Saturday, March 4, 2017

QUIZ 1 (For Group C)

Tulis soalan dan jawapan kuiz di "comments" seperti berikut Write the quiz's question and answer in the "comments" as follows :

22354 Ahmad (Your name)
Soalan: Apakah globalisasi (Question)
Jawapan: Globalisai adalah proses antarabangsa. (23456 Azman)

Dapatakan 5 comments terhadap entri anda.


346 comments:

  1. 240825 See Heng Nam
    Question: What force drive globalization?
    Answer: 1.Technological change
    2. Widespread liberalization of investment transaction
    3. Development of international financial markets
    4. Multilateral trade negotiations
    -continuing liberalization of trade and investment
    *Answer by (228787 Wang Li Shuang)

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  2. 233043 MUHAMMAD FAIZ BIN ZAINURI

    SOALAN:
    Perdagangan antarabangsa memberikan kesan yang baik kepada negara yang terlibat. Namun begitu, wujudnya konsep perlindungan yang mengehadkan aktiviti perdagangan ini. Jelaskan?

    JAWAPAN:
    Konsep perlindungan antarabangsa ialah langkah kerajaan untuk memberi perlindungan kepada industri tempatan daripada persaingan luar negara supaya industri tempatan dapat berkembang dengan sihat.
    Tujuan perlindungan antarabangsa ialah untuk melindungi industri penting melalui sekatan seperti kuota dan tarif, kawalan pertukaran asing dan pemberian subsidi eksport. Oleh itu, industri tempatan kurang menghadapi persaingan daripada barangan import. Selain itu, ia juga menggalakkan perkembangan industri baru. Perlindungan antarabangsa dapat melindungi industri yang belum mencapai tahap kecekapan. Sebelum menghadapi persaingan daripada barangan import, industri baru berpeluang meningkatkan daya saing melalui bantuan dan kemudahan kerajaan. Di samping itu, perlindungan perdagangan juga akan mengehadkan kemasukan barang perkilangan yang mebolehkan industri perkilangan tempatan berkembang. Oleh itu, negara tidak lagi terpaksa bergantung kepada keluaran uatama yang tidak stabil pendapatannya. Keadaan ini membantu memperkukuh kegiatan ekonomi negara. Perlindungan antarabangsa juga boleh mengatasi imbangan pembayaran negatif dan menjamin peluang pekerjaan.

    Perdagangan antarabangsa sememangnya memberikan kesan yang baik kepada negara tetapi terdapat juga kesan-kesan negatif yang bakal dihadapi seperti imbangan pembayaran negatif, industri-industri tempatan tidak dapat bersaing di dalam pasaran, kepelbagaian ekonomi tempatan dalam negara akan berkurang. Oleh yang demikian, sama ada perdagangan antarabangsa dilindungi atau tidak, kedua-duanya mempunyai kesan positif dan negatif yang tersendiri.

    JAWAPAN OLEH: (233858) NUR ADILAH BT ABDUL RAHIM

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  3. 243091 Lim Siak Ze
    Question: Why is Globalization important?
    Answer : Globalization is the expansion of local economics and business to broder /international marketplace.It is very important in the slope of international economy because it can develop the nation.Globalization will make a country do a trade among the other because its easy through globalization.The country that produce extra goods will export their goods to other country. It will increase their GDP through international trade.
    *Answer by (233043 Faiz)

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  4. (231521 Nur Masyha Binti Rahim)
    Soalan: Kenapa ekonomi kebergantungan berada pada tahap tertentu?
    Jawapan: Ekonomi kebergantungan adalah dikaitkan ekonomi sesebuah negara dengan rakan dagangan. Apabila sesebuah negara semakin maju, kebergantungan ekonomi semakin meningkat di kalangan negara. Kebergantungan ekonomi pada tahap tertentu adalah kerana ia berdasarkan keadaan ekonomi sesebuah itu. Jika sesebuah negara lebih banyak menghasilkan barangan sendiri, maka kebergantungannya terhadap negara lain adalah rendah. Manakala jika sesebuah negara itu kurang ataupun tidak mampu menghasilkan sesebuah barangan maka negara itu terpaksa bergantung kepada negara lain untuk mendapatkan barangan tersebut.
    jawapan oleh:(243285 Muhammad Adib bin Ahmad)

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  5. (233813 Muhammad Syakir Bin Jebat)

    Question: Discuss about the first wave of globalization?

