Answered: Briefly explain the globalization. What…

Briefly explain the globalization. What globalization in the world for the development a nation? Explain the importance of cross-cultural competences of International business managers.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter18: Globalization

Section: Chapter Questions

Problem 17E

See similar textbooks

Related questions

Q: how does globalization give a country a competitive edge?

A: The measure that depicts integration and interaction among companies, people and governments all…

Q: Which are the most important international economic challenges facing the world today? What are the…

A: The most international economic challenges facing the world today are as listed: Rise of the…

Q: How is the nation affected by globalization/concepts remain relevant? Why/Why not?

A: International trade necessitates globalization. The popular press has made this a topic that appeals…

Q: What are the factors in drivers globalization that increase of globalization link between economies?

A: GLOBALIZATION:- aincrease international trade and foreign investment Definition: Globalization…

Q: Give five examples of goods and services that people consume on a daily basis as a result of…

A: Globalization The word "globalization" refers to how commerce and technology have made the globe a…

Q: How does globalization affect the business industry over the past years up to the present

A: The impact of globalization on the business: International business is a term used to describe all…

Q: How do international take on “lives of their own” and how is the Philippines central to the history…

A: Answer - Need to find- How do internationals take on “lives of their own” and how is the Philippines…

Q: How does the discussion regarding trade in services related to innovation developments in…

A: Trade in services means the sale and delivery of an intangible product (popularly known as a…

Q: How does globalization affect the business industry in the philippines over the past years up to the…

A: The impact of globalization in any economy is positive in terms of growth and employment.

Q: Discuss the three major approaches to economic integration.

A: .The three approaches to integration. 1. Transitional Approach-this approach lies in the collection…

Q: How new is globalization? What has led to increased globalization?

A: Globalization is the process of bringing people from all around the world together. It's the process…

Q: What is a free trade zone? Give an example of a free trade zone and research how successful it has…

A: Free trade zone (FTZ): The free trade zone is an area where the products or goods landed, stored,…

Q: What is The strategies that developed country use to reduce the negative effects of globalization?

A: Globalization is a worldwide interaction of market. It is the process of buying and selling across…

Q: How does the use of shipping containers promote globalization ? A) they are environmentally friendly…

A: The transport of goods from one location to another is referred to as shipping. The shipping company…

Q: “The world’s a stage; each plays his part, and takes his share” – Dutch proverb. Please state what…

A: Basics of Globalization :- Globalization means making the globe a united territory where all nations…

Q: What are two ways that regional economic integration can help global companies

A: Economic integration is a grouping of countries that aims to reduce or eliminate trade barriers…

Q: What is Globalization is the emergence of an International Economic System?

A: Economic globalization refers to the rising interconnectedness of world economies as a result of…

Q: As a businessman, explain how globalization affects the importation and exportation of products.

A: The flow of products, technology, information, and jobs across national borders and cultures is…

Q: Does a trade surplus help to guarantee strong economic growth?

A: Trade surplus refers to the positive difference between the country’s exports and imports. The…

Q: How might the Internet and the associated World Wide Web affect international business activity and…

A: It's vital to note that the Internet conveys both information and commerce when examining the…

Q: What are two challenges presented in globalization in haiti

A: Globalization occurs when foreign organizations exercise influence over other countries. Haiti…

Q: What is the definition of economic globalization

A: The term economic globalization means that there an increase in the interdependence of the economies…

Q: What is economic globalization summary?

A: Globalization: - globalization is the process of integration of different countries with each other…

Q: What is a free trade zone?

A: Free trade zones are a type of special economic zones which are free of fees related to trade like…

Q: Can you describe to me what the interstate system is and the relation of it in globalization

A: Interstate relations are those definitive activities, understandings, or responsibilities of the…

Q: How does the Corporate Social Responsibility affects Globalization? Reaction paper

A: Globalization is a powerful arrangement of social cycles that is changing our current social state…

Q: Why should the Philippines take part in global governance

A: Philippines is one of the growing country with having more focus on economic growth than political…

Q: The economic integration associated with should globalization can provide an opportunity for more…

A: Globalization refers to the economic integration that will increase the exchange of goods and…

Q: what are the positive and negative effects of globalization to develop countries and developing…

A: Positive effects Due to globalization developed and developed countries trade have extensively…

Q: Explain the international stage in four stages of globalization and give some examples.

