Questions and Answers
What does economic globalization at a global scale imply?
Greater worldwide convergence of variables and economic dimensions
What is the implication of more globalization?
Less importance of local issues
How is the degree of globalization of specific countries measured?
Foreign trade flow: X + M as % of GDP
What does economic globalization at a country scale imply?
Signup and view all the answers
What is the implication of the issue of size in economic globalization?
Signup and view all the answers
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Study Notes
Global Business Environment
Globalization and International Business
- Globalization is a complex social and economic phenomenon that implies a shift towards greater integration and interdependence among economies of different countries.
- It involves the intensification of international flows of people, services, technology, knowledge, capitals, information, and more.
- Globalization can be analyzed at different levels:
Globalization Levels
- Global scale: implies a global perspective, looking at the world as a whole.
- Country scale: focuses on the impact of globalization on individual countries.
- Industry scale: examines the effects of globalization on specific industries.
- Company scale: analyzes the impact of globalization on individual companies.
Economic Globalization
- Economic globalization refers to the growing integration and interdependence of economies around the world.
- It involves the increasing flow of goods, services, ideas, and capital across national borders.
- Economic globalization is a complex phenomenon that can be both beneficial and detrimental, depending on the context.
