Globalization Questionnaire

University of PhoenixMGT 448 Global Business StrategiesMarch 9th, 2009 What is globalization, and what are some of the traditional worldwide flock theories that support the concept of globalization??Globalization refers to the stir up toward a more integrated and interdependent world thrift? (Hill, 2009, p.6). Globalization is the process in which economies of countries all almost the world become integrated over a period of quantify leading to organizations having entree to a wider market base and consumers having access to a larger variety of goods and services.

Carnegie Endowment for International peace (2009), states thatGlobalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investing and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic ontogeny and prosperity, and on human physical well-being in societies around the world (para.1).

International trade occurs because of relative price differences among nations. The differences stem from variations in production costs which then number from the following four factors, 1- differences in the factors of production, 2-the differences in the levels of technology which hold the factor intensities used, 3- differences in the efficiencies with which these are utilized, and 4-foreign exchange rates (Ball & deoxyadenosine monophosphate; McCulloch, 1999).



International trade theory shows that nations will attain a higher level of living by specializing in goods for which they deliver a comparative advantage and importing those for which they have a comparative disadvantage.

List the major drivers of globalization and give deuce-ace examples of each.

There are two factors that motivate globalization, the first is declining trade and investment barriers and the second is the role of technological change (Hill, 2009).

Declining craftsmanship and Investment BarriersThe first driving force is the decline in trade barriers.

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