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An 8 page paper that begins with definitions of globalization and international trade. The paper focuses on the pro's and con's of globalization and how international trade has facilitated globalization. Examples are included. Bibliography lists 9 sources.
Page Count:
8 pages (~225 words per page)
File: ME12_PGinrg10.rtf
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Unformatted sample text from the term paper:
connectivity and interdependence (InvestorGuide.com, Inc., 2010). More specifically, globalization is the connectivity of the markets in the world. This is the business perspective of globalization. Rawls College of Business (2010)
believes the globalization should be defined more comprehensively: "the ongoing social, economic, and political process that deepens and broadens the relationships and interdependencies among nation-their people, their firms, their organizations,
and their governments." This definition incorporates all aspects of globalization. The Encarta World English Dictionary (1999) identified two perspectives for globalization, the business perspective and the social perspective which
is described as a "process by which social institutions become adopted on a global scale" (Encarta, 1999). There is always an overlap between the business perspective and the social perspective
because each impacts the other, which is captured in the definition from Rawls College. International business is defined as all commercial transactions that occur between people or companies in at
least two countries (Rawls College of Business, 2010). These transactions may be between individual persons, small, medium or large corporations, non-governmental agencies, and/or governments (Rawls College of Business, 2010). Based
on these explanations, international business does not require globalization but globalization would not exist without international business transactions. International business allows globalization to happen, not the other way around.
Globalization has grown exponentially over the last few decades. technology has helped globalization grow. Technology has allowed more people to travel to distant places and information technology has made communication
across long distances easy (InvestorGuide.com, Inc, 2010). This has made if much easier to conduct business across borders than it was forty years ago (InvestorGuide.com, Inc, 2010). As globalization
has grown it becomes more and more controversial. Levy (2005) said that globalization "enhances economic welfare through the global spread of capital, technology and management" (p. 130). Others argue that
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