Globalization Questionnaire Essay

Globalization is a shift toward a more interdependent and integrated introduction thrift (Hill, 2009). The globalization of markets and the globalization of work are several factors of globalization. Advances in expatriate and telecommunications make it possible for ph star linees to reach early(a) countries. National economies are merging and stuff socialization looks the same no amour where an individual is in the world. Mercantilism, absolute advantage, comparative advantage, new throw theory, Heckscher-Ohlin, product life-cycle, and guinea pig competitive advantage are all told international trade theories.Drivers of Globalization star driver of globalization is the declining trade and enthronisation barriers. Many decades ago, strict barriers to international trade and direct foreign investment existed (Hill, 2009). The population Trade Organization (WTO) was established to help countries work together in an social movement to cut tariffs on industrial service s, goods, and agriculture. The early(a) driver of globalization is technological change. Advances in information processing, transportation, and the Internet have evolved since introduction War II (Hill, 2009). The microprocessor is the single just about important innovation in technology.Microprocessors encode, transmit, and decode information. The rapid expansion of the Internet has move most the information backb oneness of the global economy (2009). The Internet makes it easy for buyers and sellers to conduct business without having to leave their home or office. pane technology has advanced with the development of containerization, superfreighters, and commercialized jets. Commercial jets have reduced the magazine it takes to get from one place to some other and containerization has lowered the cost of shipping goods around the world.* Effects of Globalization on partnership The values and norms of an individuals culture are influenced by social structure, languag e, religion, and education. bedded societies are characterized by low social mobility and a high breaker point of social stratification while less class-conscious societies are characterized by a low degree of stratification and high social mobility. talking to has spoken and unspoken dimensions and countries with more than one language have more than one culture. Formal education is a manner individuals are socialized into the values and norms of a society through learned skills. faith is a system of shared beliefs and rituals.