Introduction Globalization is not a new phenomenon, but rather a concept that has started to follow the human population due to colonialism, international trade, and economic liberalism. The global economy is characterized by the increase in the exchange of goods and services, which ultimately leads to the diffusion of economic...
A fixed exchange rate ties the country’s official currency exchange rate to another country’s currency, a basket of other currencies, or another measure of value, such as the price of gold. Under the fixed exchange rate, the government “aims to stabilize the exchange rate of the domestic currency by directly...
Introduction The smartphone industry is one of the most rapidly developing fields, and this fact inevitably leads to the emergence of conflicts between prominent companies. Hence, the case of Samsung and Apple negotiating about the legitimacy of their actions is no exception to the rule. The mentioned enterprises were actively...
Introduction In search of profit maximization and expenditure cuts, many multinational corporations outsource their operations to third-world countries. This outsourcing contributes to global stratification significantly because companies exploit the unfavorable working conditions and low salaries in other states for the benefit of their own. This paper will analyze the issue...
Globalization is the transition from the economies of separate countries to the economy of international scale. The tendency in the era of globalization can be traced through particular characteristics that describe the current state of the economy in the world. All countries are situated on different levels of economic development,...
Introduction Globalization widely implies the interaction and connectivity of countries. In another context, globalization refers to the integration process, particularly for nations, usually at a higher quality level than historical stages of social development. There are numerous ways in which globalization impacts the economy, notably through economic policy changes. Although...
OPEC and Global Energy The economy of the modern world stands on a foundation consisting of oil, gasoline, and hydrocarbons. The black liquid substance flowing from the Earth’s bowels is the most valuable fuel, on the price fluctuations of which states make money. At the same time, it is evident...
The modern world can be viewed as an extremely globalized one because of the evolution of different means of transport and the development of technologies that provide multiple opportunities for improved cooperation. The given factor becomes the major determinants of the majority of processes that are important for the evolution...
Introduction Globalization has caused drastic environmental, political, social, economic, and cultural changes, which are attributed to various human activities. The political, social, and economic structures of the modern society have led to various implications that have resulted in incompatibilities that created conflicts. Consequently, the conflicts tend to create environments that...
Introduction The challenges of global sustainability are many and difficult to solve due to the geographical location of various parts of the world, policies, cultures, and other related aspects. However, globalization has enabled the unprecedented connection of distant places making the world one global village. The increasing global interconnectedness has...
Introduction In the recent past, the world has experienced a steady expansion of financial flows via the now porous national borders due to globalization. Financial institutions that incorporate investors and banks into their business have increased the geographical boundaries of their business activities. This way, they operate as mediators who...
The world is changing rapidly; the population is growing with each passing second and to ensure the safety of the people the government has to take suitable measures. Traffic rules have to be followed no matter what the same ensuring the safety of the other people. There are various ways...