ADMS 1010 Lecture 5: Week 5 [P2]

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Week #5 automobile industry and the impact of. Describes the changes in society and the world economy that result from dramatically increased international trade and cultural exchange. A in face of more world-wide pressures. Technology, particularly in communications and transportation, has increased this level of instructiveness. Industrialization, advances transportation, globalization, multinational corporations, and outsourcing are all having a major impact. Increasing international trade is the primary meaning of . Globalization in its complete form eliminates national states. Globalization became more prevalent after world war ii. Gatt and the wto are examples of globalization taking root. Neo-conservative movements in the 1980s are made possible through the development of globalization. Borders are eroded as markets are integrated. As barriers fall, private capital seeks new markets. Government anxious to reduce deficits and shift spending to social needs, increasingly welcomes this investment. International trade is the exchange of goods and services across international boundaries.

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