ROIB - Article report on Globalization and Isolation

ROIB - Article report on Globalization and Isolation -...

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Unformatted text preview: International Business Page 1 of 5 Report 1 January 31, 2012 Student: Class: M24 Title of Article: Managing Globalization: Isolation is not the answer Date of Article: October 30, 2007 Source: International Herald Tribune - Business Main Idea: This article raises and attempts to answer the age old question of whether the interdependence among countries that results from globalization is a pro or a con and tries to prove that isolation is not the ultimate answer. Supporting Facts: The ease with which countries now have access to foreign capital, raw materials, goods, services and labour from abroad makes it easier for them to wear away their own supplies. While the use of more resources results in higher output, it also causes higher foreign dependence. Some politicians and economists are criticising American dependence on foreign oil and capital stating reasons such as national security or the threat of countries like China significantly hurting the US by withdrawing their US dollar investment. They also declare that the United States could be vulnerable to a shut-off in supply, for example, of materials needed to make telecommunications switching equipment. They also show how dependence on Russian gas is a very real concern, especially International Business...
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ROIB - Article report on Globalization and Isolation -...

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