2. Visit the U.S. Department of Commerce website (www.doc.gov). Identify and describe the most important support functions that the agency provides to the companies that do international business. (you may use a value chain sketch and see what is offered for each function; also some keywords to get you started: international business partner, distributor, marketing and sales, etc.)
1. Economic globalization is measured by the actual flows of trade, foreign direct investment and portfolio investment, as well as the restrictions applying to these flows. There are two categories that make up economic globalization, actual economic flows and restrictions. Actual flows include data on trade, FDI, and portfolio investment. A restriction refers to restrictions on trade and capital using hidden import barriers, mean tariff rates, taxes on international trade and index of capital controls. Economic globalization measurements allow a nation to conduct a SWOT analysis of their trade, foreign direct investment, portfolio investment, and restrictions. This is important because in order to compete with other nations, one must know where they stand and the improvement they can make.
Social globalization is expressed as the spread of ideas, information, images and people. This dimension can be broken into three categories, personal contacts, information flows, and cultural proximity. In other words, this dimension refers to the impact globalization has on the societies, families, and the life and work of people. Hot topics include the impact globalization has on employment, working conditions, income and social protection. Social globalization is import to a nation because it allows them to see how their citizens are being affected by the world around them and how knowledgeable they are about their surrounding neighbor countries.
Political globalization is characterized by the degree of political cooperation. The number of embassies, membership of international organizations, participation in UN Security Council missions, and number of international treaties signed is how it is measured. In simpler terms this dimension of globalization refers to the increasing number and power of human associations with influence or govern the world as a whole. This is important for nations to achieve substantial presences in the global economy because a strong, developed political nation help keep the economy sound.
2. Important support functions that the U.S Department of Commerce provides to companies doing international business include provision and legal advice, Negotiation and enforcement of trade agreements, international trade and investment laws, and litigation.
09, 2013, from http://www.commerce.gov/os/ogc/international-commerce
You May Also Find These Documents Helpful
-
1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.…
- 2128 Words
- 27 Pages
Satisfactory Essays -
Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s…
- 684 Words
- 3 Pages
Satisfactory Essays -
90,000 + 60,000 + 50,000 = 200,000. Therefore, X is .45 of total sales, Y = .30 of…
- 1044 Words
- 7 Pages
Good Essays -
Salvadore Inc., a local retailer, has provided the following data for the month of September:…
- 715 Words
- 9 Pages
Satisfactory Essays -
Accounting is a system for gathering data about an entity’s economic activity, processing and organizing the data and in turn, communicating that information to people who want to use it to make decisions.…
- 1205 Words
- 5 Pages
Good Essays -
a. Which of the following best describes the reason why an independent auditor reports on financial statements?…
- 2161 Words
- 9 Pages
Good Essays -
LO3 Explain nonoperating return and compute it from return on equity and the operating return.…
- 10394 Words
- 122 Pages
Powerful Essays -
Tate & Lyle is the world-leading manufacturer of renewable food and industrial ingredients that are produced from renewable crops, predominantly corn and sugar cane. Its end-products include sugar, starches, sucralose (splenda), molasses, alcohol, citric acid, and high fructose corn syrup. Listed on the London Stock Exchange, total revenue of £3,553 million was registered in 2009. With offices and plants in more than 24 countries worldwide, it has an estimated workforce of 5,718 employees (2009). ¹…
- 5575 Words
- 23 Pages
Powerful Essays -
Throughout the chapters within the Sociology book, you may come across several diverse societies, which affects behavior or even the view of life for others, this is known as globalization. For example, first the financial crisis been trending toward greater interactions. The focus is financial flows in the financial crisis. Second, the study adds to the evidence that connecting with the rest of the world is a good thing. By connecting with the world, you can have a better understanding about what’s going on. Third, today's globalization is about outsourcing the different qualities. All kinds of knowledge activities, from business-related communications to professional travel, are of the charts. Fourth, the information revolution is spreading to every level of global society. The study extends the analysis of global interactions to data and communication flows. It finds rapid growth in advancing digital technologies and the Internet. In my opinion, globalization is something that you should not look at to be nothing. The society that we live in today shows exactly what globalization is and how it’s supposed to…
- 702 Words
- 3 Pages
Good Essays -
Author James M. Henslin describes globalization as “the breaking down of national boundaries because of advances in communications, trade, and travel” (Henslin, 29). Globalization has broadened the world’s horizons by bringing in culture to different places from all over the world. There are many different cultures in the world and globalization being a factor helps change our lives.…
- 212 Words
- 1 Page
Satisfactory Essays -
Looking specifically at economic globalization, demonstrates that it can be measured in different ways. This center around the four main economic flows that characterize globalization:…
- 8468 Words
- 34 Pages
Powerful Essays -
In economic looks at restrictions to globalization, not just that which enables (e.g. hidden import barriers)…
- 15445 Words
- 67 Pages
Powerful Essays -
Jens Bartelson International Sociology 2000 15: 180 DOI: 10.1177/0268580900015002003 The online version of this article can be found at: http://iss.sagepub.com/content/15/2/180…
- 426 Words
- 2 Pages
Satisfactory Essays -
Globalization is the “process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications”(Simon, 2002). Globalisation is the most fascinated concept in the social science(Hirst and Thompson, 1999). It can be defined as the increased social and economic growth of the countries. The concept of globalisation is the global symbol for…
- 1841 Words
- 8 Pages
Best Essays