Global Trade Identify The Losers - 1626 Words

With the advancements in technology and innovation, the world appears to continue to grow smaller. With technology and innovative advancements, businesses have grown in local markets, as well as globally. An organization located in Taiwan seeking buyers and understanding the demands required can sell products all over the world. Multinational companies have been doing business in other countries for a century; however globalization has changed the picture for even smaller companies around the world. Smaller companies can also get their market share in the global economy. In this paper, globalization is defined, as well as identifying various challenges and opportunities associated with globalization. Defining Globalization Globalization is the distribution of products and services to nations around the world. Each nation s economy is integrated and interdependent upon each other. The Global Trade: Identify the Losers (2011) website states, American companies such as Apple create jobs in the United States but have also created jobs elsewhere. There are increasing job distribution overseas because of the number of applicants at a fraction of the salary. The Global Trade: Identify The Losers (2011) website highlights with globalization organizations can choose to source their manufacturing needs in other countries where labor is less costly. Technological and innovation advancements have permitted globalization to grow decreasing barriers to trade. Organizations canShow MoreRelatedUnit 2 Individual Project Mgmt 220 Aiu Online1365 Words   |  6 PagesInternational Trade Unit 2 Individual Project Presented in Partial Fulfillment Of the Requirements for the Class MGMT 220 Introduction to International Business By Marisa Canales AIU Online 14 January 2011 When I, Marisa think about international trade one country comes to mind; Japan because Japan manufactures cars or electronics for example for America but it needs from us metals like iron and copper. Without us trading back and forth with Japan both sides would be hurting economy. InRead MoreThe Falling Oil Prices Of 2014 : A Case Study1421 Words   |  6 Pageschanges in the exchange rate, oil exports as a percentage of country revenue, production and consumption levels (i.e. supply and demand), among other variables; these variables will be used as determinants of which countries are the net winners and net losers in the oil price decrease seen in 2014. 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