ECONOMIC CONSEQUENCES OF GLOBALIZATION ON TELECOMMUNICATION INDUSTRY

According to Information System Today, (2014); Globalization will fall under all the categories of technology that move around the world “the greater international movement of commodities”. Globalization has change all aspect on how we do things, from ecumenical changes, cultural changes to technological changes. We are able to manage various things around the world with the comfort of our home (Schneider & Valacich, 2014). A perfect example of globalization would be the following: Leaving in Texas but having your clients or major business deals in Puerto Rico and been able to do it all from her home in Texas without having to do much traveling or no traveling at all. Been able to have conferences and meeting with different people around the

Globalization may be defined as the integration of the world 's people, firms and government. In the modern context, globalization is usually the result of closer ties in international trade, known as bilateral trade agreements. The WTO and NAFTA are two examples of such bilateral trade agreements. With such agreements, cross-country investment increases. This increase in investment is aided by the increase in information technology and communications, which has undergone a significant advancement over the last two decades with the rise of the Internet and mobile telephony (Green, 2013). It is important to the business to expand; global expansion and globalization would a positive business decision to complete in this process due to the strategic goals and objectives the company possesses. Healthy growth can be accomplished by globalization of specific areas selected and determined through research of market and development of these areas outlined within.

According to Dictionary.com, the definition of globalization is “to extend to other or all parts of the globe; make worldwide” (Dictionary.com, 2008). Globalization can have a huge impact on the four functions of management. In order to achieve success, a company must have a plan or goal set in action. Once a company decides to go global, it has to decide its market. For example, Disney has over 25

Globalization is the process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Globalization is simply the interactions of different countries throughout the world. International Trade as previously defined is the exchange of capital, goods, and services across international borders or territories, which could involve the activities of the government and individual. International Trade and Globalization go hand in hand. Both of these two are usually very beneficial to businesses such as

Globalization: Globalization can be defined as the incorporation of national markets through trade, asset, capital flow, labor influx, and expertise. It emanates from the eradication of barricades among national markets to spur the flow of capital, labor, services, and goods. Whereas the removal or eradication of quotas and tariffs like the GATT that limits free and open trade between countries.

The one thing that can be agreed on is that in the last couple of decades globalization has seen a tremendous boost as technology has gotten better. Within this time technology has evolved in a way which allows for cheaper and faster tools allowing for better communication in real time. Data collecting has also become easier to gather and use. Which has all begun to allow companies and people to do business around the world easier.

Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.

Globalization is ‘ Crystallization of the entire world as single place.”(Mooji,1998) According to Anderson and Svensson, 2009, globalization in business activities has started in early 1980’s. Bartlett and Goshal says that the global term is interchanged generally with the words international and multinaltional, however there is significant difference in usage. Globalization is more of global marketing strategies applied to local culture to gain the markets internationally. The possible three reasons for emerging globalization into business is i) Entering the foreign markets ii) international standardization of products in the market and iii) increasing the acquisitions internationally (Sheth, 1986).

Globalization is the increasing interdependence and connectedness of the world, its businesses and it markets, as well as flow of goods, ideas, technology, people etc. This phenomenon has increased vastly over the years due to technological advances, telecommunications and internet. As the world becomes a global economy, countries have the opportunity to advance more but with the catch that there is also increased competition. Thus as it becomes more common and powerful a feature, it also has some resistance as well. (InvestorWords, n.d.)

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 can

Globalization, in its most literal definition, is the process of making, transforming or expanding a product or service into a global one. This process is a combination of economic, technological, socio-cultural, and political forces (Button, 2008).

A global company is a company that distributes all over the world, and their products will be used in most of the world’s countries. A good example of a global business is Microsoft.

Frequently, people are unclear of exactly what Globalization means. Globalization is the tendency of the world's economies to act as a single interdependent economy. It can be described as the increased movement of people, knowledge, ideas, goods and money across national borders to make the world more unified in a sense. Globalization is often thought of in economic terms but as we know there are other components with this idea like, economics, and cultures. There is a huge debate of whether or not globalization is positive or negative.

There has been a great deal of discussion in recent years about globalization, its impact has been both praised and criticized. Globalization is defined as the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications. I believe the technological advances have had a positive impact on globalization. The use of cellular/mobile phones and the internet have allowed easier access to conduct business anywhere in the world.

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).