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International Business 10th Edition by Charles Hill
النسخة 10الرقم المعياري الدولي: 978-0078112775International Business 10th Edition by Charles Hill
النسخة 10الرقم المعياري الدولي: 978-0078112775 تمرين 2
How have changes in technology contributed to the globalization of markets and production Would the globalization of production and markets have been possible without these technological changes
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The introduction of technologies such as the Internet, cell phones, satellites, and optical fiber have resulted in quick, cheap, and easy communication to and from all parts of the world. The introduction of efficient shipping containers, airfreight, and commercial jet travel have resulted in quick, cheap, and easy transportation of goods and people internationally.
Communications breakthroughs makes management and collaboration possible required for interlinked global production. Transportation breakthroughs make production profitable. Transportation breakthroughs allow a company such as McDonalds to profitably supply a global market with products. Lower prices due to cheap transportation enable a significant global market to exist. Communications breakthroughs, particularly the internet and mass media stimulate consumption of services and intellectual products such as songs and Disney movies, creating a globalized market.
The globalization of products and markets would likely not have been possible without these technological changes. If it is too expensive or difficult to communicate with a production subsidiary in China, then, there will be little globalized production. Likewise, if transportation costs make it less expensive to make goods in the US than to make them in China, then, goods will be produced in the US. If small businesses can't cheaply advertise and access customers through the internet, then, globalized markets will be much more limited.
Thus, it is clear from the above that technological changes played a significant role in globalization of production and markets.
Communications breakthroughs makes management and collaboration possible required for interlinked global production. Transportation breakthroughs make production profitable. Transportation breakthroughs allow a company such as McDonalds to profitably supply a global market with products. Lower prices due to cheap transportation enable a significant global market to exist. Communications breakthroughs, particularly the internet and mass media stimulate consumption of services and intellectual products such as songs and Disney movies, creating a globalized market.
The globalization of products and markets would likely not have been possible without these technological changes. If it is too expensive or difficult to communicate with a production subsidiary in China, then, there will be little globalized production. Likewise, if transportation costs make it less expensive to make goods in the US than to make them in China, then, goods will be produced in the US. If small businesses can't cheaply advertise and access customers through the internet, then, globalized markets will be much more limited.
Thus, it is clear from the above that technological changes played a significant role in globalization of production and markets.
International Business 10th Edition by Charles Hill
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