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Globalization - Research Paper Example

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(Levin Institute, 2014) These economic activities include trade, which requires investment and the help of technology. Globalization needs…
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Globalization

Download file to see previous pages... Globalization has been present for a great deal of time now with the activities of “trade, immigration, and the exchange of information and ideas.” (Arnett, 2002). Moreover, with the advent of technology, especially in the fields of communication, a great amount of mutuality now exists in terms of financial dependency and economic trade. (Arnett, 2002).
There is a lot of speculation regaridng globalization recently. The growth rate of international trade which was rapid, has diminished in the past few years, especially with global economies going into recessions. (Schuman, 2013). However, globalization is still in the running and growing strong. In the past investments and technology innovations were moving from the Developed countries to the Developing or Less Developed countries. (Schuman, 2013). However, that is a thing of the past now. Emerging markets are taking over the role in innovation and investments worldwide. For instance, “Apple’s chief rival is not a European or even Japanese company, but South Korea’s Samsung”. (Schuman, 2013)
Textiles and Apparel industry can refer to the manufacturing and design of textiles. It includes the production process and the technology or machinery used to produce textiles. There may be various uses of textiles such as industrial and non industrial. Industrial usage means the use of textiles in aiding production, whereas non industrial usage means the use of textiles in daily wear , as apparels or fashion. The three biggest exporters in the textiles industry are all developing countries such as:
Globalization of the textile industry is not something new. It has been going on since several years. In the early ninetheenth century, America was actively trading Indian Cotton in England. Later, it began exporting cotton to China. (Abernathy et al, 2004) However, as the textiles ...Download file to see next pagesRead More
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