WGU D080 - Unit 2
Globalization
1.) International integration arising from the exchange of world views, products, ideas, and other aspects of culture.
2.) Removes barriers and promotes collaboration and interdependence of countries.
The opportunities brought to businesses by globalization...
WGU D080 - Unit 2
Globalization
1.) International integration arising from the exchange of world views, products, ideas, and other
aspects of culture.
2.) Removes barriers and promotes collaboration and interdependence of countries.
The opportunities brought to businesses by globalization.
1.) Allows corporations to outsource manufacturing and service jobs.
2.) Jobs are moved from high-cost to low-cost locations.
3.) Allows companies to pay workers lower salaries and provide fewer or no benefits.
Political Globalization
1.) Reduced importance of nation-states.
2.) Organizations such as the European Union, the WTO, G8, and the International Criminal Court
replace or extend national functions to facilitate international agreements.
3.) NGOs influence public policy across nations. (Humanitarian Aid & Developmental Efforts)
Cultural Globalization
1.) The transmission of ideas, meanings, and values around the world in such a way that extends and
intensifies social relations.
2.) Aided by the internet, popular media, and international travel.
Economic Globalization
1.) Widespread, international movement of goods, capital, services, technology, and information.
2.) Primarily comprises the globalization of production, finance, markets, technology, organizational
regimes, institutions, corporations, and labor.
3.) Grown quickly due to the efficiency of transportation, telecommunication, the importance of
information (vs physical capital), and developments in science and technology.
Economic Pro-globalization Arguments
1.) Results in more trade, investment, and information technology.
2.) Aids in faster economic development.
3.) Increases social well-being.
Cultural Pro-globalization Arguments
1.) Creates shared norms and knowledge. (Ex: English spreading across the globe.)
2.) Increases awareness of the international community.
, Political Pro-globalization Arguments
1.) Increases cooperation among countries.
2.) Resulted in the formation of international and/or regional organizations.
3.) NGOs
Political Anti-globalization Arguments
1.) Countries may adopt isolationist policies that prevent people from entering or leaving their
country. (Ex: North Korea)
2.) Reduces the importance of nation-states
3.) Results in a loss of power for local governments
Economic Anti-globalization Arguments
1.) Benefits the rich at the expense of the poor
2.) Manufacturing jobs are lost in developed countries
3.) Environmental Damage
4.) Unethical labor practices
Cultural Anti-globalization Arguments
1.) Results in the loss of uniqueness of smaller, once-isolated countries
Anti-globalization Arguments from a country's perspective
1.) Cultures are becoming homogenized, especially through the spread of Western culture throughout
the world
Pro-globalization Arguments from a country's perspective
1.) Globalization results in the widespread sharing of ideas
2.) Exposes people to different cultures and ideas, making them more tolerant
The 5 Stages of Entering a Global Market
1.) Market Entry
2.) Product Specialization
3.) Value Chain Disaggregation
4.) Value Chain Reengineering
5.) Creation of New Markets
1st Stage of Entering a Global Market: Market Entry
1.) Companies enter new countries using business models similar to those used in the home markets.
2.) Companies must establish a production presence.
2nd Stage of Entering a Global Market: Product Specialization
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