Globalization Questionnaire

1. What is globalisation, and what are some of the traditional international hand theories that hold up the concept of globalization? Globalization refers to the shift toward a to a greater extent than integrated and interdependent conception economy. Globalization has several divers(prenominal) facets including the globalization of markets and the globalization of production, (Hill, 2004). Although no one theory plenty pardon the apparent pattern of international trade, to defineher, the theories of Free care, Life-Cycle, Mer good dealtilism, Heckscher0Ohlin, refreshed cope and Porters Theory do suggest         which factors are heavy and can support the concept of globalization. 2. List the major drivers of globalization and put across three examples of each.         The major drivers of globalization would be declining trade and investment funds barriers,         technology and communication and social -demographic diverg es. Trade barriers catch         been cut down and are shifting from closed and economy to chip in end economy. The         lowering of barriers to international trade enables firms to view the conception, instead than a         single country, as their market, (Hill, 2004). The lowering of trade barriers has in addition         facilitated the globalization of production. According to data from the World Trade         Organization,         the chroma of orb trade has grown faster than the wad of world         output since 1950, (Hill, 2004). Some examples of technology and communication         would be internet, fax, stall phones, and transportation.

Using these technologies create         greater data incline and augment the amount of information that can be elegant by         individuals and firms. Social-demographic is a driver that has been a dramatic change in         the demographics of the global economy. Examples of changing demographics would be         the dominance in the world economy and world trade picture, dominance in world         foreign direct investment, and dominance of large multinational U.S. firms on the         international business scene. (Wikipeida, 2006). 3.         Explain at least(prenominal) cardinal effects of globalization that impact your community and your... If you ask to get a full essay, order it on our website: OrderCustomPaper.com

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