    Answer: The first wave of globalization was sparked by decrease in tariff barriers and new technologies that resulted in declining transportation costs, the main agent that drove the process of globalization was how much muscle, horsepower, wind power, steam power a country had and how creatively it could deploy that power.

    The wave of globalization was largely driven by European and American business and individuals. The export as a share of world income double to 8% and per capita incomes rises by 0.5%. The countries that active participated in globalization such as United States, become the richest countries in the world. First wave of globalization was brought to an end by World War 1.

    (answered by: 231578 Nabila Amrina Binti Ahmad Khasani)

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  6. 237542 Khor Chern Yang
    Question: What is the formula of openness?
    Answer: As a rough measure of the importance of international trade in a nation's economy, we can look at the nation's exports and imports as a percentage of its gross domestic product (GDP). This ratio is known as openness. The formula of openness is the sum of the export and import and divided by gross domestic product (GDP). For example, the United States export 11 percent of its GDP while imports were 16 percent of GDP. The openness of the U.S. economy to trade thus equaled 27 percent.
    *Answer by (245178 Tan Sin Yeng)

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  7. 245178 Tan Sin Yeng
    Question: What factor cause globalization and the benefit of globalization?
    Answer: The factor cause globalization is improve transport making global travel easier.For example, there has been a rapid growth in air-travel,enabling greater movement of people and goods across the globe.Next, improve technology which it make easier to communicate and share information around the world.For instant, technology of internet which is improvement on websites line elance.com,there people come from any country can bid for the right to provide a service.

    There are benefit of globalization which is, firstly, economics. Globalization allows for the exchange of goods and services across the globe.As a result, areas with limited resources has no access to medicine are able to access goods that can substantially improve their population standard of living.Globalization also allows for specialization ,allowing different parts of product.This creates synergies through collaboration,enabling specializatists to focus on business strength. Lastly, benefit of cultural .Along similar lines,has allowed individual across the globe to explore new cultures either via travel or through local exposure to international art, music, theater,religion,TV, movies and countless other cultural outlet and perspectives.
    *Answer by (Nur Liyaya Binti Mohd Rashid)

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  8. 233982 Nur Izzati binti Mohd Yusopp
    Question: What are the advantages of globalization?

    Answer:
    1)law of comparative advantage
    -citizens of each nation can gain benefit
    -countries produce goods and services in which they have comparative advantage.
    2)open economy
    -produces a larger joint output
    -promotes both technological development and innovation
    3)rapid growth in some countries
    -increase demand for commodities
    -increase supply of substitutes
    Answer by: (233591 Mohd Zuhairi bin Daud)



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    Replies
    1. Faktor kejatuhan nilai mata wang ringgit Malaysia
      1:Penurunan harga minyak dunia
      2:Berlakunya masalah inflasi dari segi import dan eksport barang.
      3:Polisi dan urus tadbir kewangan terutama hutang di luar negara..

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    2. great explanation, short and simple.

      Delete
  9. Nice,,,,,good information...thanks for your info,,��

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  11. 236334 Nurzafirah bt Puat

    Soalan: Apakah peranan perdagangan antarabangsa


    Jawapan:-

    1- Meningkatkan tukaran asing. Apabila berlakuya perdagngan antarabangsa maka setiap barangan dan perkhidmatan yang dieksport akan membawa masuk pertukaran asing. Kemasukan ini akan meningkatkan pendapatan negara dan mewujudkan kestabilan ekonomi sesebuah negara.

