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Globalization: Definition, Scope, Impact on Global Business, Historical Development, and Relationships with International Trade, Financial Market, and Technology

   

Added on  2023-06-15

13 Pages878 Words216 Views
Economics
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GLOBALIZATION
Globalization: Definition, Scope, Impact on Global Business, Historical Development, and Relationships with International Trade, Financial Market, and Technology_1

DEFINITION
Globalization can be defined
as the process with the help
of which organizations and
businesses start their
operations on an
international scale or
develop international
influence (Steger, 2017).
Globalization: Definition, Scope, Impact on Global Business, Historical Development, and Relationships with International Trade, Financial Market, and Technology_2

SCOPE
The scope of globalization
is extended to :
Technology
Economics
Finance
Culture
Politics (Olteanu, 2011)
Globalization: Definition, Scope, Impact on Global Business, Historical Development, and Relationships with International Trade, Financial Market, and Technology_3

I M PA C T O F G L O B A L I Z AT I O N O N
G L O B A L B U S I N E S S
Increased Mergers and Joint Ventures
(Boudreaux, 2008)
Rise in Competition
Rise in Technical know-how
Rise in Opportunities
Rise in Investment Levels
Economies of Scale
Globalization: Definition, Scope, Impact on Global Business, Historical Development, and Relationships with International Trade, Financial Market, and Technology_4

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