Description
Prepare a comprehensive response to the following questions in 350 words each:
- What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?
- Provide at least three pros and three cons of globalization with explanations for each.
- Explain at least four effects of globalization that affect your community and your organization.
- Explain how the government is effective in promoting global business.
Format your written paper consistent with APA guidelines.
I started it but I am running out of time I need it finished and edited. Must be APA guildeliens.
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Explanation & Answer
Attached.
Globalization
Thesis statement: Globalization is an aspect that is taking root in many countries in
the world. This includes global business. The following paper expounds on: i.
Introduction
ii.
How the government has been effective in promoting global business
•
Development of infrastructure
•
Promoting science and technology
•
Creating a conducive environment for foreign investors
•
Maintaining good relationships with other nations
•
Reduction of trade restrictions
iii.
Conclusion
iv.
References
Running Head: GLOBALIZATION
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Globalization
Institution Affiliation
Date
GLOBALIZATION
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Globalization refers to a situation whereby the world exists in a way that
seems to have no physical boundaries or boundaries of any king. Globalization has
been promoted by the major developments that are taking place in all the countries all
over the world. There have been numerous efforts by the government to promote
global business and the government has been in a position to succeed in various ways.
One way in which the government has been effective in promoting global
business is through development of very modern infrastructure. This infrastructure
includes roads and airports, which are used by traders as they move from one region
to another (Peng and Peng, 2014). This has made it possible for traders to move with
ease and they can visit various regions within a single day unlike before where
movement from one region to the other had to take several days and many of the got
discouraged.
Another way in which the government has succeeded is through its unending
efforts in the support of science and technology. Global business requires technology
so that people do not have to meet one on one to conduct business but the business
can take place even when people are very many miles apart. The government has
made this possible and each and every business that is in operation today is able to
carry out e-business, which means that the business transactions can be conducted
globally.
Additionally, the government has been effective in promoting global business
by creating a conducive environment for foreign investors as well as maintaining
good relationships with other nations. Trade restrictions have been reduced and
therefore investors from all over the world can move across the borders to come and
GLOBALIZATION
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