sometimes is in the opposite way. In my city, there were several department store enterprises, but now we have only two, and the owners are foreign, Casino and Carrefour.
Globalization could be better, if the big enterprises get a new dress: a businessman sponsor, almost like Banco Santander does. It created a program to impulse new ideas which could be a good enterprise. But that could be better, if enterprises with experience in the idea field get involved.
Globalization can be good, all depends how the agents move their pieces on the market chess board.