Globalization Questionnaire Essay

Globalization is a shift toward a more than interdependent and integrated world economy (Hill, 2009). The globalisation of markets and the globalization of production ar several factors of globalization. Advances in transportation and telecommunications make it thinkable for businesses to reach other countries. National economies are merging and material conclusion looks the same no matter where an individual is in the world. Mercantilism, absolute advantage, comparative advantage, new trade theory, Heckscher-Ohlin, product life-cycle, and national competitive advantage are all international trade theories.Drivers of Globalization One driver of globalization is the declining trade and investment barriers. Many decades ago, strict barriers to international trade and convey foreign investment existed (Hill, 2009). The World Trade Organization (WTO) was established to friend countries work to defineher in an effort to cut tariffs on industrial services, goods, and agriculture. T he other driver of globalization is technological change. Advances in information processing, transportation, and the internet have evolved since World War II (Hill, 2009). The microprocessor is the single most serious innovation in technology.Microprocessors encode, transmit, and decode information. The rapid expansion of the Internet has sound the information backbone of the global economy (2009). The Internet makes it easy for buyers and sellers to dole out business without having to leave their home or office. Transportation technology has go on with the development of containerization, superfreighters, and commercial jets. Commercial jets have reduced the time it takes to get from one place to another and containerization has lowered the cost of shipping goods close to the world.* Effects of Globalization on CommunityThe values and norms of an individuals culture are influenced by social structure, language, religion, and direction. Class-conscious societies are characte rized by low social mobility and a high percentage point of stratification enchantment less class-conscious societies are characterized by a low degree of stratification and high social mobility. Language has spoken and unspoken dimensions and countries with more than one language have more than one culture. Formal education is a way individuals are socialized into the values and norms of a parliamentary law through learned skills. Religion is a system of shared beliefs and rituals.