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Explain how changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes? How do the Internet and the associated World Wide Web affect international business activity and the globalization of the world economy?

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30 Apr 2018

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We have learned that many countries of the world are transitioning to a market based economy. This economic change has been fueled by political changes in these various countries. With that said, do you feel that these circumstances have lead to the spread of globalization? Please explain your answer fully.

Discuss how globalization has forced companies to compete internationally to increase efficiency. As a result, there have been changes in the institutional environment that have contributed to the evolution of business systems which led to transitions in HRM policies. Also, discuss the impact of these changes in at least one Asian country.

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Question 9

The dynamic of FDI is also associated with structural changes in the world economy. Among the most important structural changes in the world, we have:

a. With the increasing importance of transnational corporation, transnational and interregional competition for market share is less intensive

b. Increasing importance of outsourcing

c. New division of labor

d. b) and c) are true

Question 10

With respect to evidence of the globalization of economic activity presented by the author, indicate which of the following propositions is false:

a. Daily turnover on the foreign exchange market more than doubled from 1989 to 2001.

b. Despite the no significant liberalization of national financial markets, the level of global capital flows has expanded significantly.

c. Annual foreign exchange turnover by 2004 was more than sixty times greater than in 1973.

d. All of the above

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