Understanding the Process of Globalization and Market Economy
Explore the process of globalization, market economy, and socialist economy. Learn how national economies are interlinked and the differences between state-owned and privately-owned businesses. Gain insights into the spread of market-based systems and their impact on business ownership.
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JUNE 15, 2021 18H Meeting with Company A JULY 11, 2021 - 11H Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A AUGUST 8, 2021 - 16H // FEBRUARY 2021 Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A APRIL 15, 2021 - 15H Meeting with Company A Meeting with Company A LIBYAN INTERNATIONAL Medical UNIVERSITY FACULTY OF BUSINESS ADMINISTRATION GLOBALIZATION JUNE 15, 2021 - 18H 21st, Apr, 2021 Aisha Elshaare 2869 aisha_2869@limu.edu.ly Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A MARCH 22, 2021 - 15H
TABLE OF CONTENTS 01 02 INTRODUCTION PROCESS OF GLOBALIZATION Define: -Globalization. -Market Economy. -Socialist Economy. -Market Based Systems. -Barriers. -Communication Cost. 03 04 CONCLUSION REFERENCE 2
Meeting with Company A MARCH 22, 2021 - 15H 01 JUNE 15, 2021 - 18H Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A JUNE 15, 2021 - 15H JUNE 25, 2021 - 12H Meeting with Company A JULY 11, 2021 - 11H INTRODUCTION Meeting with Company A Meeting with Company A AUGUST 8, 2021 - 16H Meeting with Company A APRIL 15, 2021 - 15H Meeting with Company A 3
GLOBALIZATION: MARKET ECONOMY: SOCIALIST ECONOMY: An economy in which businesses are owned by the state and prices are set by state planners. An economy in which businesses are privately owned and prices are set by the interaction of supply and demand. The process whereby national economies and business systems are becoming deeply interlinked with each other. 4
JUNE 15, 2021 - 18H 02 Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A JUNE 15, 2021 - 15H JUNE 25, 2021 - 12H Meeting with Company A MARCH 22, 2021 - 15H PROCESS OF GLOBALIZATION Meeting with Company A JULY 11, 2021 - 11H Meeting with Company A Meeting with Company A AUGUST 8, 2021 - 16H Meeting with Company A APRIL 15, 2021 - 15H Meeting with Company A 5
The spread of market based systems: In a market based economy, most businesses are privately owned. Socialist economies, mostly owned by the state. 6
Falling barriers to trade and investment: International trade: the sale of a good or service across borders. foreign direct investment: investments by a company based in one nation in business activities in another nation. Tariffs: a tax on imports. Quotas: a limit on the number of utems of a good that can be imported from a foreign nation Regional trade agreements: agreements to remove barriers to trade between nations within a geographic region. 7
Tumbling communication and transportation cost: technology has made globalization a tangible reality. The cost of global communication is plummeting. 8
03 CONCLUSION: In this global world, managers will take advantage of chances to expand their business to foreign nations. 9
04 REFERENCE: Hill, C., W.L, & Mcshane, S., L. (n.d.). Principles of management. In Principles of Management (pp. 56-58). 10
QUESTION.. In a market based economy, most businesses are .. owned.
Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A JUNE 15, 2021 - 15H // THIS IS THE NAME OF THE PROJECT Meeting with Company A MARCH 22, 2021 - 15H Meeting with Company A THANKS! DO YOU HAVE ANY QUESTIONS? JUNE 25, 2021 - 12H JUNE 15, 2021 - 18H Meeting with Company A JULY 11, 2021 - 11H Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A AUGUST 8, 2021 - 16H Meeting with Company A JUNE 15, 2021 - 15H Meeting with Company A
