Life

Chapter 1 Notes sphericalization-refers to the shift to fightd a more integrated and mutually beneficial earthly concern economy. The humans is moving away from self contained face economies toward an interdependent integrated globose economic schema. -Falling sell barriers adapt it easier to sell orbicularly -Consumers tastes and preferences are converging on some world-wide norm. -Firms promote the trend by offering the same mere(a) products worldwide What is the globalization of production? Firms source goods and services from locations nearly the testicle to capitalize on national differences in the hail and tone of voice of factors of production like land, labor, and capital. Companies Can glower their overall cost structure Improve the quality or functionality of their product offering Why do we need Global Institutions? Institutions Help manage,regulate and police force the global groceryplace call down the e stablishment of multinational treaties to govern the global business system Examples Include The World Trade memorial tablet Makes certainly that nation states adhere to the rules laid down in interchange treaties The international Monetary Fund (1944) Maintains request in the internationalist monetary system The World Bank- Makes loans and promotes economic development The blood line in Nations Maintains international Peace and security Develops friendly dealings among nations Is a center for for harmonizing the actions of nations What is Driving Globalization? The decline in barriers to the barren flow of goods services and capital that has occurred since the end of world war 2 Technological Change Microprocessors and telecommunications Internet and the world wide weave Transportation Technology What does Globalization pissed for FIrms? Lower Barriers to trade and investment mean firms can understand t! he world, rather than a single country as their market Technological change nub lower transportation...If you want to fuck off a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay