traditional international trade theories, business and finance homework help

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Business Finance

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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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What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? Globalization is the exchange of products, ideas, views and many other cultural byproducts. “Webster defines it as the act or process of globalizing : the state of being globalized; especially : 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” Some of the international trade theories that support the concept of globalization are: international product life cycle, comparative advantages principle, mercantilism, factor proportions theory, absolute advantages principle, and dependency theory. Provide at least three pros and three cons of globalization with explanations for each. Provide at least three pros and three cons of globalization with explanations for each. Developing countries profit from the advances and technology from more advanced countries. More wide spread availability of products and services. Globalization has made people more understanding of other cultures and exposed countries to differences. Broader supply chain and globalization offers more affordable products. Cons of globalization are eroding of cultures by influence of western culture. Meaning a country starts losing some of its identity from being exposed to other cultures. Exposure and spread of diseases like HIV. “One of the biggest downsides of globalization is the harm it can cause to economies at an early stage of development. Free trade forces all countries to compete using an even playing field, which critics claim puts smaller, less developed countries behind their more developed counterparts.” ("Pros and Cons of Globalization: Controversy and Discussion") Explain at least four effects of globalization that affect your community and your organization. Globalization allows for more options with products, better products and pricing. It also provides more quality technological advances. It offers more competition which also helps with pricing and options. It provides more jobs and opportunity. Explain how the government is effective in promoting global business. Globalization (n.d.). Retrieved October 29, 2016 http://www.merriamwebster.com/dictionary/globalization Pros and Cons of Globalization: Controversy and Discussion. (n.d.). Retrieved November 01, 2016, from https://blog.udemy.com/pros-and-cons-of-globalization/
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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

1

Globalization
Institution Affiliation
Date

GLOBALIZATION

2

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

3

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