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This 0 page Study Guide was uploaded by an elite notetaker on Wednesday November 11, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 23 views.
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Date Created: 11/11/15
1 Globalization is the set of specific and general forces that work together to integrate and connect economic political and social systems across countries cultures or geographical regions The result of globalization is that nations and peoples become increasingly interdependent because the world s markets and businesses become increasingly interconnected Discuss how globalization is affecting the political legal and economic forces impacting today s business environment Answer The term globalization refers to the interconnectivity of the people around the world that has been brought about by modern technology and communication The improved technology transportation and communication are responsible today for binding the people in a single unit It has not only brought people close emotionally and culturally but also led to the political economic and legal development of the forces The world today is seen as a single unit because of uncountable exchange of goods and services People today trade freely using the latest techniques of production and transportation From cotton to coffee to spices everything today is traded easily Due to the globalization the world has become a small village where irrespective of thousand of miles distance they can connect in seconds This has led to the growth in economy and brought wealth and prosperity to every nation involved People share products with different countries and in turn also learn to respect other people and their culture Politically also globalization has helped a lot because organizations and committees are formed which frame rules for the entire world for human rights and trade This strengthens the political background and in turn develops strong human relations Not only this it is also seen that people have become very protective and caring towards others They not only help each other with the products and services but also lend their army and naval forces in terms of need and grief People help each other with all possible products like food clothing and shelter in times of need or natural calamity REFERENCE 0 http wwwglobalpolicvorgglobalizationhtml
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