Globalization

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Globalization :

Globalization JESUS LIVES PRESENTS

PowerPoint Presentation:

Globalization is the word used to describe the increased worldwide competition and business activity . Goods and services that once can only be found in one country has spread all around the world.

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There are several reasons for this. Free trade agreements encourage international trade . Improved travel links and communication . Countries that have been undeveloped before start to develop and export their own goods, leading to more international competition .

Globalization results in: :

Globalization results in: More choices and lower prices for the consumer. Businesses look into more ways to become more efficient. Why many businesses merge to becomemultinationals. Inefficient businesses go out of business . Free trade results in. More workers losing jobs, since governments can no longer protect them from foreign competition

Multinational businesses :

Multinational businesses JESUS LIVES PRESENTS

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Multinationals are businesses that have factories , services , or operations in more than one country . It is important to note that, for a business to become multinationals, they must produce goods in more than one country.

Why do firms become multinationals :

Why do firms become multinationals To cut costs: Labour costs. Raw material costs. To extract raw materials not found elsewhere. To produce goods nearer to the market. To bypass trade barriers. To expand and spread risks.

Advantages of multinationals operating in a country:

Advantages of multinationals operating in a country Jobs are created. New investment increases national output . Imports are reduced since there are more goods in the country. More exports . More taxes are paid to the government

Disadvantages of multinationals operating in a country :

Disadvantages of multinationals operating in a country Jobs created are usually unskilled jobs . Local firms are forced out of business since they can't compete with multinationals. Profits flow out of the country. Multinationals use up scarce resources . May influence the government .

Disadvantages of multinationals operating in a country Jobs created are usually unskilled jobs. Local firms are forced out of business since they can't compete with multinationals. Profits flow out of the country. Multinationals use up scarce resources. May influence the government.   :

Disadvantages of multinationals operating in a country Jobs created are usually unskilled jobs . Local firms are forced out of business since they can't compete with multinationals. Profits flow out of the country. Multinationals use up scarce resources . May influence the government .

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