Mgt 448 Globalization Questionnaire

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Globalization Questionnaire
University of Phoenix

Globalization Questionnaire

What is the concept and meaning of globalization? Many individuals and groups have different views and opinions of what it is, exactly. Some of them are angry opinions and views, because people are losing jobs in the United States, and other viewpoints include excitement about the possibility of overall job growth and opportunities. Globalization has been defined as the process of worldwide trade that is intended to increase a country’s capital and economic gain for both of the countries involved, while increasing positive global citizenship. Former President Bill Clinton said, "Globalization is not something we can hold off or turn off . . . it is the economic equivalent of a force of nature, like wind or water." Globalization suggests the basic unity of the human spirit that is expressed through a common awareness and humanity. This has been known to possess both positive and negative effects; the positive effects are that businesses are able to have a certain amount of control over their own economic strengths by balancing and manipulating the strengths of other businesses on a global, rather than local, level. The negative effects can be the affect this has on jobs in some specific industries. One common trade theory is the product life-cycle theory, which serves as an accurate explanation of international trade patterns that have been established, as a whole. This theory is used to help understand and further analyze the maturity stages industries and products. The first time the term product life cycle was used was in 1965 by Theodore Levitt and since then it has been used on a regular basis in the business world. All goods, services and products undergo this common life cycle and it refers to the period of time between the launch of a new product into the…...

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