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Economic Globalization : (Transportaton (Shipping (Main gates ways, Lowest…
Economic Globalization
:
Transportaton
Road and rail
Very wide range of cost
Wide range of transit time
Shipping
Main gates ways
Lowest cost
Long transit time
Aviation
Trade of high value goods
Highest cost
Short transit time
Trade
International trade
Protectionism
Subsidies
Qoutas
Tariff
Free trade
No restriction on trade
Product
Import
Export
Services
Tourism
Banking
Transportation
Communication
Fewer cultural barriers
Television and movies
Communicate effectively and efficiently across the planet
Creation of global village
Virtual assistant jobs
Education
Increase business oppotunities
Improving economic outlook on global level
Hire employee that are located in other countries
Easier to connect with suppliers and customers