Globalization

globalisation By HEBSMB49 Workshop 1 assignment overdue January 18, 2011 Submitted January 18, 2011 Globalization Introduction Modern technology has for good and dramatically altered the landscape in which businesses cultivate. Advances in computers and telecommunications concord enabled businesses to operate around the clock, reducing the amount of resources wasted, while maximizing expertness and providing maximum results to sh atomic number 18holders and consumers alike. What is Globalization? Globalization refers to the action by which barriers to trade between countries argon reduced or eliminated, advances in transportation and communication make distances between countries immaterial, and national economies are gradually merging into an integrated world preservation (Hill, 2009, p. 4). Globalization allows countries to produce and export the goods and services at which they are most(prenominal) efficient, while importing the good s and services from other countries at which those countries are most efficient. This allows goods and services to be produced and offered at the lowest possible prices for the consumer. Several international trading theories support the concept of globalisation, including the globalization of markets and the globalization of production.

Globalization of markets refers to the trend of multi-national companies selling their products in countries where they previously had no presence. A prime example of this is the world-wide expansion of McDonalds restaurants into international markets. From humb le beginnings as a one-store operation in Sa! n Bernardino, CA in 1940, to more than 32,000 restaurants in 117 countries, with 1.7 million employees (McDonalds, 2010), McDonalds is the epitome of market globalization. Other examples of market globalization vex such American brands as Coca-Cola, Pepsi-Cola, and Starbucks coffee. Each of these companies have shrewdly expanded their market share in countries other than the United...If you strike to get a full essay, order it on our website: OrderCustomPaper.com

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