The Reasons Behind Globalization

The video explains globalization as the integration and interdependence of national economies, highlighting the benefits of specialization and trade. It discusses the role of multinational companies like Apple in leveraging global expertise for production. The video also covers factors facilitating globalization, such as free-trade areas, the World Trade Organization, and advancements in communication and transport. It concludes with the impact of labor and capital mobility and technological advancements on global business operations.

What are some examples of how countries can adapt a comparative advantage?

What is the significance of free-trade areas in promoting globalization?

In what ways do communication and transport contribute to the interdependence of nations?

How does the mobility of labor and capital enhance globalization?