Nowadays we are so familiar with “Global economic integration” term, this is the imperative trends that if any country stays out of it would be eliminated from the playing. International integration enhances multilateral commerce exchange between countries over the world, that a reason we are easy buy a product that its origin from other country, even a very distant one
This process brings us numberless benefits, especially to consumers, they can conveniently buy any product from overall the world by directly or via E-commerce, not only tangible goods but consumers also approach to intangible products such as: education, health care, services…. these improve and enhance human life quality. To the economy, the tendency helps Vietnam reach chance to introduce our products, technology, labor force… to the world, receive foreign investment from other countries to develop the domestic economy, create employments…
Threatens but intertwined opportunities to native businesses and manufacturers: if they can optimize the chance to enhance competiveness, improve manufacturing ability, they would have opportunities to broader their market, restructuring organization structure, nevertheless, integration will eliminate weak, small and conservative ones, the native businesses need proactively adapting to the global competitiveness. Integration also make the global economies multilateral dependent on each other, so a crisis happened in a certain country we’ve had our foots on can deeply affect the domestic economy.
In conclusion, overcome all obstacles of the global integration, both the domestic economy, businesses and consumers will get gain from this. And last, as a global citizen we need equip our self with acknowledge, literacy and ability to not be left behind