Globalization
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A. What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?
b. List the major drivers of globalization and give three examples of each.
c. Explain at least four effects of globalization that impact your community and your organization.
d. What are some major regional trading blocs and specify at least two in your region of interest.
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What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?
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What is globalization, what are some of the traditional international trade theories that support the concept?
Globalization refers to the worldwide phenomenon of technological, economic, political and cultural exchanges, brought about by modern communication, transportation and legal infrastructure as well as the political choice to consciously open cross-border links in international trade and finance.
The International Monetary Fund defines globalization as "the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology".
source: http://en.wikipedia.org/wiki/Globalization
Some of the international trade theories which support Globalization are Theory of internationalization, free trade agreements and formation of trading blocs.
Another theory which is being increasingly used in international businesses in today's world is theory of comparative ...
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- MBA, Rochester Institute of Technology
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