Compiled by Tello Email:muzavazi47@gmail.com Call/WhatsAapp +27717513144
DISCLAIMER
The study pack is centred on INT4801 notes. It is a product of internal and external
research that includes the study guide, prescribed text books and other authentic external
sources. It is therefore, advised for students not to share it as it is for the benefit of up-to
date paying students for financial intelligence group. For clarity, students are free to call
on the provided number and/ email.
+27717513144 Page 1
, Compiled by Tello Email:muzavazi47@gmail.com Call/WhatsAapp +27717513144
Globalization.
This phenomenon has been defined by different authors in trying to give the true
nature of globalisation.
Some of the definitions that gained traction to most academicians are as follows.
In our study guide, globalisation is defined as the growing interdependence of
countries worldwide through the increasing volume and variety of cross border
transactions in goods and services as well as international capital flow through the
more rapid and widespread diffusion of technology.
In other words, Salvatore (2013) defined it as the revolution which in terms of scope
and significance is compared to that of historical revolution.
Brevis and Vrba (2014) also chipped in and explained globalisation as the increasing
complexity of markets and production systems and the exchange of ideas across
cultures.
It is important to note that; globalisation has been felt in different facets of the globe
such as the economic, social spheres, political setups among others.
Thus Hill & Hult (2017) observed globalisation as the shift towards a more integrated
and interdependent world economy.
In trying to express this phenomenon, some authors went further to discover that
globalisation can be defined differently putting into consideration what exactly is
happening over a certain period of time and the geographical location involved.
This necessitated the idea or concept of globalisation of production and of markets.
These 2 concepts were used to reflect the interdependency of nations across the globe.
Trade barriers fell over period of time as nations compete for investments which are
an offspring of globalisation.
In this realm, Perratal et al (1997) hence defined globalisation as the sharp increase in
the level of international activity particularly but not exclusively international
economic flow.
This has brought us to a stage where we need to take a look at what is globalisation of
production and of markets,
+27717513144 Page 2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R159,00. You're not tied to anything after your purchase.
