Emergence of the Globally Integrated Business World

Globalization is the process of integration arising from the interchange among people, ideas, and culture. Globalization shows that international trade between other countries has impacted the way the U.S is now. Most of the products we use today is made in other countries such as China, Indonesia, and South Korea. As beneficial it may sound to have products made cheap in other countries and sold in the United States at a much higher price. This is also known to have a problem to the factory workers.

It is believed that for thousands of years, the process of cross cultural buying and selling of goods among people has been continuing in the lands at great distances. Such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. In a similar manner, for centuries, people and organisations have invested in enterprises in other countries. In fact, majority of the features of the current wave of globalisation are similar to those prevailing before the ensuing of First World War in 1914 (Waters, 1995).

Today, firms have to deal with a global marketplace; marketers have no other choice. Participation in global marketing has begun to shift from a mere “option” to an imperative. The world is becoming more homogeneous. Distinctions between national markets

Globalisation is the internationalization of trade and often forces businesses to adopt new strategies for operations to suit different cultures and economies. The often easily saturated domestic market has triggered many large

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.

Globalization is a process of global economic, political and cultural integration. It has made the world break down as within its countries, leading to have a greater negative impact on the economy of the United States. Some of its factors includes tariffs, fluctuation in prices, and unemployment.

Parker, B. (2005). Introduction to Globalization and Business: Relationships and Responsibilities. Retrieved from The University of Phoenix eBook Collection Data

Globalization is an appealing concept that has many various interpretations and definitions. Globalization is the expanding connectivity and interconnectedness between diverse geographic nations to increase the efficiency of providing goods, enhancing relationships of cultures, economics, and technology to state

Globalization is a result of each country around the world, depending on one another for certain products as well as needing them to buy specific exports. Without it, no country can flourish and with it, there will always be inequality. It is something that is vital to our country as well as those around the world. The risk of inequality is outweighed by the possible benefits of globalization.

Frames, in short, are used to help people interpret the world around them as well as a way to represent that world to others. They can be thought of as cognitive shortcuts that one may use to make better sense of complex information. When it comes to the Global frame, it is by no means a new concept. The idea of globalization has been around for a long time, but today, has gotten a new meaning. With the advent of the internet and other information systems, societies have never been so close and connected with each other. The first significant characteristic of the Global frame is that of the International business system. This includes competition, commodities, knowledge, financial, trade, and a transitional economy. The international business system basically means that the world of business is all integrated with one another, connected mainly by the Internet. This system allows anyone to utilize more markets as well as allowing companies to operate both efficiently and economically. All of this ties in with the next significant characteristic, which is Integration Technologies of markets and nation states. Because more and more international business are integrated with each other every year, the deregulation of certain governmental policies is occurring and this has also resulted in privatizing many sectors. The next significant characteristic to be described is the World Wide Web Digitization of Communication networks, Interconnectivity, and Cyberculture.

The forces of globalization are generally credited with the major role played in increasing the access of organizations to countless resources. Due to market liberalization for instance, large corporations are able to import cheap resources from various global regions and as such patronize the market through price leadership strategies. Nevertheless, another crucial characteristic of globalization is that it allows economic agents an incremental access to larger customer markets. This virtually means that manufacturers get to sell their products to numerous global regions and exponentially increase their revenues.

The practice of world trade amongst countries has taken over the rate of domestic production. It has led to the free flowing of money across national borders, which opens doors for companies and investors to seek for best rates for financing anywhere across the globe. Such trend is known as globalization and Cullen & Parboteeah (2008) defines globalisation as the worldwide trend of borderless and interlinked world economies, and companies no longer restrain by domestic boundaries and possibly conduct any business activities throughout the globe.

As with other powerpoints, this powerpoint supplements your readings for the purpose of providing a better understanding of the module’s concepts. Yet, it does not replace the need for reading your textbook.

Global Integration “Global integration is shrinking time, shrinking space and eroding national boundaries.” (IMF & World Bank) Globalisation possibly the most important force at work at this time in history describes the process of increase integration and interdependence between national economies. It depicts the breaking down of national boundaries leading to the establishment of a single world market. This inevitable process of globalisation has and will continue to be accelerated by the electronic revolution. Advancement in telecommunications and information technology has lead to growth in cross border relationships initiated by the drivers of globalisation.

To start off, the first thing that comes to mind is to define what global integration is. I guess you can say it is another way of saying free trade throughout the world. Throughout my research I found that there was not any true definition of global integration. So to define global integration there is really only one way. Global is defined as of or relation to the whole world and integration is the action or process of integrating. To put the words together global integration is defined as the action or process of integrating to the whole world. That is the definition I came up with. Now in my research I found a definition that was suitable and it is the process by which a company combines different activities around the world so that they operate using the same methods. Now that there are different definitions that we can use, there are a couple of things that I found interesting about global integration. In this paper I will be discussing four things about global integration. These four items are the history, advantages, disadvantages, and just my opinion of if global integration is either good or bad. Hopefully throughout this paper you will learn many things that you did not know about global integration.