No Ordinary Disruption By Richard Dobbs

Bradley Wright (2009) defines a social as, “behavioral expectations that a social group holds for its individuals. Basically, a social norm tells you what you’re supposed to do in any given situation.” The social norm creates a unique culture for each individual social group. However, breaking the social norms, even in the most minute of ways, can cause some backlash and some awkward situations. As proof of this, I performed an experiment where I broke a small social norm, and noted the reactions I got from the people that witnessed it.

At the Global Breakthrough and Expansion phase, expansion to new markets and increased pres-ence to existing markets continues with globalization degree 25-50% and sales in three continents (Gabrielsson & Gabrielsson, 2009b). As the firm matures and with the new fear of losing overseas markets, they establish their own sales office in the form of foreign direct investment in addition to relying on exports and partners (Hashimoto 2011, p.27). With the drive to achieve global break-through, firms will start to take on distant and challenging new markets thus coming across difficul-ties in cultural, legal, and localization aspects (Rönkkö et al., 2008).

There is no doubt that increasing in international trade is supporting the economic growth across the world, raising incomes and creating jobs. However, international trade can also some create economic obstacles, such as the international context and the market policy and regulations of each country, and consequently it can be said that the effects would have positive and negative sides, and it is useful to mention all of them and to take them into consideration.

Hill, C.W.L. & Hult, G.T.M. (2016). Global Business Today. (9th ed.). New York, NY: McGraw-Hill Education.

Comparing and Contrasting the Manorial Trade Network, the Indian Ocean Trade Network, and the Trans-Saharan Trade Network

Trade between nations of the world is extremely important in many aspects such as keeping a strong relationship between countries and to hold a good strong trust. It is through trade that

The population of the Asia region of the world contributes a massive amount of exporting goods, and global business as a whole. The sheer number of people consuming goods that must be imported to support the large population force the need for trade with other regions. The demand for resources is high and the need to develop strong trade relations with other countries is vital to the continued growth and success of Asian countries.

The subtitle of the book being, “Society, Culture, and the World Economy from 1400 to the Present,” it’s easy to identify that this book will thoroughly have us left with a sense of where we will continue to grow in the future. The presentation of the categories of information makes this book of facts and analysis less tedious to read and makes it more enjoyable to read through than heavy reading material. The short essays feel more thought provoking than just facts being crammed into one essay. By the end of the book the authors inform us about how today’s trade processes work and how they will continue to grow and expand as we continue to discover new practices for improving trade

Globalization over the past twenty has become an issue in many countries. This industrialization of second and third world countries by Western Civilization creates many opportunities for the inhabitants. Not only does it expand trading markets, but also promotes productivity and efficiency; thus improving the country and integrating it into the industrial world. This process not only benefits third world counties, but also industrialized nations by allowing them to export goods to the developing world and increase their profit margin.

Yet for these countries, world trade in reality plays a major role. In many Sub-Saharan countries, foreign trade (measured in terms of imports and exports) represents more than fifty percent of their GDPs. This is due to a lack of infrastructure and machinery to process the available raw materials which leaves countries overdependent on imports, not adequately balanced by corresponding exports. This dependence on finished imports would be curtailed if these nations had enough capital to purchase machinery to process their raw-materials and sell the finished product locally or export them. However, in order to obtain enough capital to fulfill such drastic projects, they need outside help in the form of private investors.

The article, “The Changing Nature of Globalization in Our Hyperconnected, Knowledge-Intensive Economy,” written by Irving Wladawsky-Berger, takes a present day look at a 2005 book, “The World is Flat: A Brief History of the Globalized World in the Twenty-first Century,” written by Tom Friedman. The two delve deeply into the burgeoning topic of globalization and the innovative, adaptive strategies necessary to keep up with the changing landscape of modern business. Both writers credit the fast pace, globalization path we are on to technological advances that allow everyone with a computer to be on a level playing field when it comes to competing, connecting and collaborating in the business world.

The convergence of world economies has changed the dynamics of the trade. The goods produced by the countries are today crossing border and the lines of origin have blurred. Fierce competition has pushed producers to lower cost and provide better quality.

economy. Human beings are the custodians and carriers of these resources in the form of capital,

Today’s world is shrinking. Not literally of course, but the advances in technology make it easy to span thousands of miles of land and sea, so people can immediately communicate with each other. The internet has connected the world instantly, and planes make traveling from one side of the world to the other a piece of cake compared to the long, dangerous sea voyages of the past. People move and migrate constantly, all the while exchanging ideas and goods. Trade has always played an important role in human history. Whether the swapping of an apple for an orange, or $12 million dollars for a new dam, the fluid movement of goods and services from one to another is how humans have been able to receive things they might not have had

International trade is not only a way for a country to receive merchandise, but it can also have an impact on the economy. This is very important when it comes to acquiring materials to produce final products. With this, a key factor is companies are able to expand to more consum-ers and open new markets. Additionally, if they are to import raw materials there is the potential that they can produce more advanced products that will benefit others. The amount of careers created will help others buy merchandise and even develop new technology. In the end, coun-tries are able to move up in the economic structure due to trading. First, it should be determined what is required to be considered international trade.