NOTE: Free essay sample provided on this page should be used for references or sample purposes only. The sample essay is available to anyone, so any direct quoting without mentioning the source will be considered plagiarism by schools, colleges and universities that use plagiarism detection software. To get a completely brand-new, plagiarism-free essay, please use our essay writing service.
One click instant price quote
In recent years China has replaced Japan as the country with which the US has its biggest trade imbalance. The shortfall is already massive and it seems to grow bigger by the day. While Chinese imports have been largely tracking the growth in exports, most of the imports come from Japan and the Far East, whereas most of the exports go to America. At this dawn of the new millennium, we are at the doorstep of a new age of progress, an information age that is transforming the nature of business and society. Technology and globalization have become mutually reinforcing.
Technology enables business globalization while globalization makes technology more profitable. In addition to higher global economic growth, this coming together of technology and globalization also means major changes in social and business environments as old power structures break up and new ones arise. Yet, most business writing has focused on either technology or globalization or another narrow feature of these changes with little attention paid to their gestalt. There are many reasons why business is becoming global and why technological changes are reinforcing these trends towards globalization: From 1950 to 1994, while world output grew about five-fold, world trade grew thirteen-fold.
In the same period, while global manufacturing output expanded roughly eight times from 1950 to 1994, exports of such products grew by about twenty seven times. These trends towards the globalization of business seem unlikely to reverse as they are based on the unrelenting forward march of technology and other fundamental forces that create and increase economic wealth. Increasingly larger numbers of firms from South Korea, Taiwan, Israel, Brazil, India, and other developing countries, are now becoming global competitors in many industries, and competing successfully with firms from the developed countries. For example, one of the most globally advanced companies for cement cement trucks is Mexico-based Come, a multinational producer and supplier of cement.
Increased international communication in the form of cross-border flows of movies, news and other television shows, music, and inexpensive telephone calls is leading to the increasing globalization of the demand for many products. The same music, television, motion pictures, and sports icons seem to be popular among young people everywhere. Demand for high quality branded products seems to transcend cultures and borders. While many products have to be modified for local tastes, an ever larger number of products are being developed and sold for global consumption. Many brands such as Nike, Disney, CNN, McDonalds, Coke and Pepsi, Panasonic, Sony, Samsung, and others are already globally ever-present, and are being managed for global effectiveness. Marshall McLuhan's much discussed global village finally seems to be here.
Free research essays on topics related to: cement, globally, firms, exports, globalization
Research essay sample on 1950 To 1994 Technology And Globalization Global
