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Essay / Globalization and international finance, questions and...
Q1. History of your subject (i.e. product, country(ies), item, etc.)? Please explain your choice of topic in detail. Globalization is defined as the move towards a world in which barriers to cross-border trade and investment diminish; distance decreases due to new advances in transportation and telecommunications technologies, material culture begins to look the same all over the world; national economies coalesce into an interdependent and integrated global economic system (Hill). The word itself. “globalize” emerged in the 1960s to mean “globalize in its scope or application.” Its origin dates back to the Silk Road, a route between China and the Mediterranean Sea, which promoted the exchange of ideas and knowledge, as well as the trade of goods and food. like silk, spices, porcelain and other treasures of the Orient. Additionally, when Europeans began creating colonies overseas, globalization expanded. Globalization can also be attributed to Africans being brought to other parts of the world. For example, introducing the Christian religion to the places they visited and spreading Christianity from Europe to Latin America. An example of a gobalizatoin is a car designed in Germany, assembled in Mexico, from components made in the United States and Japan, and made from Korean steel and Malaysian rubber.Q2. How does your subject relate to international finance? International finance has two fundamental parts: integration and technical change. These fundamental forces have shaped the evolution of international finance for centuries. “The global integration of money and capital markets is an important element of international finance; through such channels, purchasing power over real resources is today transferred from regions of the world where expected rates of r...... middle of paper ......r subject are better or have a greater impact? If so, what would you change? or how would you positively impact this? 10. What have you learned? How can you apply what you have learned in your current job or future career? With the rapidly evolving global era of internet and technology, globalization is evident. We can contribute to globalization by investing more in research, technology, education, capital and innovation. The more innovation and research, the more new products can be created at lower cost and with better product quality. Globalization allows for more creativity and diversity. Due to the effects of globalization, all companies are trying to acquire a very diverse human pool of talent, because diversity promotes globalization. To be competitive in the global market, there must be diversity in businesses, whether in employees, ideas or creations..