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    Ge3 Ass

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    Economic globalization refers to integrating markets globally through free trade, while internationalization is a company's strategy to expand into foreign markets. Countries and companies can benefit from both by gaining access to larger markets and resources. The Philippines could benefit from market integration through globalization by accessing larger international markets for trade, which would support economic growth and cultural exchange. Social media functions in a globalized state by connecting individuals and communities worldwide, transforming how businesses operate and promote themselves globally, and facilitating knowledge and skill transfer to benefit the global economy.

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    Ge3 Ass

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    cathrina guico
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    Economic globalization refers to integrating markets globally through free trade, while internationalization is a company's strategy to expand into foreign markets. Countries and companies can benefit from both by gaining access to larger markets and resources. The Philippines could benefit from market integration through globalization by accessing larger international markets for trade, which would support economic growth and cultural exchange. Social media functions in a globalized state by connecting individuals and communities worldwide, transforming how businesses operate and promote themselves globally, and facilitating knowledge and skill transfer to benefit the global economy.

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    globalization and questions about globalization essay

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    ge3 ass

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    Economic globalization refers to integrating markets globally through free trade, while internationalization is a company's strategy to expand into foreign markets. Countries and companies can benefit from both by gaining access to larger markets and resources. The Philippines could benefit from market integration through globalization by accessing larger international markets for trade, which would support economic growth and cultural exchange. Social media functions in a globalized state by connecting individuals and communities worldwide, transforming how businesses operate and promote themselves globally, and facilitating knowledge and skill transfer to benefit the global economy.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    30 views3 pages

    Ge3 Ass

    Uploaded by

    cathrina guico
    Economic globalization refers to integrating markets globally through free trade, while internationalization is a company's strategy to expand into foreign markets. Countries and companies can benefit from both by gaining access to larger markets and resources. The Philippines could benefit from market integration through globalization by accessing larger international markets for trade, which would support economic growth and cultural exchange. Social media functions in a globalized state by connecting individuals and communities worldwide, transforming how businesses operate and promote themselves globally, and facilitating knowledge and skill transfer to benefit the global economy.

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    of 3

    1.

    Explain the difference between Economic globalization from Internationalization, and does a
    company/state exercise and play the advantage of both?

    In today’s world the 21 st century the term economic globalization and


    internationalization has become the necessary aspect of the business, company and states.
    The terms are connected but also affects the global economy. Economic globalization and
    internationalization have serious implications for companies and states, offering both
    opportunities and challenges. In this essay we want to explain or understand the difference
    between Economic globalization from Internationalization, and does a company/state
    exercise and play the advantage of both.

    Economic globalization refers to the process of integration of market or local markets,


    industries, and economy to a global market. It focuses in which they exchange products and
    services from the interactions from the different markets in the globalization. It also involves
    the free flow capital, information and their products with the use of technology and the
    transportation. On the other hand, the internationalization is the process of increasing the
    enterprise of a certain local company in the international market or it is the strategy of a
    company to expand their market into the international market. Unlike the economic
    globalization internationalization focuses more on how their company or their products will
    expand in the foreign countries. Also, Internationalization is often associated with a more
    managed and planned process of engaging with the global economy.

    Companies and states can benefit from understanding the distinctions between
    economic globalization and internationalization and strategically combining elements of both
    approaches to enhance their influences. The company and states can benefit to economic
    globalization and internationalization by applying the adopting or using the ideas and
    applying them to their business and states. By adopting or applying the economic
    globalization and internationalization the company or the state can benefit like access to
    larger markets, economic growth, access to other resources etc. and also companies and
    states benefit from the economic globalization and internationalization to adapt their goods
    services to a larger market and establish a global presence and to project their culture and
    influence to the global economy.

    In conclusion, economic globalization and internationalization are concept that is


    related to each other. It is necessary aspect and process that a company and state can use
    for their advantages. Companies and states can leverage the benefits of both for faster
    economic growth, get access to wider markets, and gain access to other resources on the
    global stage.

    2. How could a country like the Philippines benefit in the concept of globalization
    specifically in the aspect of market integration?

    Market integration refers to the process of integrating national markets into a single
    global market. It involves the elimination of trade barriers such as tariffs and quotas, as well
    as the harmonization of rules to enable the free movement of products and services across
    borders. This integration is an important component of globalization, and it can provide
    various benefits to a country like the Philippines.

    One of the benefits of the Philippines in the globalization specifically in the aspect of
    market integration is the access of the Philippines to the larger markets and the international
    market. It gives access to the Philippines to expand their market outside the country.it also
    means that the country can expand the products and the services that the country can offer.
    And it can help also to the economic growth of the Philippines. Because the country gains
    access to the wider customers base and diverse source of capital. This helps the Philippines
    to produce more jobs and contribute more to the economy. The Philippines benefits also in
    the cultural exchange, the Philippines is known for its culture like tourism, foods and arts.
    The cultural exchange can help the country to expand their culture to attract, influence and
    promote the identity of the Philippines in the global and international.

    In summary, globalization, with its focus on market integration, presents a world of


    opportunities for the country. By embracing globalization wisely and strategically, the
    Philippines can have the advantages of market integration, including access to larger
    consumer and the culture that the Philippines known for.
    3. How do social media function in a globalized state? Cite specific examples.

    Social media nowadays has become the essential in our daily lives, how people
    connect, share information and also used in doing or businesses. That’s why the
    social media is very important in a globalized state. In today's globalized state, social
    media platforms play a vital role in shaping societies and the economy. And also
    because the social media is faster, farther and cheaper.

    Social media platforms have become virtual bridges that connect individuals and
    communities from diverse corners of the world. The people uses the internet or the
    social media connectivity to exchange ideas and connect people worldwide. It will
    use to also promote the business international and global. Also social media
    platforms have transformed the way the business operate in the global economy like
    how they promote their product or business online and their services. It helps them to
    boost their business across the nation. Users of social media can connect with
    potential employers and employees all across the world, boosting their career options
    beyond their own country's borders. This greater mobility benefits the global
    economy and the globalized state by facilitating the transfer of knowledge and skills.

    In conclusion the use of social media has the vital role in shaping a globalized
    state and to serve as a force for the positive change in the globalized society.

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