Learning Objectives Chapter 1

Question 1

Identify the couse and concecuences of globalization

Answer 1

The collabs of the soviet uniun and opening of india, brazil, china and other markets in the 1990s brought significant social, economic, and political changes. Now companies around the world are able to sell goods and servicies in nearly any market, leading to a more integrated and interdependedt globalized world economy. The ease of buying and sellling internationally is leading to a convergence of prefrences and tastes across the world

Question 2

Discuss the “flat world, round world” debate

Answer 2

The internet made it easier for small companies and companies in poor countries to compete with traditional global giants. Peoble can share information instantaneously and connect across national borders at essentally no cost. Thanks to fiber optic telecomunications cable. Despite these shifts however , global trade sstil acounts for only about 20% of all economic activity

Question 3

Explane the roles of the organizations that regulate global markets

Answer 3

The world trade organization, the inter monetary fund, the united nations, the G20, and the world bank are multilateral organizations inteded to help countries, companies and peoble interact more efffectily and peacefully in a globalized world. These quasi-govermental organizations do much to encourage economics and politacal cooperation, but they arent enough on there own. Companies, non profit organizations, and universities also play a critical role in improving global economics cooperation and helath

Question 4

What are the organizations that regulate global markets

Answer 4

The world trade organization
The inter monetary fund
The united nations
The G20
World bank

Question 5

Descripe a road map for doing business in global markets

Answer 5

Any type of company buying or selling outside its home market s engaged in international business. The number of MNC’s from emerging markets have been increasing in the past decade