ADMS 1000 Lecture 5: case study #5

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: kristal bautista

Document Summary

Furthermore, all these themes play an important role in globalization. The first element of globalization that is reflected in the case is economic globalization which handles the long distance flow of goods and also the capital and services that a market exchanges. In the case study, it is important to note that demand was growing faster than supply causing increased prices which is why a business needs their resources in order to produce goods and services. As china and india"s economies grow, canada can trade its natural resources and develop stronger economic relationships with these countries which allows them to invest more in canada"s business. The second element has to do with social globalization which is the spread of ideas and information. This leads the organizations to engage in global business by exporting/importing, outsourcing/offshoring etc. A global business engages directly in some form of international activity such as international production. Rio tinto is expanding their business to china and.