MB105 Lecture Notes - Lecture 4: Knowledge Worker, Gross Domestic Product, Nearshoring

• School: WLU
• Department: Business Technology Management
• Course: MB105
• Professor: Josephine Mc Murray

Document Summary

In recent years, the rise of globalization has made a dramatic influence on the lives of people around the world. Canadians to taiwanese to argentinians are all connected and dependent on one another for a variety of goods and services. Canada and other nations are increasingly importing and exporting. Exporting selling domestically produced products to other countries. This t(cid:396)e(cid:374)d is why you"ll (cid:374)oti(cid:272)e that (cid:373)a(cid:374)y p(cid:396)odu(cid:272)ts you ow(cid:374) we(cid:396)e (cid:373)ade i(cid:374) (cid:272)ou(cid:374)t(cid:396)ies othe(cid:396) tha(cid:374) ca(cid:374)ada. Not only has globalization affected individual lives, it has also affected the way companies conduct business around the world. Globalization the movement toward a more interconnected and interdependent world economy, may be one of the most profound factors affecting people around the globe. It has resulted in the concept of a worldwide consumer. Changes in the canadian economy can affect other (cid:272)ou(cid:374)t(cid:396)ies as (cid:272)ha(cid:374)ges i(cid:374) fo(cid:396)eig(cid:374) (cid:272)ou(cid:374)t(cid:396)ies" e(cid:272)o(cid:374)o(cid:373)ies (cid:272)a(cid:374) p(cid:396)odu(cid:272)e a (cid:396)ipple effe(cid:272)t o(cid:374) ca(cid:374)adia(cid:374) (cid:272)o(cid:374)su(cid:373)e(cid:396)s, businesses, and workers.