MGCR 382 Lecture Notes - Lecture 6: Richard Florida, Thomas Friedman, Flattening
Document Summary
Globalization: the widening set of interconnected & interdependent relationships among people from different parts of a world of divided nations. Interdependence involves economic, cultural, political & technological dimensions. Globalization is done between countries and within countries. Factors contributing to the growth of globalization: rise in application of technology, liberalization of cross-border trade and resource movements, development of services that support ib, growth of consumer pressures. Increase in global competition: changes in political situations, expansion of cross-national cooperation. Multinational refers to a company that operates in more than one country: mnc multinational corporation, mne multinational enterprise, tnc transnational company. Myths of globalization: globalization is new, globalization is extensive, globalization is unavoidable, globalization erases geographical distance, globalization erases economic distance. Why companies engage in ib: sales expansion, exporting to countries with high demand increases sales, which motivates companies to expand into international markets.
