ADMS 1000 - Chapter 6-10

422 views20 pages

Document Summary

Integration of world economies is the presence of trade blocs reflects the accelerating pace with which nations are integrating their economies. For example, nafta is a free-trade bloc consisting of canada, the. The eu groups 25 countries, while apec (asian pacific. Economic cooperation) consists of 21 nations forming a free-trade zone around the pacific. Integration of world markets is the notion that consumer preferences are converging around the world. Organizations are increasingly marketing their goods and services worldwide. Though local modifications may be made to tailor the product to the local consumer, there is a push toward global products. On the other side, production is increasingly becoming a global affair. Businesses will set up operations wherever it is least costly to do so. Globalization can be considered a process that is expanding the degree and 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.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers
Win an iPhone 13
Get a subscription and follow @oneclass.store on TikTok for a chance to win an iPhone 13. Learn more

Related Documents

Related Questions