ADMS 1000 Chapter 8: Global Forces

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

Reading 7 - chapter 8 - global forces. Outsourcing involves hiring external organizations to conduct work in certain functions of an organization. For example, payroll, accounting, and legal work can all be assigned to outsourced staff. When this practice is done using foreign labour it has been referred to as offshore outsourcing or offshoring. Globalization may be considered as a process involving the integration of national economies and the process of generating a single world economic system. Recurrent themes raised in any discussion of globalization include the following: Globalization can be considered a process that is expanding the degree and forms of cross-border transactions among people, assets, goods, and services. Globalization refers to the growth in direct foreign investment in regions across the world. Globalization reflects the shift toward increasing economic interdependence - the process of generating one world economic system or a global economy.