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Globalization Questions

I need ideas and information about how to best address the three questions. I am not asking an OTA to write the paper for me, just ideas and information to get me started. Please provide the references. Thank you.

TASK:

Using approximately 350-words per question, prepare comprehensive responses to the following questions. Your paper may take the form of answers to each question. Be sure to use and cite references. Using the International business book

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.

Solution Preview

My understanding is that you posted your full assignment and want direction in approaching these questions. Let's look at some information to consider for your final responses. I also attached an informative article to consider, some of which this response is drawn. This should give you an excellent starting point. The last question is specific to your personal experiences and community, so you will need to aling the infromation as it relates to your community or organization.

RESPONSE:

a. What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?

According to Hill (2005) "globalization is a trend away from distinct national economic units and a move towards one huge global market." Globalization Globalization is a process where there is a removal or reduction in the barriers (physical, political, economic, cultural) separating different regions of the world, thereby inspiring exchanges in knowledge , service and and goods. Globalization also allows freedom of movement (referred to as liberalization), and for most, this appears to be positive. Through globalization, the entire world is increasingly behaving as though it were a part of a single market, having interdependent production, with different regions and countries internationally consuming similar goods, and responding to the same impulses. Globalization also promotes mutual reliance on goods and services and on each other, especially in terms on international trade. In fact, as the number of exchanges of goods and of information increase, the result is a growing interdependence between countries as they come to rely on various imported and exported products, services, and cultural input. However, there is a less savory side to globalization, argue the critics of globalization. In the absence of barriers, for example, globalization encourages the strong to invade the land of the weak, and open the door to wholesale exploitation. In economic terms, however, what this sums up as is that rich often get richer while the poor get poorer; and in environmental terms, it means the accelerated destruction of the planet's biosphere (Squire, 1999).

In terms of theory, international trade and globalization, there is no one theory that can alone describe the pattern. However, the traditional international trade theories along with contemporary ones work together to support the concept of globalization and allow you to look at international trade with a different view point (Bangkoklogistics.com, 2007).

For example, the following trade theories support the concept of globalization:

1."Ricardian Model: According to this model, the only difference between countries is their production technologies. All other features are taken as identical. For exmaple, the Ricardian model states that the international trade will occur between countries and will be advantageous but the reason why countries trade is because of differences in production technology. Most traditional international trade theories suggest that some people would benefit and some would lose because of international trade, the Ricardian models shows that everyone could benefit from international trade.

2. The Heckscher-Ohlin (Factor Proportions) Model: This trade model was originally developed by two Swedish economists, Eli Heckscher and his student Bertil Ohlin in the 1920s. Thereafter, many elaborations were provided in the model. This model incorporates a number of realistic characteristics of production that are left out of the Ricardian model. In Heckscher-Ohlin model begins by expanding the ...

Solution Summary

This solution addresses aspects of globalization by addressing each question. A related artcile on the cause and effects of globalization is also provided. References are in APA format.

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