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Categorieën: Alle - development - trade - globalization - risk

door Ермакова Юлия 6 jaren geleden

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The wrong mental map

Globalization refers to the process where countries transition from traditional to industrial economies, leading to significant socio-economic changes. The primary aim is to offer organizations a competitive edge by reducing operational costs and expanding market reach.

The wrong mental map

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The Economic Impact on Developed Nations

Components of Globalization

Human Development Index

industrialization

GDP

Beneficial Effects

increase in trade

capital flow

impact

Normal Effects

risk diversification

the economic growth

resource abuse

bankruptcy risk

costs exceed benefits

How Globalization Еffects Developed Countries

Globalization is a process of accelerated socio-economic transition from the traditional stage of development to the industrial one, with a predominance of industrial production in the economy.

The goal of globalization is to provide organizations a superior competitive position with lower operating costs, to gain greater numbers of products, services and consumers.