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Globalization Questionnaire

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Submitted By tlmielke
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MGT/448
Week 1 Individual Assignment

What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?
Globalization is the process of crossing borders to do business in other countries. The ability to trade globally make for a more integrated and interdependent world economy. Some of the theories that support the concept are Free Trade, New Trade, and Mercantilism.
List the major drivers of globalization and provide three examples of each.
Declining trade and investment barriers - Since World War II there has been a decline in barriers to the free flow of goods services and capital. Second is the greater advancements in technology in communications and information processing. Finally many companies have reduced the trade barriers and other restriction to foreign direct investment.
Changing demographics - The changing world output. The world is seeing huge growth in population, this drives the need for product. Forecasts for the future predict the continued rapid rise in population in countries like China, India, and Brazil.
The changing nature of multinational enterprise - More and more companies are opening productive locations in more than one country. Non-U.S. Multinationals and Mini-Multinationals
Explain at least four affects of globalization that affect your community and your organization.
I live in an area that is highly populated with Military bases. I have Everett Naval Base, Joint Base Lewis-McCord, Puget Sound Naval Shipyard, and Sub-base Bangor all within 50 miles of my home. The military bases do business all over the country, shipping people to different location for different reasons. This affects my business because we provide the safety equipment that is needed for many of the construction jobs that the military does. We provide the product for them to perform the

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