about globalization ....?

Question

Hi, i should make a project for my school , i must research about these questions, please help me to make tish project :
1- What are globalization and the global economy?
2- How can a country be competitive in the global market place?
3- How does globalization affect a country’s “balance of payment”?
thanks

Answer 1

Globalisation is the process where countries increasingly interact with other countries. There is more trade, investment, immigration, exchange of cultures etc. The global economy simply describes the all the exchange of factors of production (land, labour, capital, enterprise) between countries, not just within one.

A country can be competitive in a global market place by being able to produce something more productively (i.e.: better quality, and/or more of them per single input) than other countries.

Globalisation affects a country's balance of payments if by having access to new markets and sources of imports the country ends up exporting or importing more than before.

Answer 2

Globalization is two mexicans just coming from Beijing drinking a German beer served by two Polish girls in an Irish Pub in the Greek town in Chicago.

Answer 3

Globalization is a strategy employed by multi-national corporations to drive labor costs down by continually moving manufacturing facilities to those countries where conditions are optimal to maximize profits. There will come a day, however, when true international labor unions will be formed to combat this strategy and equilibrium will be restored. Globalization, greed, and G.O.P. all begin with the same letter...................................................

Answer 4

I would like to help, but I'm struggling too.