Explain the term ‘globalisation’ and the role that multinational companies play in the development of globalisation. Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services and has therefore lead to increased trade between countries. This trade encourages countries to work together and removes trade barriers such as quotas and tariffs. This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country.
DBQ Essay 10/11/12 During the 1800's, construction of the Transcontinental Railroad, and the Erie Canal led to great economic growth in the U.S. They both made transporting easier during 1860- 1890. The Erie Canal led to great economic growth in many ways. One way was that it made transporting easier for people and their goods. They used the Erie Canal for many reasons, but the main reason was to bring goods to and from places to make a profit.
Some products require extra handling care and do not need to be rushed with delivering whereas other products may not require so much care but needs to be delivered as soon as possible. Each delivery method has its own advantages and disadvantages. The first method of transport used by the John Lewis Partnership is by water. Ships are used to transport products on sea. Firstly, ships can carry large cargo, which means that John Lewis and Waitrose can receive their stocks in bulk rather than have multiple small deliveries which cost more.
Second, international markets have more potential consumers. In this society, the economy has increased very rapidly around the world. However, along with the high increase speed of economy, most people in different countries are experiencing a more fast-paced lifestyle. For example, Shanghai has grown into a modern and exhilarating metropolis where students will find a distinctly European flavor. People enjoy a higher standard of life quality and readily embrace foreign influences.
Contracts with utility companies can be re-negotiated. There is also depreciation of the equipment and furniture but this is normal depreciation values which are placed on all equipment regardless of performance. The operating income has increased but this is due to the increase in utilities, research, development, and
Because of this boom in technology, in order to get material from one place to another, transportation innovations needed to take place. Thus sprang canals and steamboats to navigate these canals in a timely manner. Roads were created to make travel on horseback or horse-drawn chariots much faster and smoother. Railroads and the train were used to make interstate travel fast and efficient. However, these innovations in transportation did not just affect how fast an American got from point A to point B.
For example, there was improved navigational aids, refinements in shipbuilding, better mapmaking, and new legal arrangements and accounting practices which made shipping easier and cut the costs of seaborne trade. Another major new navigational instrument that helped this enormous revolution was the needle compass. With the new sea-lanes booming with profit and trade, this began to change the entire agriculture around 1000 CE. This also gave birth to the growth of commercial cities. By the late tenth century, many of these new cities were the anchorages of the maritime trade.
Having these two areas under its control meant that the Mediterranean was once again a Roman sea, and the trade that was now available to the empire would greatly increase its revenue. Justinian would further improve his legacy as these two former Roman territories were still very important to the Byzantine Empire. However, the conquests expanded throughout more than just North Africa and Italy. Conquests were throughout parts of Europe, Middle East, and North Africa, as Document 6 shows. The conquest of Africa in 533 by Belisarius also increased the wealth of the empire as the general took back the Vandal treasury, once plundered from
Domestic tourists are ones that travel to places inside their own country. Tourists that travel outside their own country and cross another country’s boarder are considered as international tourists. There are two main reasons for the rapid growth of tourism, these include: increase in leisure time and incomes and technology. The push for the advance of technology has led to travelling being cheaper, quicker and safer. Trade Most goods we buy have a label on them.
Columbus Day is celebrated and should still be celebrated because of its impact on other countries, increased trade, and a greater interest in exploration. Trade benefited from Columbus’ discovery of the New World. After word got back to Europe about new land across the Atlantic Ocean, the Europeans’ interest for trade increased. Europe wanted more goods from Asia and needed more money as they bought it from them. The Europeans developed a system called triangular trade.