Q1. History of your topic (i.e. product, country(ies), article, etc)? Please explain in detail your topic selection.
Globalization is defined as moving towards a world in which barriers to cross-border trade and investment are declining; distance is shrinking due to new advance in transportation and telecommunications technology, material culture is starting to look similar the world over; national economies are merging into an interdependent, integrated global economic system (Hill). The word itself. “globalize”, appeared in the 1960s meaning to “make global in scope or application”.
Can be traced from the Silk Road, route between China and the Mediterranean Sea, which promoted the exchange of ideas and knowledge, along with trade goods and foods such as silk, spices, porcelain, and other treasures from the East. Also when Europeans began creating colonies abroad, globalization developed. Globalization can also be traced to the Africans that were brought into other parts of the world. For example, bringing the Christian religion to the places they visited, and spreading Christianity from Europe to Latin America. An example, of gobalizatoin is a car designed in Germany, assemblred in Mexico, from components made in US and Japan and fabricated from Korean steel and Malyasian rubber.
Q2. How is your topic related to International Finance?
International finance has two basic parts: integration and technical change. These basic forces have shaped the evolution of international finance for centuries. “Global integration of money and capital markets is an important part of international finance; through such channels purchasing power over real resources today is transferred from areas of the world where expected rates of r...
... middle of paper ...
...r topic be better or have a greater impact? If so, what would you change? or how would you positively impact it? 10. What did you learn? How can you apply what you learned in your current job or future career?
With the fast changing world era of the internet and technology, globalization is evident. We can contribute to globalization by investing more in research, technology, education, capital and innovation. The more innovation and research is done, the more new products can be done at a lower cost and higher product quality. Globalization allows more creativty and diversity. Due to the effects of globalization, all firms try to acquire human pool of talent that is very diverse, because diversity helps globalization. To be able to compete in the international global market, there should be a diversity in the firms whether is it employees, ideas, or creations.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Q1 Into The only thing we all have in common, is that we are different. GLobalisation has been sweeping the world since the early 1990s. The rise of technology has allowed us to connect with people all over the world. In leaps and bounds, technology has brought everyone on earth closer, creating a global village, where you can speak to someone through a computer, instantaneously, as if you were face to face with them. Populations have begun to diversify, as travel is easier and many people are branching our of their home nation.... [tags: technology, recruitment, training]
1940 words (5.5 pages)
- Globalization, a great number of people regard it as a chiefly economic phenomenon, necessitating the additional integration, or interaction, of nationally based economic entities through the development of international trade, investment and monetary flows. Also included in this view is the rapid advances in sharing social and cultural values as well as new technologies as the world grows together. Globalization can be defined as a procedure in which geographic distance is a diminishing factor in the formation and sustentation of international economic, political and cultural relations.... [tags: Pro Con Essays]
965 words (2.8 pages)
- “Two world wars [along with Roosevelt’s] “New Deal” had indeed, made government big.” (Moody, 2007, p. 114) Government became “big” because of its controlling interest in business and labor. The reason for this interest is that government was dealing with a failed economy and had two world wars to contend with. These wars required a continual supply of food and supplies to be produced. In order to guarantee supplies to be free of interruption, it required government gaining control over every major industry and labor in order to keep harmony.... [tags: Outsourcing, Offshoring, Free Trade]
1592 words (4.5 pages)
- ... The first such treaty was the Coal and steel Community, signed in 1951 by the Federal Republic of Germany (also called West Germany, France and Italy (Letiche, 2002). this was followed by formation of the European Customs Union -- which came about through the 1957 Treaty of Rome (Letiche, 2002). the actual Treaty of the European Union -- which, in a sense, created a single entity -- was ratified in 1993 (The Columbia Encyclopedia, 2000). other agreements that led to the ultimate European Union included the formalized European Monetary System in 1979, the Delors reports in 1989, the Maastricht Treaty in 1991 -- and finally the launch of the one-currency Euro by European Central Bank betwe... [tags: globalization, regionalism]
1338 words (3.8 pages)
- Transnational Social Movements, International Nongovernmental Organizations and Our State-centric World The 1999 Seattle protests brought the apparent proliferation of anti-globalization grassroot sociopolitical movements into the limelight of the world stage. Transnational social movements (TSMs), international nongovernmental organizations (INGOs), as well as the loose transnational activist networks (TANs) that contain them—all these came to be seen as an angry and no less potent backlash that's directed at the powerful states and increasingly towering economic IGOs such as the WTO, the IMF, and the World Bank.... [tags: Politics Political Essays]
2182 words (6.2 pages)
- Introduction: Rapid globalization, companies keen to spread out internationally companies is faced by a very critical question of whether to standardize or to adapt its product or services. Global marketers have been trying to conclude with a particular answer to this great dilemma. Over the years as modern industry has developed, to standardize or to adapt has become a very important defining decision for the marketers. Each has its own pros & cons but to choose the right is a tough choice to make, it needs a thorough analysis and understanding of the market and only then a decision could be arrived .This essay will critically try to understand and analyse the various arguments of standardi... [tags: globalization, big business, economics]
2836 words (8.1 pages)
- Introduction: Globalization can be represented by the reduction of geographical and economic barriers that have been boosted since 1990 with the fall of socialism in Eastern Europe and the Soviet Union. With the appearance of Neoliberalism and its principle of free market companies felt the need to internationalize to new markets as an alternative to the domestic markets that were saturated, making products increasingly standardized commercializing them in the same way around the world considering that their global customers had homogeneous tastes.... [tags: Globalization Essays]
2255 words (6.4 pages)
- The concept of outsourcing in the Unied States goes back to 80's. But it was in the 90's that really companies began to use it more and more and they found out that this is something that really works for them. Outsourcing is defined as "the practice of subcontracting manufacturing work to outside and especially foreign or nonunion companies." This concept became very widely used in practice today in the United States. Firms such as IBM, Sprint, AT&T, Dell Hewlett Packard, and Novell are some of the major companies which have really been successful using it for a while now.... [tags: Outsourcing, Offshoring, Free Trade]
981 words (2.8 pages)
- All) The Invisible knapsack of white privilege concept is the fact that all people are still treated differently based on the color of their skin except for whites. Racism today is not always the same as racism in the past. Horrific incidents of overt racism still occur and hate groups still exist, but the racism of today is much more subtle than the past. As Martin Luther King, Jr. once said, "The absence of brutality and unregenerate evil is not the presence of justice." The racism that exists today quietly benefits and privileges whites in terms of what they receive from systems and society.... [tags: Question and Answer]
950 words (2.7 pages)
- We all seem to partake –somehow- in a new streak of research where the concept of globalisation takes form of some sort of mantra, rendering previously valid questions irrelevant and imposing new paradigm shifts in a variety of disciplines. In the field of International communication, the process of globalisation is not only about the emergence of huge transnational corporations. It also implies changes in communication policies and their impact on cultural autonomy and identity not only in weaker nations but in the most powerful ones as well.... [tags: International Communication and Globalization]
1018 words (2.9 pages)