Question----------- Impact of Globalization Paper: In this paper, provide a descriptive title or hea

Aug 14th, 2016
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Question----------- Impact of Globalization Paper: In this paper, provide a descriptive title or heading for your paper by focusing on topics or countries that interest you, and then discuss the following concepts: 1) globalization and the drivers of globalization; 2) the changing nature of the global economy; 3) compare and contrast the political and economic differences of at least two countries (for example India and the United States); and 4) discuss what managers can do to successfully work with the opportunities and challenges in this global economy.Write your paper in 3 TO 4 double-spaced pages

Word Count: 8038
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Answer 11 Introduction"Globalization is not something we can hold off or turn off . . . It is the economic equivalentof a force of nature -- like wind or water."Bill Clinton (American 42nd US president (1993-2001))The first part of this research paper will define the major drivers of globalization and thenintroduce some of the basic and advanced theories of international trade and business.With this foundations it will then try to integrate theories and drivers and compare them tothe actual situation and discuss if they are appropriately describing what we are seeing today.2 Drivers Of GlobalizationThe media and almost every book on globalization and international business speak aboutdifferent drivers of globalization and they can basically be separated into five differentgroups:1) Technological driversTechnology shaped and set the foundation for modern globalization. Innovations in thetransportation technology revolutionized the industry. The most important developmentsamong these are the commercial jet aircraft and the concept of containerisation in the late1970s and 1980s. Inventions in the area of microprocessors and telecommunications enabledhighly effective computing and communication at a low-cost level. Finally the rapid growthof the Internet[1] is the latest technological driver that created global e-business and ecommerce.2) Political driversLiberalized trading rules and deregulated markets lead to lowered tariffs and allowed foreigndirect

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