man372finalpaper - Global Expansion with the United States...

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Global Expansion with the United States and Asia 1 Global Expansion with the United States and Asia Thomas Baker October 21, 2010 MAN-372 Professor Cheryl Toops
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Global Expansion with the United States and Asia 2 Introduction With the advancement and development of technology, people are now able to communicate and do business with each other even miles apart. As a result, businesspeople are able to expand their markets and undergo what we call globalization . The following will explore global expansion focused on the United States and Asia. We will look at how the Global world economy affects businesses as they expand internationally. We will also explore how the concept of trade and the international financial market influences strategies for corporations as they grow their businesses. Overall, globalization offers diversification for a company and an opportunity to grow a customer base. Companies of all sizes face similar struggles when going global, but the benefits are certainly there. Global World Economy Globalization is the growing economic interdependence of countries worldwide through increasing the volume and variety of cross-border transactions in terms of goods and services, free international capital flows and more rapid and widespread diffusion of technology (Hill). With the increasing production in different aspects, businesses decided to widen their resources and increase their target market. These key business people are the ones responsible and the initiators of globalization. One of these key persons is the richest man in the world, Bill Gates. As the chief of the Microsoft industries, Bill Gates was able to identify the need for development, and filled it (CNET). With his vision, to help educate, entertain and enrich people’s lives, Bill Gates was able to use computers as the basis for worldwide globalization.
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Global Expansion with the United States and Asia 3 In the past decades, Asia in particular has been striving to meet and cope with the demands of globalization as initiated in the Western World. In fact, it has been reported that the demand for globalization has produced drastic structural changes and rapid urbanization in most nations. In most of the Asian countries that have shown progress over the last few decades the poor of these nations have not prospered as much as the rich in the same countries. When these countries are merging into the global market there are many concessions that have to take place. The need to invest in the domestic needs of the country becomes second to the need to invest and create massive debt loads in the business expansions needed to compete globally. As such, investments in schools, housing, health care and roads fall and does not allow economic growth. Globalization has made it so that anyone with the right equipment and knowledge can
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man372finalpaper - Global Expansion with the United States...

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