Description
- Read the (Chapters 1,2 and 3) from the textbook entitled: (International Business Competing in the Global Marketplace, 14th Edition (Hill, Charles) (z-lib.org). It can be found at this free link (https://1lib.us/).
- Chapter titles:
- Chapter 1: Globalization
- Chapter 2: National Differences in Political, Economic, and Legal Systems
- Chapter 3: National Differences in Economic Development
- Write almost a page about views on globalization (benefits [a paragraph], costs [a paragraph], or other externalities [a paragraph]).
The textbook can be accessed via the following google drive link:
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
1
Business Discussion
Student’s Name
Institutional Affiliation
Course Name and Code
Professor’s Name
Date
2
Markets and sectors have gotten increasingly global in the previous 30 years. As a result
of globalization, local marketplaces from all over the globe are merging to establish a single,
massive commercial hub. Many barriers to the free movement of products, services, and money
have been removed since World War II. This has been the single most significant factor in
allowing corporations to approach the whole globe as a single market and has accelerated the
pace of globalizing manufacturing. Over the past ten years, globalization of production and
markets has increased foreign direct investment, increased imports into the world's industrial
countries, and increased competitiveness everywhere. The microprocessor enabled corporations
to integrate their activities all over the globe into sophisticated information networks thanks to
enhanced communication and information processing technologies. Multinational corporations
can link their businesses globally better because jet air travel reduces journey time. Because of
these advancements, firms may now collaborate on a worldwide scale and consider the whole
globe to...
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