globalization
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Title: globalization

Essay Details:

Subject: Business
Author: Barbara F
Date: August 6, 2014
Level:
Grade: A
Length: 2 / 573

Essay text:

This diversity decreases due to hybridization or assimilation * international travel and tourism increases * worldwide sporting events like the Olympic Games and the FIFA World Cup are held * enhancement in worldwide fads and pop culture * local consumer products are exported to other countries * immigration between countries increases * cross-cultural contacts grow and cultural diffusion takes place * there is an increase in the desire to use foreign ideas and products, adopt new practices and technologies and be a part of world culture * free trade zones are formed having less or no tariffs * due to development of containerization for ocean shipping, the transportation costs are reduced * subsidies for local businesses decrease * capital controls reduce or vanquish * there is supranational recognition of intellectual property restrictions i...

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