Kristina Infante
Professor Black
Globalization Paper: The Impact of Globalization in Portugal
October 19, 2015
Introduction Globalization is the process of social, political, economic, cultural, and technological integration among countries around the world. The world is currently experiencing globalization like never before because people around the globe are more connected to each other than ever before. Goods and services produced in one part of the world are increasingly available in all parts of the world, information and money flow more quickly than ever, international communication has become a common ground and international travel is more frequent. Globalization allows free trade, which promotes global economic growth and creates jobs, makes companies more competitive and lowers prices for …show more content…
It seems clear that globalization in recent years has contributed to the economic prosperity of Portugal.
Recommendations
Recommendations for Portugal are to minimize the negative effects of globalization in the Portuguese economy, have education at a higher standard, gain competitiveness by following up with future plans, create more jobs with reasonable pay and have possible greater monitoring of financial institutions to prevent unexpected issues and to solve any economic problems. Also when doing business in Portugal it’s important to know their norm of culture and attitudes so your business does not suffer. It is also important to know current news within their country such as their demoralizing of drugs because if you don’t feel the same as they do on certain matters it might not be good to get into business with
Professor Black
Globalization Paper: The Impact of Globalization in Portugal
October 19, 2015
Introduction Globalization is the process of social, political, economic, cultural, and technological integration among countries around the world. The world is currently experiencing globalization like never before because people around the globe are more connected to each other than ever before. Goods and services produced in one part of the world are increasingly available in all parts of the world, information and money flow more quickly than ever, international communication has become a common ground and international travel is more frequent. Globalization allows free trade, which promotes global economic growth and creates jobs, makes companies more competitive and lowers prices for …show more content…
It seems clear that globalization in recent years has contributed to the economic prosperity of Portugal.
Recommendations
Recommendations for Portugal are to minimize the negative effects of globalization in the Portuguese economy, have education at a higher standard, gain competitiveness by following up with future plans, create more jobs with reasonable pay and have possible greater monitoring of financial institutions to prevent unexpected issues and to solve any economic problems. Also when doing business in Portugal it’s important to know their norm of culture and attitudes so your business does not suffer. It is also important to know current news within their country such as their demoralizing of drugs because if you don’t feel the same as they do on certain matters it might not be good to get into business with