American Companies and Globalization, Essay Example

Introduction

Economic globalization is the shooting of economic inter-reliance of state economies around the world through a prompt increase in the movement of service, capital, goods and technology within cross-border. It can also be defined as the processing of economic integrations among the nations or countries, which comes as a result of the emergence of a united market known as the global marketplace. Economic globalization on the other hand consists of the globalization of competition, industries, production, corporations, markets and technology. Therefore globalization can be both viewed in a positive and negative experience.

How American Corporations Are Working With Other International Companies to Help Boost Our Economy

A united attribute of the U.S. economy is the freedom of economic offered to the private sector by giving them authority to make major decisions of economic in formulating the scale and direction of what the U.S. economy produces. This is improved by moderately low levels of instructions and the involvement of the government as well as a system of the court that is concerned with the general protection of property rights and enforcement of contracts. United States has encouraged invention and science due to its emergence as an independent state.

The United States is rich in fertile farm soil, moderate climate and mineral resources. At the Gulf of Mexico, Atlantic Ocean and the Pacific Ocean it has extensive coastlines. In the United States, rivers flow far within and the Great Lakes, with Canada providing the additional shipping access. These widespread waterways have facilitated the economic growth in United States over a number of years and have assisted merging the fifty states in a single economic unit. The U.S. has faced uniform growth in the labor force, a situation that can be considered both the effect and cause of approximately stable economic expansion. Therefore the United States economy is determined by the number and productivity of the workers.

The mobility of labor has also been advantage to the capability of the United State economy to adjust to changing conditions. In the United States, a number of the employees shifted inland, mostly to farmland waiting to be tilled, immediately the labor markets on the East Coast were flooded by the immigrants. Similarly the black Americans were attracted by the economic opportunities in Northern cities. The corporation in United States has come together as an owners’ association called stockholders, who comes up with a business venture governed by complicated set of customs and rules. The General Electrics brought on by the mass production process, have been in a front line in shaping the U.S. The investors and banks from America through the stock market have grown their economy withdrawing and investing capital from the corporations that are profitable. Today the corporations and investors, in this era of globalization have authority worldwide. In the American economy, the government is also included among the major investors. The government investments such as the Hoover Dam have been injected towards the financial industry.

While producers and consumers decide on the economy, government has an authoritative consequence on the economy of the United State. Recently the Chief Executive Officer of Generic Electric subjected the U.S. to improve its manufacturing base employment to 30% of the workforce due to the outsourced country in different areas and therefore they can not depend on the consumer spending as well as the financial sector. While tourism is influenced by a number of factors, these factors actually influence the economy accruing to the United States. In order to ensure that a country gets the optimal income from tourism, it is important for the specific tourist destination to know the relationship that exists between and among the various factors in the industry.

Given that tourists come from diverse places, the mode being informed or getting knowledge of a particular tourist attraction is unlikely to be the same; or at least the mode is related to the place of origin of the tourist. This is notwithstanding the differentials in development from place to place (implying that the same mode of advertisement is least likely to be formality for all the places of origin).  Since promoting a tourist destination to interested tourists will lead to a number of questions, an evaluation of the underpinning factors will help in carrying out the exercise beneficially. For instance, what mode of advertisement should the tourist destination use for UK originating tourists? What kind of recreation facilities do we put in place to attract them? Do they bother about recreational facilities at all? Is there relationship between the number of adult tourists and their total spending? So should we or should we not advertise for package tourism? These are among the key questions that if answered they may boost the process of decision making. Therefore tourism industry from the neighboring continents helps much in boosting the American economy.

Conclusion

The concept of a global marketplace is nowadays not a leaning of the future expectations. It is no longer that company such as Sony, Coca-cola and Ford are the only enterprises. Nowadays corporate that function with a small number of employees and an internet existence can participate proficiently on the global matters in United States. The change to the U.S. dollar currency affects the degree of the companies that supports the U.S. economy.

Reference

Joshi, R. (2009). International Business. Oxford University Press, New Delhi and New York.