The Impact of Globalization on the US Automotive Industry

5053 Words20 Pages
The Impact of Globalization on the U.S. Automotive Industry Abstract The following pages focus on presenting the impact of the process of globalization on the U.S. automotive industry. The Introduction presents the points of view used in addressing this subject of great economic importance. The Literature Review section discusses the most important issues established on globalization, on its effects, on the U.S. automotive industry, and on the effects of globalization on the U.S. automotive industry. The Conclusions section presents some of the most important issues addressed by the paper. Table of Contents Introduction …………………………………………………………. 3 1. Literature Review ……………………………………………… 4 1.1. The Process of Globalization …………………………………... 4 1.2. Impact of Globalization ………………………………………... 7 1.3. The U.S. Automotive Industry ………………………………… 10 1.4. The Impact of Globalization on the U.S. Automotive Industry .. 13 Conclusions ………………………………………………………….. 16 Reference list …………………………………………………………. 18 Introduction The business activity of companies in most industries is affected by the process of globalization. The need of globalization was determined by the necessities of companies that had to address markets in other countries in order to expand their business. In addition to this, they had to reduce their costs by hiring employees from other countries, and by outsourcing some of their processes to other regions. The process of globalization had different
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