...Introduction In this paper we will discuss of globalization and how it affects our country and community. There are many ways to look at globalization but you must first understand what the traditional international trade theories are and what the drivers are. Once you have these information we can form an example of how globalization affects are economy. First we are going to define what is a globalization? What is a Globalization? “And we are moving toward a world in which barriers to cross-border trade and investment are declining; perceived distance is shrinking due to advances in transportation and telecommunications technology; material culture is starting to look similar the world over; and national economies are merging into an interdependent, integrated global economic system” (Hill, 2013, p4 ). With the advancement of technology the barriers have been torn down like the “Wall of Berlin”. It has opened our minds to learn about other cultures and to learn about potential business opportunities in those countries. Two of the traditional international trade theories are classical and modern. Major Drivers of Globalization There are two major drivers of globalization. The first is the decline in barriers which allows for the free flow of goods, services and capital. The examples of this driver is the International trade and foreign direct investment. International trade is selling goods in your country to someone in another country. Foreign direct investment...
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...Globalization Globalization is the distribution of industrial and service activities across an increasing number of nations across the globe. The world’s economies have become deeply integrated and interdependent on each other. As the article Global Trade, Identify the Losers from The Economist mentions, American companies such as Apple create jobs in the United States, but have also created jobs elsewhere. Job distribution is increasing overseas as there is a diverse pool of applicants with increased productivity, and many times at a fraction of the cost of American workers. Reduced barriers of trade have created many business opportunities for companies like Apple to take advantage of the knowledge and resources not only in the United States but worldwide. Technological advancements have allowed globalization to occur, especially with the internet physical proximity is no longer a barrier to trade, as the internet connects all aspects of the business in real time in one cyber setting. The article Global Trade, Identify the Losers is highlighting the fact that with globalization, companies like Apple have the choice to hire employees from other countries to support their products. Given that the majority of training and information can be transferred over the internet, it is not longer a requirement that the support staff be located in the United States. Additionally, the United States is a developed nation and therefore one of its best resources is knowledge....
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...Globalization Argumentative Paper Armando Montero PHL/320 5/16/2016 Todd Goodling Globalization Argumentative Paper Globalization is the tendency of businesses, technologies, or philosophies to spread throughout the world, or the process of making this happen. The global economy is sometimes referred to as a globality, characterized as a totally interconnected marketplace, unhampered by time zones or national boundaries. This term as based on business can be defined as; the process of extending to other parts of the world to develop an increasingly integrated global economy by using free trade, free flow of capital, and utilization of cheaper foreign labor markets. Globalization can be good for business because it can make operating in foreign markets more efficient. It is also beneficial because it raises a business’s profits in other parts of the world. (1, Premise) Businesses will be able to communicate more effectively and efficiently, if they are working in an open market. Globalization directly effects the administrative, economic, and geographical system that is in place with the nations in an effective way. Today’s business era is far more challenging and competitive, and although it is more difficult, globalization is still one of the most important components to the economic, administrative, and geographical sectors. It also provides effective business with the nations in an effective and...
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...Globalization Argumentative Paper Jennifer Johnson June 15, 2015 PHL/320 University of Phoenix (1, Premise) Globalization effects on economy, administrative, and geographical system of the nations in an effective manner. In today’s more challenging and competitive business era, globalization is one of the most important factors that have a direct or indirect effect on the economic, administrative, and geographical system of the nations in an effective and proper manner. There are rapid changes in the economics of the nations, due to globalization. In addition, different kinds of issues are developed or created by the globalization to the countries. Also, these are affecting the nations directly or indirectly. For example, High risk investment in other countries is considered a significant issue. (1, Conclusion) After the globalization of the worldwide market, foreign investors faced the high risk to invest in the other nation due to the differences in administrative, geographic, economic, culture and demographic condition of the countries.(Lynch & Gemini, 2010) (2, Premise) Globalization contributes to the improvement of technology that helped national companies. There are various technological improvements that create effective contribution in the globalization of markets and production. It is identified that the use of computers helps the companies to adopt globalization and improve its market share in the global market. In computers, the use of the internet helps...
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...Globalization Argumentative Paper XXXXXXXX PHL/320 05/11/15 XXXXX Globalization Argumentative Paper The term globalization based on business ideas can be defined as the process of extending to other parts of the world to develop an increase in the integrated global economic system from utilizing cheap labor from foreign markets, free flow of capitol, and free trade. This can all be good for business in that it makes operating in foreign markets more efficient. The term good can be defined as having profit, advantage or benefit. Therefore, globalization is good for business in that it benefits the organization by increasing profit in other world markets. (1, Premise) When a business operates in an open market, they have the ability to communicate more efficiently and effectively with their customers and suppliers. By doing this, it allows businesses to manage their supplies, inventories, and their distribution networks. (1, Conclusion) Globalization allows businesses to have a better relationship in foreign countries by being able to market and sell their products using free trade and the free flow of capital. (2, Premise) Another advantage of globalizing a business is that the company can outsource products to other countries for them to produce. By outsourcing these products, it can be done at a cheaper price and still have the same quality. This will help boost the economy by adding additional jobs. (2, Conclusion) Globalization will benefit...
