International Business 12 - Chapter 5 & 6

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4 Terms

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Globalization Definition

movement of goods, services, technology, investment, ideas, and people throughout the world (everything)

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Positive Effects of Globalization (7)

  • Outsourcing

  • Lower prices

  • Improved human rights

  • Increased productivity

  • Innovation

  • Better jobs

  • Increased capital flow

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Negative Effects of Globalization (9)

  • Lost Canadian jobs

  • Fear of job loss

  • Loss of Canadian productivity

  • Exploitation of cheap labour

  • Increased pollution

  • Unhealthy products

  • Spread of disease

  • Increase in the income gap

  • Influence of multinational corporations on governments

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The Three Globalization Strategies

  1. Global Strategy

  2. Multidomestic Strategy

  3. Transnational Strategy