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About globalization..
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Horizon68
Nov 7, 2018, 3:17:38 PM11/7/18
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Hello..
Read this:
About globalization..
1- Globalization has created new opportunities for firms to develop
business models and offerings that have a higher intensity of R&D,
innovation and capital. Many of the goods and services that have entered
the market over the past decades have exactly those features, and
without globalization, firms would have been forced to continue with
business models that work with a smaller volume of sales. Firms have
been able to specialize more than before and, as a consequence, human
capital and the share of skilled jobs in the economy have grown
remarkably. Today, advanced economies have a greater share of
better-paid and better-skilled jobs than ever before.
2- Globalization has increased real wages for people in Western
economies by making products cheaper or reducing the pace of price
increases. If the typical goods that every household purchases had
followed domestic rather than international price developments,
consumers would have been poorer and saddled with products of lower quality.
3- Globalization has made significant contributions to productivity
growth and, as a consequence, further raised living standards.
Globalization has been particularly important for enabling new
technology to spread fast across markets. In the long term, it is the
speed of technological improvement that sets the pace for how richer
societies get.how societies get richer
However, trade and investment are not growing fast anymore, and there is
much suggesting that the decline in trade and investment growth is one
explanation to the failing dynamism of Western economies. While some
appreciate the decline in the growth of globalization, those who care
about the prosperity of a society should deplore it and make efforts for
the world economy to return to high levels of trade growth.
Read the following study to know more about globalization:
The Economic Benefits of Globalization for Business and Consumers
http://ecipe.org/publications/the-economic-benefits-of-globalization-for-business-and-consumers/
Thank you,
Amine Moulay Ramdane.
Read this:
About globalization..
1- Globalization has created new opportunities for firms to develop
business models and offerings that have a higher intensity of R&D,
innovation and capital. Many of the goods and services that have entered
the market over the past decades have exactly those features, and
without globalization, firms would have been forced to continue with
business models that work with a smaller volume of sales. Firms have
been able to specialize more than before and, as a consequence, human
capital and the share of skilled jobs in the economy have grown
remarkably. Today, advanced economies have a greater share of
better-paid and better-skilled jobs than ever before.
2- Globalization has increased real wages for people in Western
economies by making products cheaper or reducing the pace of price
increases. If the typical goods that every household purchases had
followed domestic rather than international price developments,
consumers would have been poorer and saddled with products of lower quality.
3- Globalization has made significant contributions to productivity
growth and, as a consequence, further raised living standards.
Globalization has been particularly important for enabling new
technology to spread fast across markets. In the long term, it is the
speed of technological improvement that sets the pace for how richer
societies get.how societies get richer
However, trade and investment are not growing fast anymore, and there is
much suggesting that the decline in trade and investment growth is one
explanation to the failing dynamism of Western economies. While some
appreciate the decline in the growth of globalization, those who care
about the prosperity of a society should deplore it and make efforts for
the world economy to return to high levels of trade growth.
Read the following study to know more about globalization:
The Economic Benefits of Globalization for Business and Consumers
http://ecipe.org/publications/the-economic-benefits-of-globalization-for-business-and-consumers/
Thank you,
Amine Moulay Ramdane.
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