Globalization

globalisation By HEBSMB49 Workshop 1 assignment callable January 18, 2011 Submitted January 18, 2011 Globalization Introduction Modern technology has for good and dramatically altered the landscape in which businesses command. Advances in computers and telecommunications concord enabled businesses to operate around the clock, reducing the amount of resources wasted, while maximizing strength and providing maximum results to sh atomic number 18holders and consumers alike. What is Globalization? Globalization refers to the procedure by which barriers to trade between countries atomic number 18 reduced or eliminated, advances in transportation and communication make distances between countries immaterial, and guinea pig economies be gradually merging into an integrated world miserliness (Hill, 2009, p. 4). Globalization allows countries to produce and export the goods and services at which they are most(prenominal) efficient, while import ing the goods and services from other countries at which those countries are most efficient. This allows goods and services to be produced and offered at the lowest get-at-able prices for the consumer. Several international trading theories support the concept of globalization, including the globalization of markets and the globalization of production.

Globalization of markets refers to the trend of multi-national companies selling their products in countries where they antecedently had no presence. A prime example of this is the world-wide expansion of McDonalds restaurants into international marke ts. From humble beginnings as a one-store ! operation in San Bernardino, CA in 1940, to more than 32,000 restaurants in 117 countries, with 1.7 million employees (McDonalds, 2010), McDonalds is the epitome of market globalization. Other examples of market globalization down such American brands as Coca-Cola, Pepsi-Cola, and Starbucks coffee. Each of these companies have crisply expanded their market share in countries other than the United...If you aim to get a full essay, order it on our website: OrderCustomPaper.com

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