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Is International Business best described as globalization or international trade?

Both!! Because globalization is a huge factor, it increases communication between different countries, to increase trade! International business covers all aspects of business (accounting, financing, marketing, etc...) but from a multicultural and more diverse aspect


How did the development of standardized shipping containers contributed to the growth of globalization?

Standardized shipping containers helped streamline the logistics of moving goods by sea, making shipping more efficient and cost-effective. This lowered transportation costs and reduced the time needed to move goods between countries. As a result, it facilitated the increase in global trade, leading to the growth of globalization by allowing businesses to more easily reach international markets.


Is fair trade an example of globalization?

Globiliza can increase the risk of a pandemic because it


What is the increase in conncetions between cultures around the world called?

Globalization


Globalization has led to a rapid increase in what?

Population density


The process of globalization involves an increase in what?

The mobility of goods, services, labor, and capital


What is the difference between globalization and globalism?

Globalism is the idea of events in one country that cannot be separated from those in another. Globalization is the increase of trade around the world.


What were the main forces promoting globalization in the 20nth century?

Modern era globalization happened in the 19th and 20th centuries as a means for trade and to increase the economy. Globalization benefited a larger group of people and create jobs worldwide.


Which of these contributed to the increase in slavery?

cotton gin


Which current trend tied to increase globalization has the effect of easier outsourcing?

improved communication


How Globalization effect on work diversity?

Globalization helps managers increase diversity because they can promote employees across nations. This also helps the organization succeed within its industry.


What was true about rapid increase of you s cotton exports?

The rapid increase in U.S. cotton exports was primarily driven by a combination of factors, including advancements in agricultural technology, which boosted cotton yields, and the globalization of trade, which opened new markets. Additionally, the demand for cotton in emerging economies, particularly in Asia, played a significant role in increasing exports. Government policies and subsidies also contributed to the competitiveness of U.S. cotton on the global stage. Overall, these factors collectively enhanced the prominence of U.S. cotton in international markets.