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Globalization
Globalization refers to the broadening set of interdependent relationships among people from different parts of a world that happens to be divided into nations. The term sometimesrefers to integration of world economies through the reduction of barriers to the movement of trade, capital technology, and people. Globalization enables us to get variety, better quality, or lowerprices.
International business
International business comprises a large and growing portion of the world’s total business. As a manager in almost any industry, you’ll need to consider both where toobtain the inputs you need of the quality you need and at the best possible price and where you can best sell the product or service that you’ve put together from them.
Studying international business isimportant because:
Most companies either are international or compete with international companies
Modes of operations may differ from those used domestically
The best way of conducting businessmay differ by country
An understanding helps you make better career decisions
An understanding helps you decide what governmental policies to support
Index ranks (A.T Kearney /Foreign PolicyGlobalization)
Economic- international trade and investment
Technological- internet connectivity
Personal contact- international travel and tourism, international telephone traffic, and personal transfersof funds internationally
Political- participation in international organizations and government monetary transfers
Factors in increased globalization
1. - Increase in and expansion of technology2. - Liberalization of cross-border trade and resource movements
3. - Development of services that support international business
4. - Growing consumer pressures
5. – Increased global competition6. – Changing political situations
7. – Expanded cross- national cooperation



Globalización
La globalización se refiere al conjunto de la apertura de las relaciones interdependientes entre...
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