Globalization Has Accelerated So Rapidly. Business & Marketing Essay
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Modified by instructor& Assignment #1 Sep 23, 201911:00 pmSep 30, 2019 5:00 pm
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Sep 23, 201911:44 amInstructions
Assignment 1 - Due by September 23rd
Choose an article from WSJ - Wall Street Journal that identifies the implications of globalization markets and production. Explain why globalization has accelerated so rapidly. State pros and cons of business globalization.
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Why Globalization has Accelerated so Rapidly
Globalization is the process where organizations and businesses develop an interest to venture into international business. In recent years, globalization has been accelerating rapidly due to some factors such as technological changes and different taxation systems. Technological changes reduce the cost of communication which, in effect, enhances business transactions via web technology. On the other hand, different taxation systems have contributed immensely to the growth of globalization since countries have been forced to adjust their tax rates to attract foreign investors. Additionally, many states have been shipping their products from other countries using containers which carry bulk products; hence, lowering the unit cost around the global CITATION IpG19 \l 1033 (Ip). However, globalization is a complicated matter since it has its ...
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