Globalization in saudi arabia

As globalization continues to grow, more firms continue to invest in foreign countries. This expansion of business to different countries leads to changes in pricing, quality, and cost of goods available both locally and internationally (Haugen & Mach, 2010). Also, globalization increases the investment levels of countries as investors seek to explore new markets which have potential. Finally, there is an increase in opportunities as a result of an increased number of firms and businesses worldwide. Saudi Arabia is one of the largest oil exporters in the world and it has large oil reserves. For this vision to be achieved, the government of Saudi Arabia has to work with investors from other countries who are well versed with other sectors such as recreation and tourism by removing the economic barriers such as high taxes for foreign business.