Global Convergence and Divergence
21 pages
(5250 words)
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, Research Paper
According to the text, with rapid globalization and the opening up of the world markets, many firms are now operating globally rather than locally, with branches in many different countries.... The phenomenon of globalization is the inter-connectedness among the various nations of the world on the basis of economic ties, and this has produced convergence or unity and integration of different world systems.... According to Thomas Friedman, globalization is the “inexorable integration of markets, nation-states, and technologies…....