COMM 104 Lecture Notes - Lecture 8: Foreign Corporation, Videotelephony, Economic Globalization
1 Sep 2016
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Case study and case study discussion gildan activewear. Economic globalization is the subject of much debate its origins causes values impacts. For some globalization is the inevitable result of economic and social evolution a powerful force for good that will raise living standards around the globe. Economic globalization describes the processes of integrating businesses beyond national borders through global sourcing global networks and managers and global markets. Economic globalization describes a process of greater economic integration across national borders facilitated by several key developments 1 free trade laws 2 new information technologies and 3 improved transportation systems. Free trade laws reduced or eliminated tariffs on imported goods making it more economically viable for corps to source their products from economically developing nations were production costs are lower. New information technologies such as the internet email and video conferencing have made global business integration and control more feasible and cost effective than in the past.
