Globalization
Globalization
MGT/448
June 17, 2014
Professor
Globalization
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology (Hill, 2009). The international trade, outsourcing, and the integration of multi-national organizations are all aspects of globalization. The following is a brief summary explaining what is globalization, and some of the traditional international trade theories that support the concept of globalization. In addition, the major drivers of globalization and three examples of each, and four effects of globalization that affect the community and organization.
Major Drivers of Globalization and Examples
This course has an effect on our environment, society, the political side of our system, including the trade and industry development and success around the world. There are many traditional trade theories that uphold the belief of globalization. Some of the theories include mercantilism, life cycle, new trade, and Porter's theory, and there many others that support globalization. The trade market is the major drive of globalization. The stock increases or decreases, and presentation of new stocks are three examples of how the market effects globalization. All of these market scenarios have a significant impact on global trading based on fund performance. The other major driver is tariff control. This plays a huge factor since the fees charged by each country are competitive and are often compared by countries wanting to trade for the highest profit. This aspect can effect globalization by tariff increases, decreases, and the no fee trade proposal (Hill, 2009).
Effects of Globalization in the Community and Organization
The following are four examples of the effect of globalization in one’s community and organization such as, buying computers for an affordable price,
MGT/448
June 17, 2014
Professor
Globalization
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology (Hill, 2009). The international trade, outsourcing, and the integration of multi-national organizations are all aspects of globalization. The following is a brief summary explaining what is globalization, and some of the traditional international trade theories that support the concept of globalization. In addition, the major drivers of globalization and three examples of each, and four effects of globalization that affect the community and organization.
Major Drivers of Globalization and Examples
This course has an effect on our environment, society, the political side of our system, including the trade and industry development and success around the world. There are many traditional trade theories that uphold the belief of globalization. Some of the theories include mercantilism, life cycle, new trade, and Porter's theory, and there many others that support globalization. The trade market is the major drive of globalization. The stock increases or decreases, and presentation of new stocks are three examples of how the market effects globalization. All of these market scenarios have a significant impact on global trading based on fund performance. The other major driver is tariff control. This plays a huge factor since the fees charged by each country are competitive and are often compared by countries wanting to trade for the highest profit. This aspect can effect globalization by tariff increases, decreases, and the no fee trade proposal (Hill, 2009).
Effects of Globalization in the Community and Organization
The following are four examples of the effect of globalization in one’s community and organization such as, buying computers for an affordable price,