Those who praise globalization attribute it to its ethical merit. It is said to proceed according to sound moral principles, to maximize that-which-ought-to-be-maximized, and to spread throughout the world modern ideals of liberation and toleration.
Financial management in the small firm is characterized, in many different cases, by the need to confront a somewhat different set of problems and opportunities than those confronted by a large corporation. The manager of a smaller firm must rely primarily on trade credit, bank financing, lease financing, contractorsÂ’ capitalized services, and investorsÂ’ equity to finance the business. Some solutions to this challenge is easily found on the global market, giving more flexibility to today's managers. One therefore is exposed to a much more severely restricted set of financing alternatives if isolated in some corners of the world.
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