Topic > Globalization and international finance, questions and...

Q1. History of your topic (e.g. product, country(ies), item, etc.)? Explain your choice of topic in detail. Globalization refers to the movement towards a world in which barriers to cross-border trade and investment are decreasing; distance is shrinking due to new advances in transportation and telecommunications technology, material culture is starting to look alike all over the world; national economies are merging into an interdependent and integrated global economic system (Hill). The word itself. “globalize,” appearing in the 1960s, means “to make global in scope or application.” It can be traced back to the Silk Road, a route between China and the Mediterranean Sea, which promoted the exchange of ideas and knowledge, along with the trade of goods and foods such as silk, spices, porcelain and other treasures from the East. Even as Europeans began to create colonies abroad, globalization developed. Globalization can also be traced back to Africans being brought to other parts of the world. For example, bringing the Christian religion to the places visited and spreading Christianity from Europe to Latin America. An example of a gobalizatoin is a car designed in Germany, assembled in Mexico, with components made in the United States and Japan, and made with Korean steel and Malaysian rubber.Q2. How is your topic related to international finance? International finance has two fundamental parts: integration and technical change. These fundamental forces have shaped the evolution of international finance for centuries. “The global integration of money and capital markets is an important part of international finance; through such channels purchasing power over real resources is now transferred from areas of the world where the expected rates of r...... middle of paper ......r topic are better or have a greater impact? If yes, what would you change? or how would you have a positive impact on it? 10. What did you learn? How can you apply what you've learned in your current job or future career? With the rapidly changing world era of Internet and technology, globalization is evident. We can contribute to globalization by investing more in research, technology, education, capital and innovation. The more innovation and research is done, the more new products can be made at lower costs and with higher product quality. Globalization allows for more creativity and diversity. Due to the effects of globalization, all companies try to acquire a very diverse human talent pool, because diversity helps globalization. To be able to compete in the international global market, there should be diversity in companies, be it employees, ideas or creations.