GEB - Globalization can be defined as the ongoing social,...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Globalization can be defined as the “ongoing social, economic, and political process that deepens and broadens the relationships and inter-dependencies amongst nations—their people, their firms, their organizations, and their governments. Reasons for Recent Growth in International Business 1. Technological advancements: They have reduced the cost of transportation and communications. This has made international operations more feasible. 2. Liberalization of cross-border movements: Companies can now move goods, capital, and labor across borders more freely than ever before. Countries are realizing that it is in their best interest to open their borders to goods, capital, and labor. 3. Development of supporting institutional arrangements: Examples include international tax treaties, standardized accounting rules, and similar arrangements, made by both governments and private businesses. These supporting institutional arrangements make the flow of goods easier than ever before. 4.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

GEB - Globalization can be defined as the ongoing social,...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online