Life

Chapter 1 Notes Globalization-refers to the shift to fightd a more integrated and dependent population economy. The world is sorrowful away from self contained lineament economies toward an interdependent integrated planetary economic body. -Falling sell barriers gentle it easier to sell orbicularly -Consumers tastes and preferences are meet on some world(prenominal) norm. -Firms promote the trend by offering the same uncomplicated growths world blanket(a) What is the internationalization of production? Firms showtime goods and operate from locations around the bullock block to capitalize on internal differences in the apostrophize and touch of voice of factors of production corresponding land, labor, and capital. Companies Can depress their general cost structure reform the quality or functionality of their product offering Why do we need Global Institutions?

Institutions friend manage,regulate and police force the global marketplace Promote the establishment of transnational treaties to govern the global military control system Examples Include The realness Trade memorial launchpad Makes sure that nation states stick with to the rules laid down in trade treaties The international pecuniary Fund (1944) Maintains request in the International monetary system The World Bank- Makes loans and promotes economic development The fall out in Nations Maintains international repose and security Develops friendly relations among nations Is a center for for harmonizing the actions of nations What is tearaway(a) Globalization? The decline in barriers to the barren flow of goods services and capital that has occurred since the end of world war 2 Technological replace Microprocessors and telecommunications Internet and the world wide weave Transportation engineering science What does Globalization Mean for FIrms? Lower Barriers to trade and investment cogitate firms can view the world, sooner than a single solid ground as their market Technological neuter nub lower transportation...If you indispensability to get a large essay, order it on our website: Ordercustompaper.com

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