DB 1.docx - How is globalization affecting businesses in...

How is globalization affecting businesses in the US? Discuss how it
is impacting Regional Economic Integration and FDI.
You are expected to:
1. Define globalization the context of an industry / product/ service. It
could be your class projects' product/service.
2. Display understanding of Regional Economic Integration, apply it in
a situation with an example and also discuss FDI in the context.
3. Discuss the role of IMF and exchange rates briefly.
4. Discuss the role of culture in business across nations.
 Globalization is the process of organizations developing international
influence or to start operation on an international scale. This allows for
many opportunities for many US companies. It has opened more
markets for the United States, allowing American companies to sell
their products worldwide, which allows the nation to stay “on top”
economically. Globalization has opened more markets, but it has
increased real-time communication abilities between international
organizations. This then allows for a greater emphasis on international
cooperation. Americans are then able to create cheaper products, due
to cheaper labor costs in other countries. Moving operations overseas
is a downfall for American people because they are now having to
compete with foreign workers.
 Regional Economic Integration is when nations meet up to frame
organized commerce zones or traditions associations, offering
individuals exchange access to business sectors. The favorable
circumstances of financial joining have three classes: trade, work, and