D080 Module 1 Questions and Answers Graded A

D080 Module 1 Questions and Answers Graded A globalization process by which people and goods (products, technology, information, ideas, job opportunities) move across boarders regulate global economic environment International Monetary Fund, World Bank, World Trade Organization globalization drivers economics, transportation, international cooperation fundamental aspects of globalization trade and transactions, capital and investment movements, migration and movement of people, the dissemination of knowledge areas of globalization economy, politics, culture cultural globalization transmission of ideas, meanings, values around the world - extends and intensifies social relations (formation of shared norms and knowledge with which people associate their individual and collective cultural identity) World Trade organization provide framework for negotiation and formalizing trade agreements and a spite resolution process International Bank for Reconstruction and Development (The World Bank) aid in economics development and cooperation financial instrument a monetary contract between parties stages of going global market entry, product specialization, value chain disaggregation, value chain reengineering, creation of new markets market entry enter new countries using models similar to ones deployed in home markets product specialization companies transfer production process of a particular product to a single low cost location and export the goods to different markets value chain disaggregation companies separate the production process and focus on completing each activity in the most advantageous location value chain reengineering companies seek to increase cost savings by rejigging their processes to suit local market conditions (lower cost labor for capital) creation of new markets focus = market expansion//company able to lower sticker prices and to expand demand industry globalization drivers underlie conditions in each industry and create potential for industry to become more global market, cost, competition, government opportunities for scale cost advantages due to an increase in the amount of output and decrease in cost per unit market opportunity for scale, convergence of needs cost economies of scale and scope, exploiting cost of factors of