Globalization

1.) Globalization is the worldwide movement toward the economic, financial, trade, and politics. Trends that represent globalization are: are trade barriers fall, trade amongst countries grow, money flows across the nation giving companies choices to shop for better financing rates. Globalization in NAFTA included the countries: United States, Canada, and Mexico that allows freer exchange of goods and services. Shortly after the agreement came into terms, the three countries saw an immediate change. Mexico in a short downfall received the help from the U.S after inflation reached a high of 45 percent. The EU consists of 27 members, this allowed goods and services to move across borders with no questions asked. They have adopted amongst themselves a monetary system which they call European and Monetary Union (EMU). The EU has a substantial influence on international trade. EU has created a strong enough power that can contest to that of the United States internationally. Advantages to globalization are global economy; workforce has increased, lower prices stretch the dollar bill, other countries feed off of the globalization, efficiency, better and easier access to technology. Disadvantages in globalization are that they are a risky business, inadequate use of resources causing them to become scarce and pollution may play a vital role, it can destroy or undermine local cultures, it widens the gap between the rich and the poor countries.

2.) Culture is shared beliefs, norms, values that make up a certain group or individual. Culture was made to believe that it provided solutions to issues of conforming to your environment. Culture can say a lot about the group of people or person and it infiltrates most of our lives. Everyone deals with culture differently and where you are from and where you come from determines how you act and how you behave. Every country has their own culture that there were raised with and it can mean a totally different definition to another's culture. Cultures affect many aspects of our lives as well as providing boundaries to how we act and react. Culture norms, values, beliefs, symbols, stories, and rituals have different meanings from culture to culture. Power distance in culture refers to expectations of how cultures deal with equality among people. In this case, the higher the position the higher power distance the person has such as managerial positions versus a lower position. Uncertainty avoidance in culture refers to the way people react to what is different to them and dangerous. This includes norms, values and beliefs regarding a tolerance for ambiguity, risk equal opportunity. The higher the position the more avoidant because they do not like risk and fear failure. Individualism versus collectivism in culture is the relationship between the individual and the group versus a set of cultural values that view people largely into what group they belong too. People high on individualism are thought to be as a unique person, not needing someone's support or dependent on certain groups. A collectivism country deals with group making decision, seniority based groups. Long-term orientation countries deal with how individual's best fit the criteria of a certain characteristics. They are time driven and sensitive to social relationships which is high in long-term orientation. Unlike in a short-term orientation, the long-term orientation group looks to gain security and build skills to lead on to successful organizations.

3.) The economic system is based on beliefs, activities and relationships that are usually reflected on a countries government's influences on whether productive activities are privately owned or owed by the state. The economic system is broken down into two with a mixture of both to create a mixed economy. The first on is called the "capitalist or market economy." This economy is based on private ownership of capital. Also known as free markets where the government has little interference. In this economy, private property is separated of economic power from political