Globalization
We stand on the brink of great changes. From an energy crisis to new technology to the war on terrorism, the business world reels from vigorous upheavals and new innovations. Yet what will be the issue that will truly define business for the next twenty-five years?
The growth rate experienced by China after it reduced its trade barriers at 1999 is jaw-dropping. Indeed, in the past year, China¡¦s total exports and imports are 1.47 Trillion USD which is a 312% growth comparing to 2000¡¦s 0.47 Trillion, and China¡¦s GDP grows apace. Yet will the 21s century be all about China, or, in fact, is something deeper at play?
The growth of China is only part of a crucial trend: globalization. Under globalization, developing countries enjoy unprecedented information and resources support the basic building blocks of Comparative Advantages. Today, India, Russia, Eastern Europe, and the Middle-East are developing rapidly thanks to outside help and internal ingenuity. The potential for......
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Approximate Word Count: 451
Approximate Pages: 2 (250 words per double-spaced page)
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