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Chuong I
Chuong I
International Business
Globalization
nc e In t
e e rc
e nd on
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Integration
er d c tio
Int n
Globalization refers to the shift toward a more
integrated and interdependent world economy
(Charles. W. Hill)
Globalization 1.0 (from 1492 to 1800)
of
Globalization
(From Thomas Friedman in The World is Flat)
BROADER VIEW
- Emerging trend
- Transparency
- Economies, Politics, Cultures…
Globalization of
Markets
…refers to the merging of historically distinct
and separate national markets into one huge
global marketplace
Globalization of
Production
…refers to the sourcing of goods and services from
locations around the globe to take advantage of
national differences in the cost and quality of
factors of production like land, labor, and capital