ADMS 1000 Lecture Notes - World Trade Organization, General Agreement On Tariffs And Trade, North American Free Trade Agreement

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: All

Document Summary

In sum, the recurrent themes raised in any discussion of globalization tend to include elements of the following: globalization can be considered a process that is expanding the degree of forms of cross border transactions among people, assets, goods and services, globalization refers to the growth in direct foreign investment in regions across the world, globalization reflects the shift toward increasing economic interdependence: the process of generating one, single world economic system or global economy. Eg: goods could be designed in one country, raw material can come from another country and assembly can be done in another country the term borderless corporation as apposed to multinational emphasizes the notion that an enterprise can be a global company without any clear nationality headquarters do not belong to one country they set up businesses where it is profitable rather than creating a branch plant whose head office is in another corner of the world decision making is a local and decentralized.