Describe the Global Economy of the 21st Century. What Will It Look Like...

Describe the international sparing of the 21st century. What will it pay heed like? Which countries will be dominant? The global economy of the 21st century is reflecting many oft multinational companies. much(prenominal) cross b put together parcel out and investments is becoming more and more visible. More and more companies, that in the past have not really been looked at as a developing nation, are now developing nations with large economies, and their firms are major players in many global industries from shipbuilding and steel to electronics and chemicals. (Hill, p. 24) Less slopped global economic policies are becoming more broad(a) spread and allowing for more and more cross border trade and investment. Technology such as the internet also allows for much easier multinational economic exchanges. Countries that rise as dominant in the 21st century include those that move toward a grocery orientated economy, which is more favorable for international employment. Hill suggests in the textbook, countries such as Czech-Republic, Poland, and Brazil, among others, are rapidly moving in this direction to emerge as dominant international business players. Although trend have shown the we are moving toward a widespread global economy, countries need to be careful to not have on that it is a certainty.

The argument for globalization is a strong one, further it is not flawless and riskless. Because of globalization multinational companies rely on not only the prosperity of its home country, but it locoweed be affected by any negative case in most other countries as well. For example, a fiscal crisis in Thailand corporation spread quickly to other easterly Asia countries and then, even as far as Russia and Brazil. Globalization in the 21st century will continue to include impertinently developing nations and the most successful nations will be those the can not only take advantage of those advantages of a global economy and avoid the risks involved with globalization through sound hedging techniques. Hill, Charles W. L.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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