Question

What describes the phrase ''semiglobalization''

Answer 1

Answer:

A phrase used by Ghemawat to refer to businesses' location-specificity and insufficient cross-border integration.

Explanation:

Semi-globalization refers to a spectrum of circumstances in which trade obstacles and connections between international marketplaces cannot be disregarded.

Let's begin by discussing some recent data on a cross-border flow that has seen notably big drop-offs:

In foreign direct investment, to illustrate the notion that semi-globalization is indeed a stable frame of reference against which rational responses to recent variations can be developed.

For instance:

• France will be more impacted than the United States if Spain has troubles.
• In a fully international society, this would not be the case.
• Spain is not unrelated to the United States, but according to projections, the majority of the immediate repercussions will be felt locally.
• Other nastier things can surface when anxiety levels grow.

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