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Essay

The Global Economy

Essay specific features

 

Issue:

Business

 

Written by:

Marilyn E

 

Date added:

July 13, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

8 / 2182

 

Was viewed:

903 times

 

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Essay content:

Kenichi Ohmae (1989), a Japanese consultant, calls this the borderless world. While nobody would argue that national borders are completely irrelevant, certain influences have caused the globe to become smaller and smaller. These include technological advances in global communication and transportation, the dilution of culture, a decrease in tariff and nontariff barriers, and a self-feeding change in the degree of global competition...
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While some form of international trade existed prior to the colonial expansion of Europe in the fifteenth and sixteenth centuries, mercantilism, or the trading of gold and silver for goods, served as the precursor for the large flows of goods, services, and information that currently exists. This philosophy of national power postulated that those countries with large amounts of specie could maintain the types of armies necessary to conquer other nations...
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