Geography 2143A/B Study Guide - Quiz Guide: Big Mac Index, Core Countries, Canadian Dollar
16 Oct 2017
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Globalisation debate: hyperglobalist global economy is borderless. Capital, information and innovation flow quickly due to technology: skeptics world economy is not global yet. We do have an international economy: these are both extremes, the reality of globalization is somewhere in the middle. Globalisation: globalization is the worldwide processes that make the world, its economic system and its society more uniform, more integrated and more interdependent. Logistics: globalization requires greatly increased coordination of transport by road, rail, sea, air and the internet, companies are now getting more involved in planning their own logistics. In order to reduce costs and increase sales, firms are outsourcing operation to subcontractors who can do them better and cheaper: firms are also moving more of their production and services to lower cost countries. Scales need consideration: firms must consider localizing. Big mac might not be the popular item on every menu in the world. Industrial globalization rise and expansion of multinational enterprises and is associated trade.
