Globalization Questionnaire

MTG/448

January 31, 2011

Globalization Questionnaire

Globalization Globalization is a shift toward a more interdependent and integrated world economy (Hill, 2009). Other way of looking at globalization is one huge global market that deals with many nations in a way that creates a form of global economy. Another important part of globalization is the drives of globalization markets, production, barriers, and technology. Drives of Globalization First is the globalization of markets. This consists of the integration of national markets into one large marketplace and falling barriers to cross-border trade. For example, some firms who use the national markets are Coca-Cola whom provides soft drink, Honda who sells vehicles in many nations, and international media outlets such as Sony PlayStation that provides video games over the nations. Second is globalization of production that refers to the supply of goods and services from around the globe. For example firms like Apple use parts made in Japan, or Vizio the television company whom components are manufacture in South Korea, China, and assembly in Mexico, and Gerber baby food was originate in Michigan merged with Novartis, which is in Switzerland. Third of the drives of globalization is declining trade and investment barriers. In this case the decline in barriers is to free flow of goods and services that occurred since the end of World War II. For example, international trade between two countries to trade such items as eggs, poultry, meats, oil, and corps. Last is technologic innovation is telecommunication of globalization. Satellites make a major different now unlike years ago. For example something that used to take week can take only two to three minutes. Conclusion Globalization has connected everyone some way in his or her life.