A: Globalization refers to to the inevitability integration of markets, individual nations, and…

Q: What's the difference between globalization and internationalization?

A: Globalization is the broader term and internationalization is one of the parts of the process of…

Q: What forces may be at work in giving the Millennium Development Goals such a high profile in…

A: There are 8 goals that can be considered under millennium development goals: 1- Reduction of poverty…

Q: Does economic globalization help Filipinos thrive or is it modern form of empire with no beneficial…

A: Globalization is an economic concept that is used to explain the openness of economic borders of one…

Q: If the removal of trade barriers is so beneficial to international economic growth,why would a…

A: Trade barriers are anything which cause restrictions in trade between any two nations. The removal…

Q: What are the recent developments affecting businesses and propelling globalization?

A: Globalization is a term used to describe a worldwide trend of cross-border economic integration that…

Q: Explain The Globalization of the World Economy in detail.

A: Globalization refers to the integration of global markets, leading to the integration of the…

Q: What are the advantages and disadvantages of global, bilateral, and regional economic integration?

A: Economic integration refers to an arrangement among nations that typically includes the elimination…

Q: What is the connection of globalization to each word? (Explanation for each word); a. Integration…

A: a. Globalization, as a complex process, is not a recent concept, and its effects on various parts of…

Q: What are the key Players/Actors of Globalization

A: The spread of products, technology, information, and jobs across national borders and cultures is…

Q: How have changes in technology and political shifts toward democracy encouraged the globalization of…

A: There are many changes in technology and political shifts which encouraged the globalization of…

Q: Mention three actions that were taken by different countries to decrease the negative impact of…

A: The era of Glaboalization started many decades ago, but the impacts, both positive and adverse, are…

Q: Answer it in 2 to 4 sentences 1. With the cultural diversity of each group of people in the world…

A: Answer 1. Cultural variety, as opposed to mono-culture, global mono-culture, or cultural…

Q: How can we lessen the negative impact of globalization to our nation?

A: Globalization is the term which describes the interdependence of nation for trade of goods and…

Q: Discuss malevolent and benign mercantilism. What kind of activities would the State undertake under…

A: Mercantilism was a practice that existed throughout the 16th and 18th centuries. Because…

Concept explainers

Unfavorable Balance Of Trade

This topic is significant in the professional exams for both undergraduate and graduate courses, especially for 

Question

Briefly explain the globalization. What globalization in the world for the development a nation? Explain the importance of cross-cultural competences of International business managers.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Since the end of World War II, globalization has steadily increased with rapid expansion around the turn of the 21st century. What are some of the forces driving globalization and international business? What are some of the challenges of engaging in international business compared to doing business in your home country?
What are the actors that facilitate economic globalization. Discuss each of them.
Regionalism vs globalization
How might the Internet and the associated World Wide Web affect international business activity and the globalization of the world economy?
Examine the similarities and differences between business going global, economic globalization and economic integration. Explain these three concepts - Going Global, Economic Globalization and Economic Integration.
What are the implications of intercultural communication to Technological Globalization?
Globalization of technology and communication is the sourcing of goods from different countries to take advantage of the national differences
impact of globalization to human communication
What is The strategies that developed country use to reduce the negative effects of globalization?
How will you explain each of the basic questions on trade, development, and industry?
Examine global strategies that South African businesses can use to expand internationally
Is it possible for a country to gain from trade even when it has lower productivity than its trading partner in the production of all goods? Is it possible for a country to gain from trading with a country that has much lower wages than it does itself? Use numerical examples to explain your answers to these questions.