Globalization Case

According to international Monetary Fund, Globalization stresses the growing economic interdependance of countries worldwide through increasing volumen and variety of crossborder transactions in godos and services, free international capital flows, and more rapid and widespread diffusion of technology. Globalization is used to refer to these collective chanfes as a process, or else as the cause of turbulent change.

Harris (2002:5-23) describes Globalization as a series of social, economic, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation.

Also concluded that the main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress. The social effects of globalization are clearly illustrated in Peru. Once a third-world country filled with poverty and oppression, Peru is now transitioning into a developed nation. In Peru, globalization has raised the human development index, empowered women, and created a stronger country.

As Daniels, Radebaugh, and Sullivan (2013:51-66) confirmed that factors that have contributed to the growth of globalization in recent decades are the the increase and application of technology is one of the principal because many of the proverbial "modern marvels" and efficient means of production have come about from fairly recent advances in technology that occurred in many different countries. A reason is the economic growth and the increased demand due to rising productivity means, on average, people produce and can buy more. Further, much new technical innovation takes so much financial and intellectual resources that companies mus cooperate to take on portions of development.

Liberalization of Cross-Border Trade and Resource Movement because goverments have reduced such restrictions for three reasons: their citizens want a greater variety of goods and services at lower prices. Competition spurs domestic producers to become more efficiency and they hope to induce other countries to lower their barriers in turn.

Growing consumer Pressures because not only consumers know more today about products and services available in other countries. Greater affluence has also spurred companies to spend more heavily on research and development and si search worldwide for innovations and products.

As Smart companies don't form or develop the means to implement international strategies organized into physical factors, social factors and competitive factors.

The physical and social factors can effect how companies produce and market products, staff operations, and even