Reply:
lehasang
member
REF: 89462 Date: 01/01/2007
Globalizayion refers to the shift toward a more intergrate and interdependent world economy. Globalization has two main components: the globalization of markets and the globalization of production.
The globalizationof markets refers to the merging of historically distinct and separete national markets into one huge global marketplace.
The globalization of production refers to the tendency among firms to source goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labor, energy, land, and capital)
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Reply:
tienthuy8d1
member
REF: 89463 Date: 01/01/2007