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Business Globalization
Business globalization is generally connecting economic regions worldwide in a network of trade, communication and transportation. The companies that use these networks manage resources on a global scale to meet their financial goals.
1,232 Questions
What is the explanation of globalization?
Globalization is the broadening of scope of any enterprise to include the entire planet. This can apply to markets, governments, etc. A globalized market is one that can theoretically reach the entire globe with its products, and has impacts at the local level.
20 years ago...globalization has started occuring
unless you class when we founded America and used it for cotton as globalisation.
Some people would say in the 1500s with Europe exploring the whole world by sea and colonizing. But really was not the Roman Empire a world globalizer in it's day and much similar many civilizations before it to the point to where you would say maybe civilization itself is a world globalizer more so then hunter and gatherer societies.
What determines the amount of money a country can print?
A countries central banking system generally decides what amount of money a country can print. Contrary to popular belief, gold or precious metals are irrelevent and uncessary to give money a value. The only reason that gold (or other metals) have value is because people have accepted them as having value. Just as people may accept that an apple might have some sort of value or a banana might have some sort of value. Gold (and other metals) are a scarce resource and therefore had been accepted as a medium of echange long before paper money.
A medium of echange is necessary for two reasons.
1. People need to have a base from what to compare things to. That is, it is difficult to determine how many apples equal a banana or how many cars equal an airplane for example. We do however know that say an apple is worth $.50 and a banana is worth $.75.
2. People need a way to store their productive efforts so that they can be used in the future as necessary.
A country should generally wish that their paper money is still a scarce resource (that is the country's bank controls the amount printed and makes it difficult to copy). In this way money can be used to reimburse an individual for his production efforts and then he or she can use this money to pay someone else for producing something else they don't have but they need.
Generally speaking a reputable country will produce enough bills and coinage to 'meet demand' - naturally money is always 'in demand' so this means replacing bills damaged through use. In the case of the US it should be noted that most 'money' doesn't exist in the form of money, and as a matter of fact most currency is actually held outside the country by foreigners.
If too much money is printed or created holders may fear loss of value from dillution and start selling dollars to buy the currency of other countries. Like a stock the dollar will fall until foreign investors support it by buying American food, corporations, resources, and goods and services again.
What is globalization and how does it affect the American economy?
Its the economy going ever more global.
It means American businesses have to work on the global market rather than just the American one.
How is technology a major factor that has stimulated globalization?
Technology is the foundation of globalization. Without the participation of technology, this process would not be possible. Technological advances made it possible contacts between people living in different parts of the world. Modern tools of communication and transport allow companies to conduct business not only locally but also globally.
What explains this globalization? It is certainly not attributable to conquest, the source of most previous historical episodes where a single economic system has held sway over a vast geographical terrain. The source lies instead in the development of technology. The costs of transport, of travel, and above all the costs of communicating information have fallen dramatically in the postwar period, almost entirely because of the progress of technology. A 3-minute telephone call from the USA to Britain cost $12 in 1946, whereas today it can cost as little as 48 cents, despite the fact that consumer prices have multiplied by over eight times in the intervening period. The first computers were lumbering away with piles of punched cards in the early postwar years, and telegrams provided the only rapid means of written communication. There was no fax or internet or e-mail or world-wide web, no PCs or satellites or cell-phones. Today we witness phenomena that no futurist dreamed of half a century ago, such as Indians with medical degrees residing in Bangalore who earn a living by acting as secretaries to American doctors by transcribing their tapes overnight. It is clearly the availability of cheap, rapid and reliable communications that permits such phenomena, just as this is the key to the integration of the international capital market. I presume the same factor is important in nurturing the growth of multinational corporations, since it is this which enables them to exploit their intellectual property efficiently in a variety of locations without losing the ability to maintain control from head office. But in this context I would surmise that other factors are also at work, such as the spread of consumer knowledge about what is available that comes from travel and from advertising, itself encouraged by the communications revolution and its children like CNN. The reduction in transport costs is also a key factor underlying the growth in trade. Of course, it needed a reasonably peaceful world to induce economic agents to exploit the opportunities for globalization presented by technological progress. But the technological basis for the phenomenon of globalization implies that, barring an end to the "Pax Americana" or else extremely vigorous conscious actions to reverse the process, globalization is here to stay.
How can globalization negatively affect American farmers and rsquo health?
Answer this question… By pressuring farmers to use dangerous pesticides to compete on a global scale
Whats the highest position as an accountant?
if only accountant: Chief Accountant / Financial Controller
if qualified in financial management as well: CFO
What is the impact of globalization on India's agricultural sector?
