What is the difference between the globalization of markets

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1.Give a brief definition of globalization. What is the difference between the globalization of markets and the globalization of production? Include an example of each. What are the 2 main drivers of globalization

2. The text talked a lot about collectivism and individualism. What do each mean and how does it relate to whether a country leans more to democracy or totalitarianism? Does your case study (Germany) stress the well being of the collective or individualism? Explain.

3. Explain what we mean by innovation and entrepreneurship. Why is a market economy more likely to promote both than a totalitarian economy? What is the implication of this fact for economic development? What is the implication of this fact for managers?

4.List and explain at least 3 determinants of a country's culture.

5.When we talk about sustainable business practices, what are we talking about?

Reference no: EM13455579

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