Globalization of Business

Page Count: 9
Length: 2211 Words

Globalization·the spread of economic innovations around the world and the political and cultural adjustments that accompany this diffusion·appears to be unstoppable. The reason is because globalization it is not the result of a planned activity by government or military power "toward ever larger geopolitical entities. Nor is it the product of some growing ideological conformity on how we should live. It is, rather, the organic result of the virtuous cycle a, by which economic convergence and the diffusion of innovation raise standards of living over time" (Lewis & Harris, 1992, p. 114).

In this context, globalization has been occurring in some form for the last three millennia. The Phoenicians "spread innovations almost entirely through the movement of products (trade) to small centers of development scattered around the Mediterranean. The diffusion of process technology followed after·sometimes centuries later" (Lewis & Harris, 1992, p. 114). Although the speed of diffusion among Europe, North America, and Japan had increased by the first half of the 20th century, it was still limited almost entirely to trade in manufactured goods because of dissimilarities in the way people lived and the relative economic unimportance of trade in services. What is new about globalization in the contemporary period is that innovations occurring within any of the developed economies can be transferred to and adopted within any other developed economy in a minimum amou

Read the full essay by joining our writing community – over 32,000 professional essays and term papers. Access this essay now!

Category: Business - G

Some common topics found in the essays are:

Management Functions, DeToni Zipponi, Lewis Harris, Life Globalization, Introduction Globalization·the, Environment Globalization, Balasubramanyam Greenaway, America Japan, Business Studies, 1995 pp, Management Review, competitive advantages, value chain, harris 1992, gulati 1995, mitchell 1995, economies scale, gulati 1995 pp, pp 85-112, production distribution, lewis harris 1992, operation value, mitchell 1995 pp, 1995 pp 364-382, 1995 pp 85-112,

Click Here to Get Instant Access to over 32,000 Professionally Written Papers!!!