International Business: The challenges of Globalization
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Summarize the principle arguments in favor of globalization.
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Solution Summary
Concerning international business, this solution summarizes the principle arguments in favor of globalization. References are provided.
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1. Summarize the principle arguments in favor of globalization.
Most would agree that 'globalizationErefers to "increasing flows of trade and investment between parts of the world and between countries". It involves "the stretching of networks of social, economic and political relations across the globe" (http://www.opendemocracy.net/globalization-institutions_government/article_637.jsp)
One positive view in favor of globalization is a benefit potentially boosting productivity and living standards everywhere. The idea here is that a globally integrated economy can lead to a better division of labor between countries, which allow low-wage countries to ...
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