Globalization

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Submitted by to the category Business and Industry on 10/25/2012 05:13 PM

Definition of Globalization (or globalisation)

It refers to the increasing global relationships of culture, people, and economic activity. It is generally used to refer to economic globalization: the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import quotas and the reduction of restrictions on the movement of capital and on investment. Globalization may contribute to economic growth in developed and developing countries through increased specialization and the principle of comparative advantage. Encourage freedom of trade, increase cross-culture contact, brain drains(人才流失), international tourism, sports( FIFA world cup, Olympic game), political ( European union, WTO, G8)

它是指文化,人民和经济活动的日益增多的全球关系。它一般用来指经济全球化:全球分销的货物和服务的生产,通过减少如关税,出口费用,进口配额和减少对资本流动的限制,以国际贸易的障碍,投资。全球化可能有助于通过提高专业化和比较优势的原则,在发达国家和发展中国家的经济增长。鼓励自由贸易,增加跨文化接触,大脑水渠(人才流失),国际旅游,体育(世界杯,奥运会),政治(欧洲联盟,世界贸易组织,八国集团)

Causes of globalization

One of the causes of globalization is the efficiency of international transportation as a fundamental element supporting the global market. International transportation refers to a factor that causes international trade to extend more rapidly because international trade requires infrastructures, which can support trade between several companies. Since, half of the global trade occurs between locations of more than 3000 kilometers away, most international goods movements involve several modes especially when the destination are far away from each other. Maritime shipping and air transport are one of the transportation modes, which concerned with international trade. One of the advantages of Maritime transportation is, it handles about 90 percent of the global trade which includes a series of getaways granting access to main production and consumption region. Meanwhile, the importance of air transport is, it carries international air freight which is about 70times more...

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