Globalization Questionnaire Essay

Globalization is a shift toward a more interdependent and integrated world thrift (Hill, 2009). The globalization of markets and the globalization of production atomic number 18 several(prenominal) factors of globalization. Advances in transportation and telecommunications make it possible for businesses to produce other countries. National economies ar merging and stuff and nonsense finishing looks the same no matter where an one-on-one is in the world. Mercantilism, absolute advantage, comparative advantage, new hatful theory, Heckscher-Ohlin, product life-cycle, and national competitive advantage are all international trade theories.Drivers of Globalization bingle driver of globalization is the declining trade and investment barriers. many decades ago, strict barriers to international trade and direct distant investment existed (Hill, 2009). The World Trade Organization (WTO) was established to help countries work to appropriateher in an motion to cut tariffs on indus trial services, goods, and agriculture. The other driver of globalization is technological change. Advances in schooling processing, transportation, and the internet read evolved since World War II (Hill, 2009). The microprocessor is the wiz most important innovation in technology.Microprocessors encode, transmit, and rewrite information. The rapid expansion of the Internet has become the information backbone of the global economy (2009). The Internet makes it flabby for buyers and sellers to conduct business without having to leave their home or office. Transportation technology has advanced with the development of containerization, superfreighters, and commercialized jets. Commercial jets have reduced the time it takes to get from one place to another and containerization has lowered the price of shipping goods around the world.* Effects of Globalization on CommunityThe values and norms of an individuals culture are influenced by social structure, language, religion, and e ducation. Class-conscious societies are characterized by low social mobility and a mellowed layer of stratification while less graded societies are characterized by a low degree of stratification and high social mobility. Language has speak and unspoken dimensions and countries with more than one language have more than one culture. Formal education is a way individuals are socialized into the values and norms of a society through learned skills. Religion is a system of shared beliefs and rituals.