“The phenomenon of globalisation has given rise to major benefits and costs for countries and companies in the contemporary world economy.” Discuss this statement by considering the following questions: a) What are the major trends underlying contemporary globalisation?

“The phenomenon of globalisation has given rise to major benefits and costs for countries and companies in the contemporary world economy.” Discuss this statement by considering the following questions: a) What are the major trends underlying contemporary globalisation?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter6: International Management

Section6.7: The Necessity Of Global Markets

Problem 1CC: What are the factors and approaches that organizations can take when deciding to go global?

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Question

a) What are the major trends underlying contemporary globalisation?

b) What do supporters of globalisation see as its major benefits for countries and international firms? What do critics see as the major drawbacks and disadvantages with globalisation for international firms and countries?

c) What is protectionism, and what techniques do countries adopt to protect themselves from the adverse effects of global trends, and the behaviour of international businesses and other countries?

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