A question running through many people's minds is if globalization is a threat or an opportunity. ... People of various countries have different customs as well as technological advances. ... Countries are having difficulty keeping up with the high paced economy due to lack of technology, resources, and capital. ... Therefore, they will remain as "third world countries;" uninvolved in the world around them. ... Globalization has transformed the world from an era of cross-cultural exchange to mass production. ...

• Word Count: 866
• Approx Pages: 3
• Grade Level: Undergraduate

Globalization, State, Power and Sovereignty Globalization "Globalization is the panacea for all our ills, but only in favour of the developed countries of the north" -Robert Reich Before a person can answer the question posed by this essay, he or she must fully understand the concept of globalization. ... With globalization comes a greater cross-border movement of both tangible and intangible goods and services, which include ownership rights and intellectual property. Globalization is usually facilitated by the significant lowering o...

• Word Count: 2079
• Approx Pages: 8
• Grade Level: Undergraduate

This is a new market for Nike, but instead of running the risk of fully entering a new market, they simply licensed an independent company to produce goods for them, with the Nike brand name on it. ... This is an example of a cross-border acquisition. ... The corporate offices are usually located in the home country, such as Nike. ... Although Nike has workshops in Vietnam, there is low value added operations in this country. The workshops are thought of as sweatshops in these countries and Nike does not bring any added value to the country. ...

• Word Count: 2770
• Approx Pages: 11

However, one can also point to a rapid increase in cross-border social, cultural and technological exchange as part of the phenomenon of globalisation. ... A Dutch academic who maintains a good website on globalisation, Ruud Lubbers, defines it as a process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross border economic, political and socio-cultural relations Left critics of globalisation define the word quite differently, presenting it as worldwide drive toward a globalised economic system dominated by supranational corp...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate