Geography 2143A/B Lecture Notes - Portfolio Investment, Foreign Direct Investment, China Mobile
27 Mar 2014
School
Department
Course
Professor
Document Summary
The worldwide processes that make the world, its economic system, and its society more uniform, more integrated, and more interdependent. While there is no universally agreed definition of globalization, typically the term refers to international integration in commodity, capital and labour market. Mcdonald"s + coca cola = epitomization of globalization. Placelessness: you can"t identify big cities without huge landmarks. Can"t own labour, you can rent it (not legal to own) Globalization requires greatly increased coordination of transport by road, rail, sea, air and now also by an entirely new route to market: the internet. Now companies are having to become more involved in planning their own logistics. Under relentless pressure to reduce costs and increase sales around the world, firms are outsourcing operations to subcontractors who can do them better and more cheaply, and moving more of their production and services to lower-cost countries. Companies under pressure to have it faster, cheaper, better.
