List 4 effects of globalization that impact an organization and community?
What are some major regional trading blocs?© BrainMass Inc. brainmass.com December 19, 2018, 9:59 pm ad1c9bdddf
Globalization means operating in the world economy as a single economy. Globalization is a compulsion now. It promotes the most efficient and cost-effective use of resources. The market encourages productivity and efficiency gains from specialization, it builds economies of scale, it improves efficiency because of greater competition. Globalization is as powerful a force as democracy is. The parallels are obvious. Like democracy spelt ...
This discusses the concepts related to major regional trading blocs