    2- Meluaskan pasaran. Apabila sesebuah negara memasarkan lebihan keluarannya ke peringkat antarabangsa maka pasarannya akan menjadi luas. Keadaan ini seterusnya meningkatkan keuntungan syarikat tersebut

    3- Perdagangan antarabangsa akan menyebabkan berlakunya pemindahan teknologi. Perdagangan antarabangsa yang mewujudkan hubungan saling bergantungan antara sesebuah negara dengan negara lain akan menyebabkan pemindahan teknologi canggih dari negara maju kepada negara kurang maju. Pemindahan teknologi akan membantu mengurangkan kos pengeluaran sesebuah negara dan seterusnya meningkatkan produktiviti.

    4- meningkatkan guna tenaga. Apabila permintaan terhadap barangan Malaysia meningkat, ini akan mewujudkan peluang pekerjaan. Semakin ramai jumlah pekerja diperlukan untuk meningkatkan hasil keluaran. Apabila permintaan buruh meningkat kadar pengangguran sesebuah negara akan berkurang seterusnya mewujudkan kesejahteraan ekonomi ke arah mencapai guna tenaga penuh.

    240122 Ling Siew Ying

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  12. 243242 Nur Syahirah Bt Yusri
    Soalan : Berikan faktor penyebab kepada Globalisasi ?

    Jawapan :
    Antara faktor berlakunya globalisasi ialah politik,iaitu dengan melakukan hubungan ekonomi dengan negara lain untuk meningkatkan kesejahteraan bersama. Adanya kemajuan teknologi juga,merupakan salah satu penyebab globalisasi berlaku iaitu dapat memudahkan urusniaga eksport dan import sebuah negara dengan negara lain dijalankan.

    232518 Saifulardi Nasution Bin Syamsul

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  13. 234137 AMIRUL HAIZAD BIN REDZWAN

    QUESTION: What is fallacies of international trade?

    ANSWER:
    The first fallacy is zero - sum activity which they think if one trading party gains the other must lose. In fact , both partners gain from trade. As an example, Malaysia are able to supply rubber while Indonesia are able to supply rice. The larger production of rubber makes it possible for Malaysia to use revenues from their rubber sales to purchase Indonesia rice. At the same time Indonesia gaining by doing the opposite, use revenues from rice to purchase rubber. Thus, both country achieved mutual gains.
    The second fallacy is import reduce employment while export promote growth and employment. As an example, if American import the goods of German, German have the purchasing power to buy American’s goods. If German are unable to sell as much as America they will have fewer dollar leads to decrease in import and employment will reduce in US.
    ANSWER BY: NUR AFIFA BT NORHISHAM 233094

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  15. 233858 Nur Adiilah Bt Abdul Rahim

    Soalan : Berikan definisi ekonomi antarabangsa dan pernanan perdagangan antarabangsa ?


    Answer : International economics is a science that is developed after Adam Smith and David Ricardo discovered the absolute and comparative advantage of trade. International economics attempts to explain patterns of trade using models to explain things that we see occuring in the real and imagined worlds of commerce.

    While international trade is really subset of international economics as it focuses dirrectly on the issues of cross-border trade considering such things as the effects of tariffs or embargoes.The advantages of trade for both the sender and reciever and the important facts of trade such as exports and import banks, bill of landing and all the aspects on international economics that make it worse.

    Answer by : Mhadar Ahmed Dirie 228620

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  16. 236433 NOR IZZATI BINTI RUSMIRAN

    QUESTION : Trade is a zero-sum activity. What is the meaning of zero-sum activity and how it was happen?

