Which one of the following is a challenge of globalisation

Loss of Individuality Globalization can bring about many benefits, as well as some challenges. By utilizing best practices, businesses can maximize the benefits of globalization while minimizing any risks associated with globalization. What Are the Benefits of Globalization? Globalization helps businesses tap into new markets and expand their business across their geographic borders. By having access to a diverse workforce, the business benefits from a variety of cultural viewpoints and value systems. Additionally, globalization improves the local economies and standard of living of workers. Some of the key benefits of globalization include: Lower Cost of Goods and Services Businesses that take advantage of globalization can complete work in regions where goods and services are more affordable. This can result in lower costs and higher profits for the business. Greater Innovation When the global market is tapped into, businesses can benefit from the creativity and innovation of a diverse workforce. Businesses that stay within a certain geographic area may not open themselves up to ideas generated by people with different backgrounds, value systems and ideas. Globalization encourages more connectedness and an appreciation for other cultures and viewpoints. Opening a product or service to a new market can help a business see how others around the world perceive their offering. This ultimately helps improve the quality of products and the marketing message. Innovative ideas m...

What are the effects of globalization? We live in an increasingly interconnected and interdependent world. The growing interdependence of the world’s economies, cultures and populations—or "globalization"—touches every part of our lives, from the products we buy to the food we eat to the ways we communicate with one another. Globalization is also tied to some of the other biggest issues we face in the modern era, including The intertwining of countries and markets all over the world has both benefits and downsides, so policies that support integration have both proponents and detractors. No matter which side you’re on, globalization is simply a reality of modern life; therefore, it’s important to understand how it affects us and the choices we make. In this module, we will • learn about the economic impacts of globalization and follow the global • explore the economic and political changes that have supported to the global expansion of this supply chain, • get to know the international institutions and organizations that govern issues of global concern, • investigate how seemingly unrelated events around the world can coalesce to cause problems at home, • look at how globalization has created new markets for everything from avocados to Hollywood movies, and • explore the technological innovations that have made it easier for people all over the world to connect with one another.

This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer See Answer See Answer done loading Question:10. Which of the following statements is true of globalization 4. It makes countries and markets more independent It leads to the replacement of regional trade blocs with national markets It refers to an increasing degree of interdependence between the national economics d. It offers multinational companies fewer ways to reduce their expenses 11. 10. Which of the following statements is true of globalization 4. It makes countries and markets more independent It leads to the replacement of regional trade blocs with national markets It refers to an increasing degree of interdependence between the national economics d. It offers multinational companies fewer ways to reduce their expenses 11. Globalization raises concerns about the a. Restricted access multinational companies have to all less-developed countries Unethical behavior of economically advanced nations toward developing anes Inability of multinational companies to reduce their production costs d lack of currency flow in foreign exchange markets 12 Lisa gray area in which a person's ethical principles are defined by the traditions of his or her society. personal opinions and the circumstances of the present moment a: Methodological relativism b. Ethical consequentialism Ethical relativism Motive consequentialism 13- Which of the following ...

Summary. As the coronavirus swept the world, closing borders and halting international trade and capital flows, there were questions about the pandemic’s lasting impact on globalization. But a close look at the recent data paints a much more optimistic picture. While international travel remains significantly down and is not expected to rebound until 2023, cross-border trade, capital, and information flows have largely stabilized, recovered, or even grown over the last year. The bottom line for business is that Covid-19 has not knocked globalization down to anywhere close to what would be required for strategists to narrow their focus to their home countries or regions. Cross-border flows The Covid-19 pandemic is not likely to send the world’s level of globalization below where it stood during the 2008-09 global financial crisis (the worst setback for international The only part of the index showing an unprecedented collapse due to Covid-19 is people flows. Trade has rebounded strongly, capital flows are recovering, and digital information flows have surged. Consider the business implications of developments in each of these four areas: 1. Trade Flows The rebound of world trade has surpassed even the most optimistic The trade turnaround should put to rest the idea that Covid-19 is the last straw for Expect supply chain shifts to 2. Capital Flows Cross-border investment flows were hit even harder than trade by Covid-19. Investors withdrew International corporate investment,...

Summary. As companies contemplate adjustments to their global strategies, it is important to recognize how much continuity there still is even in a period of wrenching change. The idea of a world where economic efficiency alone drives patterns of international flows was always a myth. Globalization has always been an uneven process, with cross-country differences and international conflicts significantly dampening international flows. That’s a big part of why — even before the present crisis in Ukraine — only about 20% of global economic output ended up in a different country from where it was produced.As the landscape shifts, global strategies must be updated, but managers should avoid the costly overreactions that tend to follow major shocks to globalization. In the U.S., real Surging demand for goods could only translate into more trade and more consumption to the extent that supply could rise to fulfill it. The war in Ukraine is Before the war, trade was 2. Capital Flows Much like trade, international capital flows also plummeted at the beginning of the pandemic, and they have also recovered. In 2020, foreign direct investment (FDI) flows (which reflect companies buying, building, or reinvesting in operations abroad) fell below $1 trillion for the first time since 2005. That fits with a broader pattern of slowing growth across other information flow measures. The Looking forward, the globalization of information flows is clouded with an especially high level of uncerta...