MGT 448 WK 1 Globalization Questionnaire
Globalization Questionnaire
10/23/2013
LeoNita Bigos-Erickson
MGT 448 Week-One
Natalya Enders
What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?
Charles Hill (2009) states, “Globalization refers to the shift toward a more integrated and interdependent world economy. Globalization has several facets, including the globalization of markets and the globalization of production.” There are a selected number of traditional trade theories supporting globalization concepts. Various theories contain new trade and Porter 's theory, mercantilism, and life cycle. Numerous theories support globalization. Simply put globalization suggests that doing trade beyond nationwide perimeters. Globalization denotes a transfer to greater cohesive and reliant global economy (Hill, 2009). Globalization has various components that instill the globalization of various markets and production (Hill, 2009). The globalization of markets denotes the amalgamation of generally distinctive nationwide markets to an enormous world arena (Hill, 2009). Globalization is not a requirement, although in most cases pays off in revenue and expansion. There are numerous advantages to create emergent indicators. Such as globalization in textbooks, is a country, such as Belgium, and France that benefited from global commerce with chocolate or fashion. Iceland has several resources they cannot produce; the illustration is citrus. Icelanders cannot yield oranges because the climate is not conducive for citrus growth too cold, however, they have an excess of seafood making it a beneficial commodity for Iceland to create trade agreements with countries that can and cannot produce or scarcity.
List the major drivers of globalization and give three examples of each.
Various factors considered to be the major drivers of globalization include technology, economics, and political atmosphere or
10/23/2013
LeoNita Bigos-Erickson
MGT 448 Week-One
Natalya Enders
What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?
Charles Hill (2009) states, “Globalization refers to the shift toward a more integrated and interdependent world economy. Globalization has several facets, including the globalization of markets and the globalization of production.” There are a selected number of traditional trade theories supporting globalization concepts. Various theories contain new trade and Porter 's theory, mercantilism, and life cycle. Numerous theories support globalization. Simply put globalization suggests that doing trade beyond nationwide perimeters. Globalization denotes a transfer to greater cohesive and reliant global economy (Hill, 2009). Globalization has various components that instill the globalization of various markets and production (Hill, 2009). The globalization of markets denotes the amalgamation of generally distinctive nationwide markets to an enormous world arena (Hill, 2009). Globalization is not a requirement, although in most cases pays off in revenue and expansion. There are numerous advantages to create emergent indicators. Such as globalization in textbooks, is a country, such as Belgium, and France that benefited from global commerce with chocolate or fashion. Iceland has several resources they cannot produce; the illustration is citrus. Icelanders cannot yield oranges because the climate is not conducive for citrus growth too cold, however, they have an excess of seafood making it a beneficial commodity for Iceland to create trade agreements with countries that can and cannot produce or scarcity.
List the major drivers of globalization and give three examples of each.
Various factors considered to be the major drivers of globalization include technology, economics, and political atmosphere or
References: Charles W.L. Hill, (2009), International Business: Competing in the Global Marketplace (7th ed.) McGraw-Hill/Irwin, 2009, New York, NY