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What are some of the traditional international trade theories that support the concept of globalization?
No one theory alone can describe the pattern of international trade. Together, the theories of Free Trade, Life-Cycle, Mercantilism, Heckscher0Ohlin, New Trade and Porter's Theory support the concept of globalization.
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
Describe the driving business forces in both the foreign and domestic environment and in what ways do they operate differently?
There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Following are the five drivers with an example for each kind: (1) political-preferential trading agreements, (2) technological- advances in communications technology, (3) market- global firms become global customers, (4) cost-globalization of product lines and production helps reduce costs by achieving economies of scale, and (5) competitive-firms are defending their home markets from foreign competitors by entering the foreign competitors' markets (Ball−McCulloch−Frantz−Geringer−Minor: International Business, 10th Edition, 2005) There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Following are the five drivers with an example for each kind: (1) political-preferential trading agreements, (2) technological- advances in communications technology, (3) market- global firms become global customers, (4) cost-globalization of product lines and production helps reduce costs by achieving economies of scale, and (5) competitive-firms are defending their home markets from foreign competitors by entering the foreign competitors' markets (Ball−McCulloch−Frantz−Geringer−Minor: International Business, 10th Edition, 2005)
3 Should an economic model describe reality exactly?
# Should an economic model describe reality exactly?
What market structure best describe the market for cars in the US?
What market structure best describe the market for cars in the US?
Describe 5 ways in which globalization has affected a business in their effort to create a competitive advantage?
Describe 5 ways in which globalization has affected a business in their effoet to create a competitive advantage.
Which characteristic can be used to describe people of the Arabian Peninsula before the emergence of Islam?
polytheist
describe the emergence of strategic HRM and the influence of computer technolgoy?
the development of HRIS helped enable HRM to become a strategic partner in organizations, when then led to the emergence of strategic HRM.
What term is used to describe a location with many different cultural groups?
Melting Pot!
How would you describe the period of time between auguste piccard's arrival at the surface and his emergence from the vessel?
It was tedious and boring.
Can you describe the emergence of agriculture in Egypt Mesopotamia India and China and how did geography affect the early complex societies in these areas?
Yes!!
What is it called when a butterfly comes out of the chrysalis?
Eclosion is the word used to describe the emergence of an adult butterfly from the pupil stage of chrysalis.
What led to the discontinuation of the term first World second world and third world to describe global stratification?
the emergence of the postindustrial society
what led to the discontinuation of the terms First World Second World and Third World to describe global stratification?
the emergence of the postindustrial society
What is the relationship between reductionism and emergence in complex systems?
Reductionism and emergence are two concepts that describe how complex systems can be understood. Reductionism breaks down complex systems into simpler parts to analyze them, while emergence focuses on how these parts interact to create new properties at a higher level. In complex systems, reductionism helps understand the basic components, while emergence reveals how these components work together to produce complex behaviors.
What are some of the traditional international trade theories that support the concept of globalization?
No one theory alone can describe the pattern of international trade. Together, the theories of Free Trade, Life-Cycle, Mercantilism, Heckscher0Ohlin, New Trade and Porter's Theory support the concept of globalization.
What poem did TS Eliot describe a world filled with empty dreams?
T.S. Eliot described a world filled with empty dreams in his poem "The Hollow Men." It explores themes of spiritual emptiness and disillusionment, and highlights the fragmented nature of modern life.
