MGT 450
Globlizations Questionniare

Globlizations Questionniare - Running head GLOBALIZATION...

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Running head: GLOBALIZATION QUESTIONNAIRE 1 Globalization Questionnaire Latoya Hughes MGT/448 Smita, Poddar
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GLOBALIZATION QUESTIONNIAR 2 Globalization Questionnaire Globalization is a shift towards a more integrated and interdependent world economy. For instance it is the process of interaction and integration among not only people but companies, and governments of different nations. It is also an everlasting process driven by international trade and investment and aided by information technology. (Hall, 2015) As a result of this process globalization has left effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Globalization in so many words is the way people or countries around the world interact and integrate. One international theory that supports the concept of globalization is Mercantilism. Its overall goal was to increase a nation’s wealth by imposing government regulations concerning all nations’ commercial interests. In other words a country would benefit more if they maintain a trade surplus, to export more than it imported. Another theory that supports the concept of globalization is the theory of absolute advantage which suggest that countries different in their ability to produce all goods efficiently. It also states that a country should
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