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...Globalization Argumentative Paper Danette Moore PHL/320 November 02, 2015 Walter Sienkiewicz Globalization Argumentative Paper The term globalization according to business definition can be described as the worldwide movement toward economic, financial, trade, and communications integration. It can also be used to imply the trade of goods, and services through the use of free transfer and an interconnected and interdependent world. (Business Dictionary, 2015) The Dalai Lama says that “the greatest modern evil is the destruction of native cultures.” Nothing is going to do this faster and more permanently than globalization. The term bad can be defined as having profit-loss, disadvantages or destructive consequences. Therefore, globalization is bad for business in that it depletes the environments natural resources, has led to labor exploitation, and job loss in developed countries. (1, Premise) Globalization has caused the individual to desire more additionally on an unparalleled, unwholesome and unmanageable scale, in such an overabundant amount that we are deteriorating natural resources to the point of not being able to recuperate from it. (1, Conclusion) Globalization takes away from the environments natural resources depleting the ozone layer through the likes of carbon monoxide production in factories and contributions to other pollutants in air and waterways globally. (Huwart, J.Y, Loic,V. 2013) (2, Premise) Another disadvantage of globalizing a business is that...
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...The term globalization based on business ideas can be defined as the process of extending to other parts of the world to develop an increasingly integrated global economy by utilizing free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Globalization can be good for business in that it makes operating in foreign markets more efficient. The term good can be defined as having profit, advantage or benefit. Therefore, globalization is good for business in that it benefits the organization by increasing profit in other world markets. (1, Premise) By operating on an open market, businesses can communicate more efficiently and effectively with their customers and suppliers. This will allow businesses to better manage their supplies, inventories, and their distribution networks. Businesses can now market and sell their products with ease and on the same schedule as they would in their home country. (1, Conclusion) Globalization allows businesses to do better business in foreign countries by being able to market and sell their products by using free trade and the free flow of capital. (2, Premise) Another advantage of globalizing a business is that we can outsource products to other countries to make. Production of these products will be of similar quality but cheaper to make. It will help boost other economic markets in that it will increase jobs in that region. By outsourcing these jobs to foreign countries, it will leave better jobs for American...
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...Globalization has an important advantage of this world. The globalization has increased the incorporation of nations in different aspects which including economic, cultural, and political. This advantage of globalization has been clearer by the last 20 years. It has had effects on all countries. The United States is one of the countries, which has felt strongly the impacts of globalization. There is one side of globalization that the United States has experienced more that another, which is the rise of immigrants. Globalization has increased immigration by strengthening the free movement of people of different nations. The migration has involved most people from developing countries moving to Western and industry societies. The United States...
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...The precise beginning of globalization is often obscured because there have been many instances where early nations engage in trade and integrate their economies together. Some historians attribute the start of globalization to as early as 1492 when Christopher Columbus arrived in the American continent, because he was actively seeking a trade route to connect the Indian spice market to Spanish commerce. This event was also the beginning of European exploration in the Americas, and the subsequent colonization of the New World. Although this expanded the worldview of European people by introducing them to a completely new continent with raw materials and new resources, it was not the true beginning of globalization and was rather a stepping...
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...Change and Continuity in Contemporary Business Assignment Brief Cardiff School of Management Assignment Details Course Title Module Title Assignment Title Assignment format Assignment length Assessor Name Handing out Date Handing in Date (Due date for submission to LSBM) BSc in Business Management studies (top-up) Change and Continuity in Contemporary Business Globalisation Individual Assignment (100%) 3000 words Mark Powell 8th October 2012 17th December 2012 Assessor : Mark Powell Signature: Date: Internal Verification and Approval Internal Verifiers Date Reza Aboutalebi The College Notes Essential Considerations Note 1: No academic member of staff has the power to allow a late penalty to be lifted or for an extension to be given to a student(s). Note 2: Should you require assistance for submitting assignments, please refer to the BA handbook. Assistance from the office can only be given during office hours. Instructions for Assignment Submission Please refer to the LSBM general drop for detailed assignment submission instructions. You must follow these instructions exactly. Created by Mark Powell Page 1 Change and Continuity in Contemporary Business Assignment Brief Assignment Brief You are required to successfully complete one 3000 word essay from a choice of 3 questions examining Globalisation Choose Only ONE of the following questions: not required ones ( YOu can compare that one to books that are required herts friedman:...
