Impact of Globalization on Nepalese Business

Abstract

This study examines the impact of globalization on Nepalese business. Growth of business is the dependable variable. The independent variables are technological advancements, international trade agreements, cultural exchange, global competition and global supply chains. The primary source of data is used to assess the opinions of the respondents regarding the impact of globalization on Nepalese business. The study is based on primary data of 154 respondents. To achieve the purpose of the study, a structured questionnaire is prepared. The correlation coefficients and regression models are estimated to test the different impacts of globalization on Nepalese business. The result shows that technological advancements has a positive impact on the growth of Nepalese businesses. It indicates that increase in technological advancements leads to increase in growth of Nepalese businesses. Similarly, international trade agreements has a positive impact on the growth of Nepalese businesses. It indicates that an increase in international trade agreements leads to an increase in the growth of business. Likewise, cultural exchange has a positive impact on the growth of Nepalese businesses. It means that an increase in cultural exchange leads to an increase in the growth of business. Further, global competition has a positive impact on the growth of Nepalese businesses. It shows that an increase in global competition leads to an increase in the growth of business. Moreover, global supply chains has a positive impact on the growth of Nepalese businesses. It indicates that an improvement in the global supply chain leads to an increase in the growth of business.