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Globalization 1

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Globalization What is Globalization? Global industrialism or globalization is a process of forging international political, economic, religious, and socio-cultural interconnections KFC Kuwait 7-11 Beijing ã Trade – goods and services. – You can buy a TV from China, car from Japan, clothes from Indonesia or Italy. – You can hire someone from India to write software or answer your telephone ã Capital – money, investment – You can put your savings into a bank in Zurich. – You
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  Globalization  What is Globalization? Global industrialism or globalization is a process of forging international political, economic, religious, and socio-cultural interconnections KFC Kuwait 7-11 Beijing  ã Trade  –  goods and services.  – You can buy a TV from China, car from Japan, clothes from Indonesia or Italy.  – You can hire someone from India to write software or answer your telephone ã Capital  –  money, investment  – You can put your savings into a bank in Zurich.  – You can buy stock in SONY, a Japanese company ã People  –  immigrants, refugees, tourists  – Immigrants come to Calgary from Asia, Africa, S. America, Europe  – You can easily travel to Europe, Asia, S. America ã Communication  – You can easily call or email people around the world ã Culture (art, music, cuisine)  – You can hear music from Brazil, South Africa, India  – Nearby restaurants: Chinese, Thai, Ethiopian, Indian ã Ideas What kinds of things cross international borders?  Marginal Product Revenue Theory  Equilibrium is achieved where supply and demand meet in a competitive market.  The business world does not like equilibrium because it limits profits.  The more unique the offering the more the company can charge in excess of their costs. Call Center India
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