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Why is the world economy becoming more integrated what are the implications of this integration for international managers?
Wiki User
∙ 12y ago
because more countries are growing economically and they want to be part of the world economic and the countries who are inside are working in a best performance, the managers are obligated to be more competitive.
Wiki User
∙ 12y ago
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Definition of economic globalization?
Economic globalization can be defined as the process by which markets and production in different countries are becoming increasingly interdependent due to the dynamics of trade in goods and services and flows of capital and technology. It is not a new phenomenon but the continuation of developments that have been in train for some considerable time.(European Commission, 1997, p45)
Richer are becoming more richer and poorer are becoming more poorer?
Yes, it is happend in only capitalisum economy.
What are some resources that are becoming increasingly scarce in world?
fossil fuel and coals are becoming quite scarce. that's why we are going to solar, wind, and water energy.
What is globalization and what are its implications for working in the economy?
The term "globalization" is commonly used to describe that local economies are becoming one global economy. Many goods and services come from all over the world. This could be raw materials are extracted in one country, shipped to another counter where they are refined/processed , and then finally distributed into a local economy With more competition, prices and profits are expected to decrease and inefficient firms will be forced to become efficient or close down. Globalization has many implications for people all over the world but overall economic welfare is increased for society because prices will be cheaper and more choices available. For working in the economy, job pay will be directly tied to the amount of skill that is required to perform the job. For best results, specialize either by getting an advanced degree or learning a technical trade. -NW
What new economic activity is becoming important in Uzbekistan?
herding
What is a good word for blending into a new culture?
Assimilation, or the process of becoming fully integrated into another cultural group.
What language will be use in international language?
English is commonly used as the international language for communication and business due to its widespread use and acceptance around the world.
Why is environmentalism a growing factor in international relations?
Environmentalism is becoming a growing factor in international relations due to the recognition of the interconnectedness of environmental issues across borders. Climate change, biodiversity loss, and resource depletion are increasingly seen as global challenges that require collective action. As these issues have profound implications for human security, economic stability, and political cooperation, they are now central to diplomatic discussions and negotiations among countries.
What is an individuated character?
A character with their own unique personality and history is an individuated character. individuation means becoming a person with a completely integrated personality.
Why is international foods becoming popular?
because those pipu livin international bring d food down to many countries
How does one go about becoming an Arbonne International consultant?
One can become an Arbonne International consultant by applying directly to Arbonne International. The alternative is to be introduced through a local affiliate.
What are the release dates for Becoming Tomorrow - 2002?
Becoming Tomorrow - 2002 was released on: USA: 2002 (Comic-Con International Independent Film Festival)
This organization was created in 1919 to decrease the likelihood of international disputes becoming violent?
League of Nations
How old was Theo Walcott when he made his international debut?
Theo Walcott made his international debut on May 30, 2006, becoming the youngest England international at the age of 17 years, 75 days.
How are integration and assimilation alike?
Integration and assimilation both involve the process of individuals or groups becoming part of a new culture or society. Both concepts imply some level of adaptation and interaction with the new environment. However, assimilation typically implies a more complete absorption or adoption of the new culture, while integration may allow for the preservation of some aspects of the original culture.
Why do the authors say that Mexico is becoming an international player?
Although the question needs more context, Mexico is becoming an active international player due to its huge population (11th most populated in the world), economy (also 11th in terms of GDP) and international trade (12th largest exporter). It has become more and more involved in international forums and forms part of both G-20 and OECD.
Why is titanium used in knee replacement surgeries?
Titanium can form a chemical bond with bone, becoming integrated completely. Bone rejects most other elements.
