1. INTRO-TO-GLOBALIZATION.pdf

Contemporary World Lesson Objectives: ✓explain the concept of Globalization ✓recognize the roles of Information Technology in Globalization ✓discover the advantages and issues faced by global firms as they face a global economy ✓ examining the multifaceted phenomenon of globalization ✓ consid...

Contemporary World Lesson Objectives: ✓explain the concept of Globalization ✓recognize the roles of Information Technology in Globalization ✓discover the advantages and issues faced by global firms as they face a global economy ✓ examining the multifaceted phenomenon of globalization ✓ considering the economic, social, political, technological, and other transformations that have created an increasing awareness of the interconnectedness of people and places around the globe ✓ integration of goods, services, and culture among the nations of the world ✓ experienced since the days of European colonization ✓ innovations and advances in telecommunication and transportation technologies accelerated globalization ✓ The Internet enabled all nations to become next-door neighbors. ✓ took place from 1429 until about 1800 ✓ It has been centered around different countries. ✓ focused on how much horsepower, wind power, and steam power a country had and how creatively they have been deployed ✓ took place from 1800 until about 2000 ✓ It has been interrupted by only two World Wars. ✓ Multinational companies became its dynamic force and driving change. ✓ convergence of computers, fiber-optic internet connections, and software has created a “flat- world platform” ✓ This is the newfound power of the individuals to collaborate and to compete globally provided by the internet. 1. Information is readily available. 2. Information is readily accessible via electronic transactions which made businesses competitively-edged and improves productivity. 3. Storage of large amounts of information came to light. 4. Internet communication from a large distance in any format (text, video, audio, etc.) at a lower or no cost at all. 1. The new era of globalization enabled businesses to become international. 2. The ability to locate expertise and labor around the world. 3. The ability to operate 24 hours a day which makes a larger marker for their products. 1. Labor laws and regulations 2. Legal restrictions 3. Infrastructure differences 4. Language, customs, and preferences 5. International differences 6. Cultural differences Kindly identify if the given sentence is True or False. The contemporary world and globalization stand hand in hand. Economic matters is considered in the study of Globalization. Information Technology accelerates Globalization. Cultural differences in any form do not concern global firms. Businesses didn’t become international because of the new era of globalization.