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Questions and Answers
What is one of the main effects of globalization on countries?
What is one of the main effects of globalization on countries?
How does the Internet contribute to globalization?
How does the Internet contribute to globalization?
What role does AI and IoT play in logistics?
What role does AI and IoT play in logistics?
Which technology has drastically increased the speed of wireless networks?
Which technology has drastically increased the speed of wireless networks?
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What does blockchain technology primarily facilitate?
What does blockchain technology primarily facilitate?
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What is a key characteristic of manufacturing automation?
What is a key characteristic of manufacturing automation?
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How do 3D printers contribute to manufacturing?
How do 3D printers contribute to manufacturing?
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What is the primary focus of logistics in transportation?
What is the primary focus of logistics in transportation?
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Study Notes
Globalization Concepts
- Globalization is the increasing interdependence of countries' economies, cultures, and populations.
- It's driven by cross-border trade, technology, investment, people, and information flow.
- Countries, even those previously isolated, are opening their borders to embrace new technologies and opportunities.
- Globalization is a current and inevitable world trend.
- President Marcos has promoted globalization in the Philippines by encouraging foreign investment.
Globalization Objectives
- Analyze how globalization affects nations.
- Evaluate how a country can compete in the global economic landscape.
- Propose ways to enhance a nation's competitiveness in the global market.
Globalization Factors
- The Internet: Increased flow of information and knowledge; access to new ideas; cultural exchange; closing of the digital divide.
- AI and IoT: Enables tracking of assets in transit.
- Transportation and Logistics: Facilitates faster movement of goods and people.
- Communication Technology: Enables faster and more responsive wireless networks (like 4G and 5G).
- Block Chain: Decentralizes databases, facilitating secure data access.
- Manufacturing: Automation increases production process speed and supply chain flexibility; 3D printing creates new objects.
Competitive Advantage
- Competitive advantage is how a company outperforms its industry peers.
- Factors that contribute to competitive advantage are company-specific qualities.
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Description
Explore the key concepts of globalization and how it influences economies and cultures worldwide. Understand the factors that drive globalization and analyze its effects on nation competitiveness. Discover strategies for enhancing a nation's position in the global market.
