GLOBALIZATION

GLOBALIZATION

1. Generalities

   • Growing integration of the economies of all over the world, especially through the trade and financial flows.
     • Social networks, free trade agreements, Internet purchases.
     • Processes that interact with each other to facilitate the sharing of resources

2. Economic blocks

   • Created to group a set of countries for the purpose of obtaining benefits in international trade.
   • monetary union, the union customs, the economic union, the preferential trade areas and free trade areas and Common Market.
   • European Union, the Free Treaty North American trade (NAFTA) and the African Union.

3. Internationalization

   • Process by which the organization creates the conditions necessary to operate in the international market.
   • Capacity reached by a power company market their products or locate in another country of the world, other than their country of origin.
   • Allows access to other markets, which makes it possible economic growth. intensifies the process of exchange of any type of good between different countries of the world.

4. Transnationalization

   • International business activities. I know originally set to a country (Array) but later spreads to other countries of the world through the creation of related companies.
   • Specific form of intensification of relationships social, cultural, political and economic transcends national spaces
   • Contacts, coalitions and interactions that take place across the borders of the States and that are not controlled by the central government bodies of the foreign policy.

5. benefits of internationalization

   • The growth or expansion of the company.
     • Better economic income
       • Greater company value
         • Competitiveness is boosted
           • tax benefits
             • Recognition in other countries
               • Plants or headquarters in new territories