Globalization Case

Globalization is the shift to a more integrated and more independent world economy. It is the process of worldwide trade intended to increase capital and economic gain for all countries involved while also increasing global citizenship. Some of the traditional international theories that support the concept of globalization are mercantilism, free trade, and comparative advantage. The mercantilism theory advocates that countries should encourage exports and not encourage imports. The free trade theory advocates the absence of governmental influence through jobs and encourages natural influence. Comparative advantage is where two countries making the same products can still get an advantage if both make an agreement to focus on the product with the higher yield in the respective country. The major drivers of globalization are Globalization is the shift to a more integrated and more independent world economy. It is the process of worldwide trade intended to increase capital and economic gain for all countries involved while also increasing global citizenship. Some of the traditional international theories that support the concept of globalization are mercantilism, free trade, and comparative advantage. The mercantilism theory advocates that countries should encourage exports and not encourage imports. The free trade theory advocates the absence of governmental influence through jobs and encourages natural influence. Comparative advantage is where two countries making the same products can still get an advantage if both make an agreement to focus on the product with the higher yield in the respective country. The major drivers of globalization are Globalization is the shift to a more integrated and more independent world economy. It is the process of worldwide trade intended to increase capital and economic gain for all countries involved while also increasing global citizenship. Some of the traditional international theories that support the concept of globalization are mercantilism, free trade, and comparative advantage. The mercantilism theory advocates that countries should encourage exports and not encourage imports. The free trade theory advocates the absence of governmental influence through jobs and encourages natural influence. Comparative advantage is where two countries making the same products can still get an advantage if both make an agreement to focus on the product with the higher yield in the respective country. The major drivers of globalization are