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...Globalization Shannon R. Newcomb PHL/320 June 29, 2015 Jennifer Stephens Globalization In today’s business world, the term “world” is literal. Globalization, the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets, has become the norm. While there are always two sides to an issue, globalization has become a good, positive force in business. For the purposes of this paper, the term “good” means favorable or advantageous. (1, Premise) Operating globally, businesses work with other countries stimulating trade, creating employment, and boosting economies. According to Mike Collins, a contributor for Forbes Magazine, “globalization promotes economic growth; creates jobs, makes companies more competitive, and lowers prices for consumers” (Collins, 2015). Globalization helps to stimulate trade by allowing organizations to gain knowledge about the trends, culture, and customs of other countries to better market to those parts of the world. (1, Conclusion) Thus, globalization generates effective communication between countries in order to trade, create jobs, and boost economies. (2, Premise) Globalization creates a worldwide shopping experience. In the past, consumers were limited to what was nearby for purchasing. With globalization, the options are limitless. Gone are the days of cookie cutter gifts from your local Walmart. A unique gift is just a click...
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...Globalization Argumentative Paper PHL/320 August 10th, 2015 Globalization Argumentative Paper The term globalization in view of business thoughts can be characterized as the procedure of reaching out to different parts of the world to build up an inexorably incorporated worldwide economy by using organized commerce, free stream of capital, and the tapping of less expensive outside work markets. Globalization can be useful for business in that it makes working in remote markets more productive. The term great can be characterized as having benefit, point of interest or advantage. In this way, globalization is useful for business in that it advantages the association by expanding benefit in other world markets. (1, Premise) By working on an open business, organizations can impart all the more productively and successfully with their clients and suppliers. This will permit organizations to better deal with their supplies, inventories, and their circulation systems. Organizations can now market and offer their items no sweat and on the same calendar as they would in their nation of origin. (1, Conclusion) Globalization permits organizations to improve business in outside nations by having the capacity to market and offer their items by utilizing facilitated commerce and the free stream of capital. (2, Premise) Another point of preference of globalizing a business is that we can outsource items to different nations to make. Creation of these items will be of comparable quality...
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...Globalization Argumentative Paper La Tasha Johnson PHL/320 July 27, 2015 Stephen Mersereau (1, Conclusion)Globalization is good for businesses because it helps companies expand productivity. (1, Premise)Within our company globalization has helped unify our companies in other states and countries. Under the Akebono Production Systems (APS), we standardize all aspects of the operation process. These range from which products are manufactured at which facility, the facilities itself, to management. Our headquarters are located in Japan, and they have a different way of doing things and want all of the facilities to be on one accord. They’ve changed the way we dress, our flow process, and has implemented training to ensure that everyone knows the proper way. They send our training group to Japan to receive their training, which is a great experience for them. Learning the way other cultures conduct their business is an eye opener and kind of exciting to me. Although we may feel that our way is working, seeing thing from another prospective is always good. If you don’t try it, you’ll never know if it works. It’s like our decision making process, and they send people in to evaluate the process that has been put in place to make us a more productive business. We also have a new safety process that has been put in place at our walking intersections within the plant. The process was transitioned from our home plant to all of the North American plants, including...
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...Globalization Argumentative Paper PHL/320 Globalization Argumentative Paper Globalization is an elimination of barriers to trade, communication, and cultural exchange. The theory behind globalization is that worldwide openness will promote the inherent wealth of all nations. "Jones (2014)." Globalization has played a significant role in the development of the United States, thus thrusting the United States into creating numerous free trade agreements with over 17 countries. There are various ways in which globalization has impacted the world today. Some of the ways include investment, marketing, machinery, policy-making, economics, and social awareness, which helps development of businesses and all countries involved. Globalization encourages more trading and employment opportunities for individuals across the globe. On technology, globalization has given companies and countries the opportunity to import and export products that shared around the world. Technology has made it easy to communicate through text, email, Skype, or other forms of communication to share thoughts and answers to some of the world's most common problems. Technology has helped develop some of the most sophisticated equipment without the hassles of going through development tests for each company. Technology has made investing in foreign markets a simple click of the button. Technology has been shared by various developers across the world and is slowly making the world a better place. Globalization...
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...Globalization Argumentative Paper Sam Weerts PHL/320 April 20, 2015 Some argue that globalization brings great benefits, while others argue that globalization is fundamentally flawed. Globalization is termed as the process of shifting from a secluded world to one that is incorporated. Globalization is also described as an extensive change aimed for a bigger global collaboration in money matters, initiatives, political views, trading of knowledge, and cultural ethics. (1, Premise) Globalization helps poor countries because it provides them with different resources, in order to generate equal opportunities and skills to become a developed country. In addition, it is important to know that nowadays, we see globalization as a way to know the world, through technology and culture developments. (2, Premise) Technology advances such as the internet have contributed greatly to globalization. Technology is making more people worldwide to be connected therefore they are able to accomplish a higher level of reliance in actions like business, tours, infrastructure, and political strategies. This therefore concludes that from a financial point of view, the world has changed because of globalization. (3, Premise) The main advantage of globalization is free trade: free trade is removing the obstacles that were previously set between countries and prevented them from doing business with one another. When these obstacles are removed it means there are no restrictions in import and export...
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