Define globalization and explain why it is important

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Reference no: EM132574890

Learning Goal: We will examine different types of global business activity, including the growth of multinational corporations and identify the fundamental driving forces behind globalization. We will explore the rationale behind international trade and protectionism. The implications of foreign ownership and trade will also be addressed.

Reflection Question:

1. In your own words, define globalization and explain why it is important to business. (Pearson text The Global factor)

2. Briefly discuss one (1) important benefit and one (1) crucial risk that globalization imposes on developing economies.

Reference no: EM132574890

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