Global - the world Many countries of the world opened their economies which allowed companies to become multinational much easily than earlier

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1. The world is no more rounds because of the result of globalisation. The world is undergoing a greater degree of globalisation, driven by rapid technological change and collapse of political barriers. World is flat means lots of things in this world have changed socially, politically and socioeconomic barriers have been slowly removed due to the advancement of technologies. The age of internet has brought the people around the world closer and turned world into global village. The invention of internet has made possible for businessmen around the world to communicate easily, by shortening the time and distance throughout
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Unformatted text preview: the world. Many countries of the world opened their economies which allowed companies to become multinational much easily than earlier, helping money to flow through the borders. This created new jobs and opportunities to the people. With advancements in technologies, , the world is becoming smaller in a sense. e.g. mexico was number two importer to the United States behind Canada by 2003, but now China had taken the responsibility despite it was having the advantage of NAFTA. 2....
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This note was uploaded on 06/23/2011 for the course BUSINESS 2293 taught by Professor Mummzy during the Spring '11 term at Langara.

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