Globalization and global and local economies

 

 

 

Events

Aspect of globalization

1

Disneyland, the American theme park, has been set up in Hong Kong, Japan, and France.

 

economic

2

The parts of a car come from all over the world: Germany, Japan, Korea etc. and the car is assembled in the U.S.

 

economic

3

Businesses are operated with many satellite locations or call centers in other parts of the world to answer questions in another: for

example, someone in India answering a call from the U.S. about a product or service.

 

Informational

4

The creation of regional forums such as the European Union,

Asia-Pacific Economic Co-operation (APEC), and international organizations such as the World Trade Organization and the World Health Organization.

These international forums and organizations have new rules and agreements for participating countries to follow.

 

Economic

5

The spread of language, products, and customs as people are closely connected.

 

Cultural

6

Franchises for McDonald's hamburgers, Pizza Hut, Burger King,

KFC, and others carrying U.S. trade names are operating throughout the world.

 

economic

7

Cable News Network (CNN), based in the United States, produces

24-hour news broadcasts that can be seen by people around the world.

 

Informational

Comentarios

  1. MICKY23 de diciembre de 2021 a las 22:03

    I think point number 4 refers more to political globalization. Since it is like the exchange of ideas or norms that other countries agree and follow.

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  2. Ekateryna Calderón23 de diciembre de 2021 a las 22:09

    I agree with all your answers! About point no. 6 do you think that when those big multinational companies open in a new place, it affects the local businesses?

    ResponderEliminar
    Respuestas
    1. Sophia Morales23 de diciembre de 2021 a las 22:12

      Of course, it affects the local economy, since markets usually disperse and reorganize as companies enter. It is a great disadvantage because local consumption is reduced

      Eliminar
  3. Francisco Javier Ramírez Juárez23 de diciembre de 2021 a las 22:16

    I agree with your answers, in fact I think the situations did not lend themselves to other options.

    Do you think multinational companies are good or bad?

    ResponderEliminar
    Respuestas
    1. Sophia Morales24 de diciembre de 2021 a las 9:23

      They certainly bring many benefits, generate earnings, jobs and cover the markets, but the opportunity cost in certain countries is very high, since it takes away the job opportunity of people who sell local products, and therefore the money that circulates belongs to to multinational companies, which does not remain 100% within the country

      Eliminar

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