BSA 310 WEEK 2 DQ 1 and DQ 2
BSA 310 WEEK 2 DQ 1 and DQ 2
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This 0 page Study Guide was uploaded by kimwood Notetaker on Friday November 13, 2015. The Study Guide belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 15 views.
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Date Created: 11/13/15
Based on Samuelson s 2007 article list and explain three reasons why globalization is a positive in uence for US trade Much of the US population is ill informed on the positive benefits off globalization The adverse effects of globalization contribute little to decline of US employment Globalization stimulates economic growth by creating jobs for domestic workers Increase in American eXports allows US organizations to remain prosperous and maintain adequate work force Many industries are trade sensitive and require trade with foreign countries in order to sustain operations Globalization also provides American consumers with more choice or specific goods at lower prices Trade with foreign countries is necessary to secure to US dollar as the central international accept currency The value of the US dollar has steadily declined compared to foreign currencies A substantial trade deficit has contributed to the deprecation of US dollar Trade contributes to the overall economic well being of the US by buying and selling products with foreign businesses How has globalization in uenced business What are the positive and negatives of globalization and why Globalization has steadily increases the volume of world trade The use of technology has created an environment where trade is faster cheaper and more accessible Advancements in information technologies have transformed economic trade in various business sectors Consumers investors and businesses have the means to pursue economic opportunities abroad The ability to analyze global trends transfer money and invest in the global market is much easier thanks to information technologies Communication barriers between domestic and foreign businesses have been reduced in correlation with globalizations efforts The development of international agreements to promote trade has allowed many corporations to build factories and establish production in foreign markets Globalization has help design an international business structure focused on industrialization and financial success Opponents of globalization argue that free trade permits many corporations to develop industry as the expense of local business cultures and people Negative environmental affects have been attributed to globalization as well Free trade harms the environment by creating uncontrolled economic growth Which causes more pollution Another negative affect associated With globalization is the spread of disease Increased trade of goods forces millions of people to interact on a daily basis These few examples constituted a small portion of affects associated With globalization Many other sectors of globalization have positive and negative consequences
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