In the Introduction to the Course, we discussed three processes of globalization in the world economy:

In the Introduction to the Course, we discussed three processes of globalization in the world economy: internationalization, liberalization, and the information and communications technological revolution(s). Explain the meaning of these terms, how they differ, and how they are important. Use specific empirical examples to clarify the abstract terms and illustrate the conceptual differences.

Expert Solution

Internationalization refers to product designing which makes the product acceptable in different countries.Internationalization is followed to make the market of the product expand beyond the domestic boundary.It caters to the taste and habit of consumers abroad.Internationalization provide accessabilty to trade internationally. This leads to stronger ,successful and profitable business. Internationalization helps in proper operation of the firm and determines the firm's perspective about future..Internationalization will not take place if the firm is not competitive in the domestic market.Internationalization gives the product a broader market, increases the image of the company , stimulates production and reduces cost of production by being efficient .

Liberalization means removing government restriction to increase economic development.Liberalization benefits the developing economies as it ensures unhindered flow of capital to and from the country.This in turn stimulates economic growth and development.

Information and Communication revolution refers to innovations that are taking place in exceptional rate in the information and communication technologies. Certain changes were revolutionary as they changed the lives of people for the better like canals and turnpikes,radios and television and may be called communication revolution. Information revolution refers to economic ,social and technological changes that were made beyond industrial revolution The importance of information and communication revolution is universal accessability to education,delivering of standard learning as well as teaching , development of teachers at the professional level,more systematic and structured governance ie administration and education management.

The difference between internationalization and liberalization is that former involves expanding business beyond domestic border and the latter means absence of governmet restrictions .The difference between information and communication revolution and internationalization is that the former speeds anywhere in the world and makes distance outdated very fast than internationalization.

Rahul Sunny answered 2 years ago

During the course we have discussed the impact of Technology on businesses and globalization. Briefly discuss...

During the course we have discussed the impact of Technology on businesses and globalization. Briefly discuss the Technological aspects of different global business environments. Where do you see these trends accelerating the most?

Consider the following processes we've discussed in class. In which of these processes can we observe...

Consider the following processes we've discussed in class. In which of these processes can we observe evolutionary conflict? Group of answer choices A) multi-level selection B) sexual selection C) Coevolution D) Genetic drift A, B, and C A and B All of the above A, B, and D

n the first units of this course we discussed how to generate a client base and...

n the first units of this course we discussed how to generate a client base and making calls that will generate business for your company. In this unit we have discussed ways to maintain those relationships once you have them. Image you are the top marketing executive for a company, what are specific techniques that you would implement to maintain your client base? How would you build lasting partnerships with business clients? In your initial response, clearly articulate your plan...

The following questions are conceptual questions on several topics that we have discussed in the course....

The following questions are conceptual questions on several topics that we have discussed in the course. In answering the questions, be clear and to-the-point. The motivation of your answer determines the grade. Suppose you have to choose between three projects. All involve production technologies that will be repeated at the end of their economic lives. Relevant project information is summarized below. Your supervisor expects a recommendation consistent with shareholder value maximization (his compensation package is linked to the share price...

In Lecture A9, we discussed an example of new product introduction. Draw the two trees of...

In Lecture A9, we discussed an example of new product introduction. Draw the two trees of Managers X and Y. Solve the two trees to find each manager’s EMV. Which manager’s tree has a higher EMV? What is the economic meaning of the difference of the two EMV’s? [Hints: Think about the value of knowing if the production process is delayed or not when the manager needs to make the price decision] (Optional) What are the risk profiles of the...

In your own words, describe three mechanisms of transcriptional regulation, as discussed in this course, that...

In your own words, describe three mechanisms of transcriptional regulation, as discussed in this course, that are involved in controlling the rate of expression of hydrolytic enzymes associated with lysosomes. For each mechanism described, include whether the rate of expression would be increased or decreased.

Select a specific real-world firm or market that we have not discussed in class or the...

Select a specific real-world firm or market that we have not discussed in class or the textbook and discuss which model of market structure you think would be most appropriate to describe that market. (ie. Perfect competition, monopolistic competition, oligopoly, monopoly.) Real world markets never exactly meet the assumptions of the models, so you can also talk about what aspects of the real-world market may not fit the model what aspects are not well described by the model selected. You...

Identify all the metabolic processes we discussed that are anaerobic How many molecules of ATP does...

Identify all the metabolic processes we discussed that are anaerobic How many molecules of ATP does a cell ultimately gain (not simply produce, but make in abundance of their own needs) when 4 molecules of glucose are broken down via glycolysis. Explain.

we have discussed various aspects of accounting and how it relates to the world around us....

we have discussed various aspects of accounting and how it relates to the world around us. Thinking about what you have learned from this course, how could this knowledge be used in your everyday life? Consider such factors as personal organizational skills, financial awareness, financial accountability, or professional career growth.

b) In several sections of this course, we discussed how market structure impacts results. In particular,...

b) In several sections of this course, we discussed how market structure impacts results. In particular, we looked at the level of competition (perfect competition and monopoly), and how it impacts the market. In theory, what impact does monopoly have on price, output and efficiency in the market, relative to perfect competition? Use a graph.

Question