Compare and contrast economic globalization with political globalization.
What will be an ideal response?
Economic globalization involves the integration of fragmented markets into a global economy. The
markets for goods and services, information, capital, and labour become worldwide, leading to free trade among nations. Barriers still exist to free trade among nations.
Political globalization is the process by which world power relationships change and there is a loss of
sovereignty by the state. The reduced role of the state is replaced by power being assumed by
multinational corporations, religious organizations, non-governmental organizations, social movements, and transnational terrorism.
You might also like to view...
Entities outside the organization with a direct or indirect interest in the firm, such as stockholders, financial institutions, and government agencies, are called ____________________
Fill in the blank(s) with correct word
For a tangible gift to be considered valid, the donor must make the delivery in person
Indicate whether the statement is true or false
Migration of working-age people has traditionally contributed to __________ such imbalances in labor demand and supply, and is still a solution for many in developing countries.
a. Exacerbating b. Resolving c. Questioning d. Perpetuating
As indicated by Maslow's need hierarchy, some people respond favorably to sales promotions that target their sense of belonging, their ability to be remembered, and their need to be appreciated. The needs that are being targeted are social, ego, and _____ needs.?
A) ?physiological B) ?security C) ?self-actualizing D) ?safety