Discuss the extent to which US policy in Latin America in the late-nineteenth century and the...

Discuss the extent to which US policy in Latin America in the late-nineteenth century and the first half of the twentieth century was representative of the tendency toward globalization and discuss the kind of globalization it represented.

Expert Solution

A contemporary globalization phenomenon possibly took place in the mid-19th century, with increased capital and labor mobility and decreased transport costs bringing in a smaller world.

Key causes of globalization:

Increased infrastructure, enabling global travel. For instance, air travel has developed exponentially, enabling people and products to move further around the world.
Containerizing. The stainless steel container was quickly introduced from 1970. This reduced the cost and made trade cheaper and more efficient of intermodal transport.
Improved technology that enables the worldwide communication and exchange of knowledge. For example internet. Web. For example I would go to a global online network, such as elance.com, to work on changes to this website. Persons may apply there for the right to provide a service from any country. This ensures that I sometimes see people doing a job fairly cheaply, because the labor costs in the Indian subcontinent are comparatively less.
Growth of multinationals in many different countries with a regional footprint.
Increased capital mobility. Over the last few decades, capital barriers have been reduced progressively and the movement of capital between the different economies has become easier. This has improved corporations 'capacity to obtain funding. The global interconnection of global financial markets has also been strengthened.
Global trade blocks are that and national barriers have been eliminated.
The tariff barriers proposed by the WTO have been raising and encourage free trade.
Business that take advantage of scale economies.
World Media Production.
The financial sector is increasingly global in nature. Global trading cycle Since the subprime mortgage crisis triggered damage to American banking, it affects all major banks in countries which have bought US banks and mortgage companies 'financial derivatives.
Internet
Enhanced labor versatility.

Result:

There are different definitions of what we say, and there are different factors that explain it. Globalization is difficult to describe precisely.
Improved technology is without a doubt very critical to promoting globalization; it would not have been possible to have seen the increasing interdependence of companies and countries without innovations such as the Internet and global communication.
It is essential to increase free trade. However, various trade barriers still exist and the development of globalization has not stopped.

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Rahul Sunny answered 8 months ago

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