assignment #5.docx

assignment #5.docx - Name Eva Friedman Student number...

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Name: Eva Friedman Student number: 210936441 ADMS 1000, July 23, 2018. Answer to question one: Globalization according to the course textbook is a process involving the integration of national economics and process of generating a single economic system. It can also include the expansion of the degree and forms across-border transactions, the growth in direct foreign investment in re- gion across the world and a shift toward increasing economic interdependence. The first element of globalization in this case is expanding cross border. Rio Tinto is a global company that her headquarters are in Britain and Australia and now bought Alcan in Canada. Hence expanding in cross-border. The second element is the growth in direct foreign investment. It says in the case that Alcan is now helping Rio Tinto to expand into India and China. In addition it also mentions that Canadi- ans are worried because the corporate sector is being “hollowed out” by a lot of foreign
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