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7 Cards in this Set
- Front
- Back
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Three forces that effect globalization |
Shift from developed to emerging economies, global recession/global warming and hyperconnectivity |
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Global remittance |
Money sent home by migrant workers |
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Diaspora |
A mass migration of a group from its home country to multiple destinations |
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Demographic dichotomy |
The workforce of developing countries is young while developed countries workforce is older. |
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Reverse innovation |
Innovation created for or by emerging economy markets and then imported to developed economy markets. |
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Global intergration |
A global strategy that emphasizes consistency of approach. Common culture across global operations |
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Local responsiveness |
Global strategy that emphasizes adapting to the needs of local market and allows subsidiaries to develop unique product structure and systems. |