Globalization affects every econmic sector - for the better nad worse, per se. In the agricultural sector, crop imports could be traded at cheaper prices, and could be exchange for another commodity becasue of the free trade - as entailed among the provisions of WTO. In this way, countries that rely primarily on agriculture (i.e. the Philippines), could purchase or import crops from another country at cheaper tariff rates, in case of a shortage. However, on the downside, countries that are more progressive agriculturally could just dump their third-rate or low-class products to their third-world trading counterpart. Thus, poor quality products could be received by the "lesser" country. "Quality Control" of the traded products is the main issue. The same thing holds true for the industrial sector. Exchnage of technoligical and industrial products will definitely exist. Both prducts may benefit mutually. Nonetheless, a possible detraction is again the instances of poor imported products from the superior countries, just like in the issue of the agricultural sector. Simply put, Globalization has its benefits as well as disadvantages. But generally, the free trade among nations - its exisitng policies - must be reviewed in order to protect the developing countries from receiving low-class imports. These countries are yet to adjust and compete globally, they are not ready to enter the fray and go head-to-head with the titans. Therefore, it must be imperative that the governing rules must be ammended. Although the free trade is yet to completely implemented, at least on the Philippine setting, nevertheless, it must be reviewed to protect and given cushion to the developing nations.
What factors have encouraged globalisation?
Globalization is an umbrella term encompassing the international business integration arising from increasing human activity and interchange of worldviews, products, ideas, and other cultural aspects. This includes transportation and communications infrastructure and the Internet, are all major factors in globalization that fosters economic interdependence and cultural activities.
How does globalization contribute to pandemics?
Globalization increased international contact allows diseases to spread farther and faster.
What US company is the best example of using globalization to reduce the price of its products?
Walmart
What are the roles of computer in business?
it has an efficient and effective control over human error.it saves a lot of time. it also serves as a useful tool for fast communication through e-mails, chatting etc,.it is possible to calculate or summarize quantitative information.
What are the theories of international business?
"http://wiki.answers.com/Q/What_are_the_theories_of_international_business business processes?
Explain the nature and benefits of International Marketing?
Enhances the domestic competitiveness
Takes advantage of international trade technology
Increase sales and profits
Extend sales potential of the existing products
Maintain cost competitiveness in your domestic market
Enhance potential for expansion of your business
Gains a global market share
Reduce dependence on existing markets
Stabilize seasonal market fluctuations
Are there any disadvantages to freight forwarding?
It is beneficial to use an international freight forwarder because they are able to do some paper work between the importer and the authorities. That would be cumbersome if there was no intermediary.
Why toluene is insoluble to water?
Toluene is an aromatic hydrocarbon and like all hydrocarbons is a non polar molecule. Water is a polar molecule. The rule of dissolving is that non polar cannot dissolve in polar
Why is the environment important to business?
The environment is important to business because on a daily basis we interact and live in an around it and what ever decisions we make will affect us within the environment whether it is positive or negative.
How do government policies and legislation affect business?
The Government affects a business in many ways by making laws, issuing taxes and also how well the government improves and maintains their infrastructure. In some countries may be pro-business and in others it may not. The infrastructure has to be good to encourage more businesses to come into the country. Only if the infrastructure is good will the transportation of goods be easy, thus encourage businesses.
What is the platt's price for d2 diesel today?
It moves up and down with the market, and the price quote is given in numerous places. The dominant Platt quote is for North Western Europe (NWE), used to be known a "Rotterdam Platt". This is given in US dollars per metric tons.
For the US market, there is a Platt quote for new York harbor, and the Mexican Gulf, in US $ per gallons. Just for the fun of it, the oil companies assumes that there is 304 gallons per MT.
The quantity traded is assumed to be 5000MT or a barge.
The Platt quotes are published by Wiley and is actually not the price of the commodity D2 Gasoil, but for the future option. Futures are traded for deliveries to be done and is used by the banks to split the profit or loss made on commodity traded on long term contracts. The pertinent question to raise is then if the Platt price quoted is formed by the banks to meet their "bets" on expected price, or actually determined by variation in supply and demand for a product.
There are a number of sites that provide the price quote. You need a paid subscription to receive the quote from Platt. The alternative is to look at bunker-prices (ship'd fuel) world wide. These bunker prices are what ship-owers pay for 1 MT of "MDO" or "MGO" - Marine Diesel Oil/ Marine Gas Oil. The other bunker fuels are furnace oils such as CST180
