MGT 448 Week 1 Individual Assingment
Globalization now days mean so many things. In general, globalization gives rise to a trend in which countries join economically, through education, society and politics. Globalization brings all the people from different countries and regions together, through one basic medium knows as internet. Globalization in other words means the trade between all the countries of the world with no borders.
Traditional international trade theories:
International trade theory provides explanations for the pattern of international trade and the distribution of the gains from trade.
Few models of this theory support the concept of globalization such as