Description
KD 1 COMPLETE DISCUSSION
Globalization has resulted in greater interconnectedness among markets around the world and increased communication and awareness of business opportunities in the far corners of the globe. More investors can access new investment opportunities and study new markets at a greater distance than before.
Discuss how globalization has an effect on the factors of projection. What are some the barriers to international trade?
KD 2 REPLY TO DISCUSSION
Good Afternoon class,
Globalization affects projection in many different ways. Globalization can affect the growth of a nation through trade, capital flows, and GDP per capita. If a country is very active in trading with other countries, the economic growth is likely to be higher than a country that is less active in trading. Some barriers to international trade are, that smaller companies may not be able to fulfill the demands of countries on a global scale. Another barrier to international trade is tariffs. When a good has high tariffs, it raises the price of the good which usually lowers the demand, on the other hand, if the tariffs are lower it will increase the demand due to the lower prices.
KD 3 REPLY TO DISCUSSION
Hello,
Discuss how globalization has an effect on the factors of projection. What are some the barriers to international trade?
Globalization is the increased interconnectedness of the world economies and cultures as technology and international access increases year by year. This affects the factors of projection because the introduction to a very large and diverse consumer group can radically change how businesses approach and cater towards their audiences. Businesses are not restricted to local subsets and can instead cross international borders and cater to different cultures, languages, and economic groups. This can also bring in a new area of required expertise to navigate the changing communication technologies, legal standards, and regulatory bodies. Globalization also leads to new outlooks and views on supply chain and sourcing through access to other raw materials and resources that different countries can provide. This affects the available labor pool and talent acquisition.
Some barriers to international trade are: the cultural and social barriers, the political barriers, the tariffs and trade restrictions, boycotts, legal standards, anti-dumping penalties, and monetary.
KD 4 COMPLETE DISCUSSION
Week 2: Political, Economic, and Legal Systems
Let’s discuss the political, economic, and legal systems of some countries around the world. Sharing how other countries approach their politics, handled their economy, and what laws govern them can be interesting in comparison to the United States.
Choose a foreign country.
Research and discuss the triumvirate of political, economic, and legal systems in the country that you chose.
Discuss how these factors can affect economic progress
KD 5
Log into McGraw Hill (Organizational structures)
Snow@2018
