![]() ![]() The globalization debate surrounds whether and how fast markets are actually merging together. This shift is fueled largely by (1) declining trade and investment barriers and (2) new technologies, such as the Internet. Remember, globalization refers to the shift toward a more interdependent and integrated global economy. For instance, the ubiquity of such food purveyors as Coca-Cola and McDonald’s in practically every country reflects the fact that some consumer tastes are converging, though at the likely expense of local beverages and foods. What is the globalization debate? Well, it’s not so much a debate as it is a stark difference of opinion on how the internationalization of businesses is affecting countries’ cultural, consumer, and national identities-and whether these changes are desirable. Moving goods great distances was simply too hard and costly to waste the effort on ordinary products, although people often carted grain and other foods over shorter distances from farms to market towns. Thousands of years ago, merchants transported only the most precious items-silk, gold and other precious metals and jewels, spices, porcelains, and medicines-via ancient, extended land and sea trade routes, including the famed Silk Road through central Asia. Long-distance commerce wasn’t always this common, although foreign trade-the movement of goods from one geographic region to another-has been a key factor in human affairs since prehistoric times. Most modern shoppers take the “Made in ” stickers on their products for granted. In today’s global economy, everyone is accustomed to buying goods from other countries-electronics from Taiwan, vegetables from Mexico, clothing from China, cars from Korea, and skirts from India. Know the dimensions of the CAGE analytical framework.Understand the multidomestic perspective in the globalization debate. ![]() Understand the flattening world perspective in the globalization debate.After reading this section, students should be able to … ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |