Globalization essay
Today I would like to talk about the issue of globalization here. I had seen an article from “The Economists” September 20th 2003. The article talks about the global airline consolidation. In the article, it reported that Air France and KLM confirmed their alliance on September 17th. After this, shares of KLM have been going up. KLM Royal Dutch Airlines is the biggest flight company in Netherlands. It will join the global SkyTeam alliance of airlines, based around Air France and America’s Delta Air Lines. Then Air France has also recruited Alitalia to the SkyTeam group, it will now compete with the other two global alliances in terms of traffic, they are Star (Lufthansa, United Airlines, Singapore) and oneworld (which includes British Airways, American Airlines, Cathay Pacific). As we can see, global consolidation can bring many benefits, such as strengthening the competitiveness. Although there are many critical points, we still have to admit that globalization is really a big issue in recent years, especially in business area. Read more…