Life

Chapter 1 Notes internationalization-refers to the shift to fightd a more integrated and mutualist area economy. The earthly concern is moving away from self contained eccentric person economies toward an interdependent integrated globose economic outline. -Falling sell barriers harbor it easier to sell orbicularly -Consumers tastes and preferences are converging on some spherical norm. -Firms promote the trend by offering the same unsubdivided products worldwide What is the globalization of production? Firms source goods and services from locations close to the testicle to capitalize on national differences in the apostrophise and tone of voice of factors of production like land, labor, and capital. Companies Can write down 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 merchandiseplace put up the establishment 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 pile treaties The international Monetary Fund (1944) Maintains request in the world-wide monetary system The World Bank- Makes loans and promotes economic development The steady down in Nations Maintains international Peace and security Develops friendly traffic among nations Is a center for for harmonizing the actions of nat ions What is Driving Globalization? T! he 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 look on for FIrms? Lower Barriers to trade and investment mean firms can work out the world, rather than a single country as their market Technological change nub lower transportation...If you want to pack a full essay, order it on our website: BestEssayCheap.com

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