Discussion Assignment
Assignment 2: Discussion Assignment
Globalization
Which parties experience advantages from the globalization of the flat-panel industry?
The parties that experience the advantages of the globalization of the flat-panel industry are not only Vizio, but the consumers that purchase the product. This is because each part of the product is manufactured in a different area of the world with the final product being assembled in Mexico. Which allows for lower selling prices on the product. As a result of this “Vizio 's flat-panel TVs have produced more than $2.5 billion in 2021 and by 2011, the company was the second largest provider to the U.S. Market with a 15.4% share” (Hill, C., 2013, p. 9)
Which parties experience disadvantages from the globalization …show more content…
Some of these companies even had to lay off hundreds of employees and close down plants.
What would happen, if the U.S. required that all flat-panel displays sold in the U.S. would also have to be manufactured in the U.S.?
If all flat-panel displays sold in the U.S. had to be manufactured in the U.S. A few things would happen. The companies that develop the flat-panel displays would no longer be able to benefit from globalization. The text states that “Vizio 's managers scour the globe continually for the cheapest manufactures of flat-panel displays and electronic components” (Hill, C., 2013, p. 9). If they were unable to continue to do this then the cost to the consumer would increase.What does this case tell us about the future of production in an increasingly global economy?
This case tells us that the future of our production industry is going to increasingly revolve around the global economy and that the globalization of markets and production will continue to …show more content…
Spain is a country that is currently going through economic turmoil and is governed by a parliamentary monarchy. Currently Spain has the highest unemployment rate in the European Union (Kern, 2010). Next I looked at Italy which is governed by a democratic republic. Italy also has the 8th largest economy in the world and is the 3rd largest in the Eurozone (Arcelli & Sensenbrenner, 2013, para. 2). Were I to invest money in either of these countries I would have to choose Italy. Despite any political or economical problems, Italy seems to be the more stable option to
Globalization
Which parties experience advantages from the globalization of the flat-panel industry?
The parties that experience the advantages of the globalization of the flat-panel industry are not only Vizio, but the consumers that purchase the product. This is because each part of the product is manufactured in a different area of the world with the final product being assembled in Mexico. Which allows for lower selling prices on the product. As a result of this “Vizio 's flat-panel TVs have produced more than $2.5 billion in 2021 and by 2011, the company was the second largest provider to the U.S. Market with a 15.4% share” (Hill, C., 2013, p. 9)
Which parties experience disadvantages from the globalization …show more content…
Some of these companies even had to lay off hundreds of employees and close down plants.
What would happen, if the U.S. required that all flat-panel displays sold in the U.S. would also have to be manufactured in the U.S.?
If all flat-panel displays sold in the U.S. had to be manufactured in the U.S. A few things would happen. The companies that develop the flat-panel displays would no longer be able to benefit from globalization. The text states that “Vizio 's managers scour the globe continually for the cheapest manufactures of flat-panel displays and electronic components” (Hill, C., 2013, p. 9). If they were unable to continue to do this then the cost to the consumer would increase.What does this case tell us about the future of production in an increasingly global economy?
This case tells us that the future of our production industry is going to increasingly revolve around the global economy and that the globalization of markets and production will continue to …show more content…
Spain is a country that is currently going through economic turmoil and is governed by a parliamentary monarchy. Currently Spain has the highest unemployment rate in the European Union (Kern, 2010). Next I looked at Italy which is governed by a democratic republic. Italy also has the 8th largest economy in the world and is the 3rd largest in the Eurozone (Arcelli & Sensenbrenner, 2013, para. 2). Were I to invest money in either of these countries I would have to choose Italy. Despite any political or economical problems, Italy seems to be the more stable option to