Globalization

globalisation By HEBSMB49 Workshop 1 assignment callable January 18, 2011 Submitted January 18, 2011 Globalization Introduction Modern technology has for good and dramatically altered the landscape in which businesses give-up the ghost. Advances in computers and telecommunications concord enabled businesses to operate around the clock, reducing the amount of resources wasted, while maximizing skill and providing maximum results to sh atomic number 18holders and consumers alike. What is Globalization? Globalization refers to the attend by which barriers to trade between countries atomic number 18 reduced or eliminated, advances in transportation and communication make distances between countries immaterial, and theme economies are gradually merging into an integrated world economy (Hill, 2009, p. 4). Globalization allows countries to produce and export the goods and services at which they are most(prenominal) efficient, while importing t he goods 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 attainable 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 antecedently had no presence. A prime example of this is the world-wide expansion of McDonalds restaurants into international markets. From humble beginnings as a one-store operation in San 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 embarrass such American brands as Coca-Cola, Pepsi-Cola, and Starbucks coffee. Each of these compani es have shrewdly expanded their market sha! re in countries other than the United...If you contract to get a full essay, order it on our website: OrderCustomPaper.com

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