STEN 3930 Study Guide - Midterm Guide: Culture Shock, Economist Intelligence Unit, Strategic Alliance
Document Summary
Globalization: the widening set of interdependent relationships among people from different parts of the world that happen to be divided into nations. Sometimes refers to the elimination of barriers to international movements of goods, services, capital, technology and people that influence the integration of world economies. Wider human connections have expanded peoples access to more varied resources, p/s, and (cid:373)a(cid:396)ke(cid:396)s. we"(cid:448)e alte(cid:396)ed the (cid:449)a(cid:455) (cid:449)e (cid:449)a(cid:374)t a(cid:374)d e(cid:454)pe(cid:272)t to li(cid:448)e a(cid:374)d (cid:449)e"(cid:448)e (cid:271)e(cid:272)o(cid:373)e (cid:373)o(cid:396)e deepl(cid:455) affected by conditions outside our immediate domains. Globalization allows us to get more variety, better quality or lower prices. International business: all commercial transactions, including sales, investment and transportation that take place between two or more countries. Measuring globalization is problematic, especially for historical comparison. Various reliable indicators assure us that economic interdependence has been increasing, at least since the last since the mid-twentieth century. About 25% of world production is outside of its country of origin.
