Question

Write 500 words (+ 50 words) using APA style format to answer the following question.

Unit Exercise 1

One argument in the debate surrounding globalization is about the inequality between developed and developing nations. Explain how reduced barriers to trade and investment might help reduce this inequality.

Subject is International Business Environment

Answer 1

In the debate surrounding globalization is one of the three main dimensions of globalization that is common in the other two study countries: political globalization and cultural globalization and the term globalization in general. Globalization refers to the broad international movement of goods, capital, services, technology and information. This is the economic integration and interdependence of national, regional and regional economies through strengthening cross-border movements of goods, services, technology and capital. Globalization includes the globalization of production, finance, markets, technology, regulations, organizations, institutions, corporations and the workforce.

As globalization progresses with the advent of cross-border trade, it is accelerating due to the efficiency of long-distance transportation, the growth of telecommunications, the importance of information rather than physical capital in modern economies and development science and technology. The pace of globalization has also increased within the framework of the General Agreement on Tariffs and Trade and the WTO, in which the parties are gradually reducing trade barriers and opening up their current and capital accounts. They recent growth has been strongly supported by developing countries that are integrating with developing countries through foreign direct investment, low trade costs, low trade barriers and, in many cases, migration , coss-border areas.

While globalization has significantly increased incomes and economic growth in developing countries and reduced consumer prices in developed countries, it has also shifted the balance of power between developing and developing countries and affected the culture of developing countries. And changes in product production have led to more jobs abroad, prompting some workers to change careers.
Businesses are involved in globalization in many different ways. Many companies now have an international supply chain that prefers cheap local production. Some are involved in overseas distribution to low-wage countries, which includes business process negotiations (e.g., wage reform, demand reform) and non-essential operations and / or functions (eg production, management) and Call center for another country.

Multinational corporations operate in many countries because they want to sell goods and services in the local market or because one country has advantages such as natural resources, low wages, low taxes or a set of advantages.
In terms of economics, globalization of goods, services, economic resources, capital, technology and data. In addition, the growth of the world market frees up economic activity in the exchange of goods and funds. The elimination of cross-border trade barriers has made the creation of a global market more feasible. Steam locomotives, aircraft engines and containers are part of the progress of transportation, as the rise of telegraph and the modern offspring of the Internet and mobile phones marked the development of telecommunication infrastructure. All of these improvements are major drivers of globalization and have created interdependence for economic and cultural activities around the world.

Although many scientists mark the beginnings of globalization in modern times, others trace its history long before the European era of discovery and travel to the New World, some even through the millennium. Third, large-scale globalization began in the 1820s. By the end of the 19th century and the beginning of the 20th century, global economic and cultural relations grew rapidly. The word globalization is new, meaning it exists only in the 1970s.

In 2000, the International Monetary Fund identified four aspects of globalization: trade and operations, capital and investment exchanges, migration and human rights, and knowledge dissemination. In addition, environmental challenges such as global warming, transboundary water, pollution and overfishing are associated with globalization. The process of globalization is influenced and influenced by the organization of business and employment, economics, cultural resources, society and the natural environment. Literary studies typically divide globalization into three major areas: globalization, cultural globalization, and political globalization.