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.
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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.
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- Instruction: Make your own definition of economic globalization and tell the reason on why all products you have or you have wore are part of economic globalization.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.
- Explain with relevant examples three (3) ways in which a country is likely to benefit as well as three (3) caveats that globalization can inflict upon countries participating in the international business space.Explain two main arguments of the “anti-globalization” movement?Define economic integration and differentiate between differentiate between different levels of economic integration. Moreover, Pakistan has signed a Custom Union (CU) agreement with UK to boost the trade with UK. Being an economist can you explain theoretically and graphically the effects of this agreement on member countries and on the non-member countries?
- How does sustainability and economic globalization interact with each other? Does create a positive or negative effect in our world? Please mention aspects of the Triple Bottom Line (TBL) and the Three Pillars of Sustainability in your explanation. Thank you!The following,EXCEPT ONE, are reasons why some scholars of globalization say that the power of the nation states have been significantly diminished Nation states failed to protect the environment Financial institutions like the World Bank and IMF (International Monetary Fund) dictate countries to implement neoliberal policies Technological advancements made it impossible for countries to control the entry of dangerous goods, sex trafficking, pornographic materials, terrorism and diseases Global processes and flows are not as powerful as one may believe Economic globalization is beyond the control of nation statesWhat is the connection of globalization to each word? (Explanation for each word); a. Accountability b. Terrorism c. Shrinking World d. Technology/Internet e. Free Trade f. Culture g. Capitalism h. Monopoly power i. environment
- "We must ensure that the global market is embedded in broadly shared values and practices that reflect global social needs, and that all the world’s people share the benefits of globalization." Considering this quote by Kofi Annan, past secretary general of the United Nations, critically discuss the negatives or disadvantages of globalization.which of the following statements is true of globalization? a. it has curbed the growth of middle class in developing countries. b. it increases prices and decreases product and service quality. c. It leads to monopoly of domestic producers. d. it expands economic freedom and increases the living standards of people.What is the connection of globalization to each word? (Explanation for each word); a. Integration of Economies b. Equality / Inequality c. Communication d. Recognition e. Trade versus Aid f. Outsourcing g. Brands h. Exploitation i. Growth j. Poverty