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Globalization - Coggle Diagram
Globalization
economic globalization
investment flows
labor across borders
cross-border intergration of companies into multinational firms
international trade
causes of globalization
advanced telecommunications
internet,email,social media,etc have dramatically reduced the cost of conducting business globally
reduced transportation costs
The flow of people and goods between international business is easier and cheaper
falling trade and investment barriers
the bilateral or multilateral agreements that reduced tariff barriers to global trade and effectively increased the frequency of imports and exports between countries
growth of MNEs and FDI
FDI(foreign portfolio investment)
the investment in actual productive assets undertaken by companies,such as build up a production plant in a foreign country
MNEs(Multinational Enterprise)
MNEs can contribute towards globalization by undertaking operations
definition
the process of closer integration and exchange between countries and peoples worldwide