Factors of Expanding Globalization
From the creation of the Printing Press in Europe to the Cell Phone and Computers of today this Factor of Globalization has become faster then ever before.
What is Communication Technology?
A key element in expanding globalization is reducing trade barriers so that goods and services can move around the world easily.
What is Trade Liberalization?
These giant companies dominate some key parts of the world economy. They control most of the world’s energy and extract most of its mineral resources. They manufacture a huge share of the world’s chemicals, medicines, cars, aircraft, communication satellites, and home and office electronics.
What are Transnational Companies?
A business strategy that involves reducing costs by using suppliers of products and services in countries where labour is cheaper and government regulation may be less strict.
What is Outsourcing
This Facotor globalization has allowed businesses and industries in the country have opportunities to sell their goods in international markets.
What is Trade?
When two countries agree to eliminate all tariffs and taxes on goods and services traded between them, the result is called this.
What is FREE TRADE?
The shift toward liberalized trade has moved the focus from governments to these private companies.
What are Transnational Companies?
The transporting of goods in standard- sized shipping containers.
What is Contanerization?
The key to shipping goods more cheaply and efficiently has been containerization which is a key component of this this Factor of Expanding Globalization.
What is Tranportation?
This international organization was established in 1995 to increase international trade by lowering trade barriers and making trade more predictable.
What is the World Trade Organization (WTO)?
Smaller countries have a hard time attracting investors. This is due to Competition among.
What are other developing countries?
A General agreement.
What is a Consensus?
One way the this Factor of Expanding Globalization has contribute to expanding globalization is by running commercials that encourage consumers to buy products.
What is Media?
The WTO has the power to use economic actions, such as a trade boycott — to enforce its decisions, these are all know as.
What are Sanctions?
To attract and keep transnationals in their community, some governments have used strategies like reducing taxes, selling natural resources at bargain prices, and adopting policies that transnationals will find helpful. This has interferred with the countries own ability to make politcal decesions know as?
What is Sovereginty?
A penalty. Often an economic penalty, such as a trade boycott, taken to pressure a government to agree to carry out certain actions or follow certain rules.
What is a Sanction?
With devices that take pictures and record videos that can be sent to news programs or posted on social networking sites, you can contribute to local and global newsmaking.
What is Media Convergence?
This super national organization that has created a liberalized trading area in Europe. As a result, goods, services, money, and people can move easily from one country to another, it is know as.
What is the European Union?
The prosperity generated by e-commerce is largely restricted to people who live in.
Developed Countries
A process that involves countries in reducing or removing trade barriers, such as tariffs and quotas, so goods and services can move around the world more freely.
What is Trade Liberalization?