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Global Business 4th Edition by Mike Peng
النسخة 4الرقم المعياري الدولي: 978-1305500891Global Business 4th Edition by Mike Peng
النسخة 4الرقم المعياري الدولي: 978-1305500891 تمرين 1
ON CULTURE: Not all people in your country support globalization, and some say it is because they feel that globalization is an economic threat. However, to what extent they may also feel that it is a threat to their culture What about you To what extent do you feel that globalization is either an economic or cultural threat to your country
التوضيح
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موثّق
Globalization is international integration of views, products, ideas and cultural aspects.
The cultural impact of globalization can be seen as follows:
• Globalization brings the transmission of ideas and values across the countries.
• Globalization also results in diffusion of certain cuisines between the countries.
• Domestic firms may feel threat of loss of interest of consumers in the domestic products.
• Popularity of foreign products and their quality can be a threat to the domestic firms.
• Foreign entry in the domestic market can change the lifestyles, tastes and preferences of the domestic consumers and it may act as a threat to the domestic firms.
The economic impact of globalization can be seen as follows:
• It helps in reducing poverty.
• It helps in reducing gaps between rich and poor.
• It bridges the gap between developed and developing countries.
• In short term, developing countries may become even poorer.
Hence, globalization has both positive and negative impacts. A country must be able to capitalize on the positive effects of it.
The cultural impact of globalization can be seen as follows:
• Globalization brings the transmission of ideas and values across the countries.
• Globalization also results in diffusion of certain cuisines between the countries.
• Domestic firms may feel threat of loss of interest of consumers in the domestic products.
• Popularity of foreign products and their quality can be a threat to the domestic firms.
• Foreign entry in the domestic market can change the lifestyles, tastes and preferences of the domestic consumers and it may act as a threat to the domestic firms.
The economic impact of globalization can be seen as follows:
• It helps in reducing poverty.
• It helps in reducing gaps between rich and poor.
• It bridges the gap between developed and developing countries.
• In short term, developing countries may become even poorer.
Hence, globalization has both positive and negative impacts. A country must be able to capitalize on the positive effects of it.
Global Business 4th Edition by Mike Peng
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