Globalization Questionnaire

globalisation Questionnaire Alecia Kharleed University of Phoenix Globalization Questionnaire Globalization is a shift toward a more interdependent and integrated world economy (Hill, 2009). The globalisation of markets and the globalization of production argon several factors of globalization. Advances in transit and telecommunications make it possible for businesses to reach other countries. National economies are merging and material assimilation looks the same no reckon where an individual is in the world. Mercantilism, absolute advantage, comparative advantage, new employment theory, Heckscher-Ohlin, product life-cycle, and national competitive advantage are totally international treat theories. Drivers of Globalization One driver of globalization is the declining trade and investment barriers. Many decades ago, strict barriers to international trade and direct foreign investment existed (Hill, 2009). The solid ground Trade fundamental law (WTO) was established to help countries work together in an attempt to cut tariffs on industrial services, goods, and agriculture. The other driver of globalization is technological change. Advances in information processing, transportation, and the Internet let evolved since World War II (Hill, 2009).

The microprocessor is the single most important conception in technology. Microprocessors encode, transmit, and decode information. The rapid expansion of the Internet has accommodate the information backbone of the global economy (2009). The Internet makes it lightheaded for buyers and sellers to conduct business without having to leave their home or office. merchant vessels technology has advanced with the development of containerization, superfreighters, and commercial jets. Commercial jets have reduced the time it takes to get from one place to another(prenominal) and containerization has lowered the cost of shipping goods around the world. * Effects of Globalization on Community The values and norms of an individuals culture are... If you want to get a full essay, order it on our website: Ordercustompaper.com

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