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Globalization Questionnaire Essay

940 words - 4 pages

According to Hill (2004), "we are moving away from a world in which national economies were relatively self-contained entities, isolated from each other by barriers to cross-border trade and investment; by distance, time zones, and language. . ." (p. 4). Globalization has minimized the gap between these entities and created an economy for all countries that was not possible 20 years ago. This paper will define globalization and identify what some of the traditional international trade theories that support the concept of globalization. This paper will also list the major drivers of globalization along with three examples of each; explain four effects of globalization that influences the ...view middle of the document...

Drivers and ExamplesTwo factors cause the movement towards a bigger globalization (Hill, 2004). These include technological advances and the decline in the barriers of free trade. With the technological advances, the world has seen an increase in the use of the internet and the ease in which the worldwide web has created an organization to be able to process information at a faster rate than in years past. Another advance in technology is the use of transportation. With more efficient ways to transport cargo as well as individuals, organizations are seeing an increase in the speed in which it delivered products. The last advance is in communication. According to Hill (2004), "between 1930 and 1990, the cost of a three minute phone call between New York and London feel from $244.65 to $3.32" (p. 12). This has allowed organizations the ability to conduct conference calls without the high price.Declining Trade and Investment Barriers have also attributed to globalization. The lowering of barriers has allowed an organization to see the entire world rather than just its geographical location as a place to conduct business. Foreign businesses play an integral role in helping to increase globalization (Hill, 2007).Globalization and the CommunityGlobalization both affects my workplace and my community. I work for the Spokane Public School system and technological advances, educational achievement, communication advances as well as political. Globalization has created a need for school environments to educate and to keep students current with educational norms. The fact that the United States lags behind some countries in educational excellence is another focal point that communities as well as schools need to make...

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