Globalization: Connectedness and Interdependence of Economies

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For those new to globalization, it is a term used to describe the increasing connectedness and interdependence of world cultures and economies.

National Geographic gives us an education on when globalization began, and the benefits and disadvantages of globalization.

Today in Global Small Business: How to Find a Job in China

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What's affecting me, my clients, my colleagues and other global small business owners:

• Five important rules to exporting.
• The rules to global trade have changed.  Are you prepared?
• How to find a job in China.
• What you need to know to expand your business internationally.
• How you can benefit from going global.
• Why Alibaba needs to expand globally to compete and grow.

Ten Reasons Why Going Global Is Advantageous To Your Company

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Technology is shrinking our world into a smaller, easier place to do business and is fundamentally reshaping our lives. Here are ten reasons why going global is advantageous to your company.

1. Increases sales and profits (especially if fixed costs are tied to domestic operations) = bigger chunk of growth gain.

2. Earns a greater return from a set of core competencies.

3. Generates economies of scale in production.

4. Enhances local competitiveness and paves the way to larger, more lucrative customers.

5. Create jobs, productivity growth, and wealth.

6. Enlarges the pie of potential investors.

7. Insulates seasonal domestic (local) sales by finding new foreign markets and selling excess production capacity.

8. Cuts costs through global outsourcing.

9. Reduces dependence on existing markets.

10. Capitalizes on tax advantages.

The knowledge you gain from learning the ropes of international business will make you open to new ideas, new approaches, new marketing techniques, new customers and new confidence to take on the world!

Posted by: Laurel Delaney, The Global Small Business Blog

Globalization, Not Localization

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I argue for globalization, not the simplicity (limitedness) of localization.

What do you think?

Read more here.

Globalization Is Here To Stay

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Globalization is much, much more than international trade and investment. It's about connectedness and global activities.

Quick quote:

Still, the current wave of globalization has many unprecedented characteristics. As Internet access penetrates the most remote corners of the globe, it is transforming the lives of more people, in more places, more cheaply than ever before—and the pace of change is accelerating faster than we can hope to chronicle it.

Read the interesting essay (that includes the above quote) about this notion in Foreign Policy, "Think Again: Globalization."

Benefits to Globalization

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In his weblog for May 7, 2007, Dani Rodrik takes us to task for exaggerating the benefits of globalization in raising US household income and GDP. Professor Rodrik long ago established his reputation as a globalization skeptic; today he is the favorite Harvard economist among the backlash crowd. Eight years ago, Francisco Rodriguez and Rodrik (1999) notched their academic guns against Jeffrey Sachs and Andrew Warner (1995), expressing a skeptical view of the benefits of liberal trade policy to developing countries. As targets of Rodrik's latest outburst of skepticism, we share good company.

To debunk globalization proponents, Rodrik uses ...

read more here.

P.S. Dani has a great sense of humor. The picture of him on his blog states, "This is what the WSJ thinks I look like." When you visit his blog, you'll see the real Dani.