    ANSWER : The zero-sum activity is if one trading party gains, the other must lose. In fact, just the opposite situation occurs in trade. It means, both partner gain from trade(positive-sum activity). The countries can specialize in certain types of goods that they will export and with those exports they can afford to buy imports that other countries will specialize in. For example, consider the case of trade between Brazil and the United States. These countries are able to produce a larger joint output when Brazilians supplly coffee and Americans supply wheat. The larger production makes it possible for Brazilians supply wheat. The larger production makes it possible for Brazilians to gain by using revenues from their coffee sales to purchase American wheat. At the same time, American gain by doing the opposite by using revenues from their wheat sales to purchase Brazilians coffee. In turn, the larger joint output provides the basis for the mutual gains achieved by both(win-win situation).

    ANSWER BY :NUR IZZATI BINTI MOHD YUSOFF (233982)

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  17. 233877 RAFIDAH BINTI RAMLI

    SOALAN: Apakah kepentingan perdagangan antarabangsa kepada sesebuah negara?

    JAWAPAN: Salah satu kepentingan perdagangan antarabangsa kepada sesebuah negara ialah ia dapat menambahkan pendapatan negara dan hasil kerajaan melalui duti kastam ke atas import dan eksport. Selain itu, perdagangan antarabangsa juga dapat mengurangkan pengangguran kerana pertumbuhan sektor pembuatan dan perkhidmatan dapat mewujudkan banyak peluang pekerjaan dalam sesebuah negara. Perdagangan antarabangsa juga dapat mengatasi masalah kekurangan bahan mentah dan kepakaran. Negara kita mengimport bahan mentah dan kepakaran dari negara lain untuk mengatasi masalah kekurangan bahan mentah dan kepakaran.

    243091 Lim Siak Ze

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  18. 243285 MUHAMMAD ADIB BIN AHMAD

    SOALAN: Kenapa Globalisasi sangat penting pada zaman sekarang?

    JAWAPAN: Globalisasi adalah penting kerana dapat meningkatkan saling keperkaitan di antara berbagai belahan dunia melalui proses ekonomi, politik dan budaya. Selain itu, globalisasi dapat mempercepatkan penyebaran informasi dan memudahkan setiap masyarakat untuk memenuhi keperluan hidup. Dari sudut kebudayaan globalisasi dapat memperluaskan wawasan budaya meningkatkan kemampuan bahasa, meningkatkan produktiviti pekerja serta dapat meningkatkan pengetahuan. Dari segi ekonomi pula, globalisasi mampu meningkatkan kemampuan persaingan dan meningkatkan kualiti produk yang mampu menjana kepada peningkatan pendapatan perkapita masyarakat.

    232260 NURZULAIKITA ABDUL RAHMAN

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  19. 228620 Khadar Ahmed Dirie

    Soalan/question:
    what is the impact of globalization on international economics?

    Answer:

    the impact on globalization on international economics is that it makes rapid growth in some countries for example increases demand for commodities and increases supply of substitute and also increases competition from abroad.

    231669 Nur Amirul Aswaad bin MOhd Zaidi

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  20. 233467 HUMAIRA BINTI SUHAIMI

    Q : What is meant by international competitiveness? how does this concept apply to a firm , an industry and a nation?

    A : international competitiveness is a measure of the relative cost of goods and services from a country. countries which can produce the same quality of goods with a lower cost are more competitive. competitive in context of firm, when the firm able to produce product that is cheaper than other. aspect of industry,competitiveness not only measure in cost factor but somehow measured by the efficiency of production in goods or services. however, in order to achieve competitive in nation aspect, they need to keep aggresively selling their production to other country. as example, china is one of the most world trader. if they offered of low wages in a company it will give impact to company production. thus, the reduction cost happened is called as a comparative advantages to the China towards to other nation.

    answer by : 233813 MUHAMMAD SYAKIR BIN JEBAT

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    Replies
    1. such a great question and good explanation by these two students . keep it up ! 👍👍

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    2. Nice question...and tq for the new knowledge

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    3. Komen : soalan yg cantik seperti orgnya. Pun boleh kot. Yg mudah jgn susahkan ��

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    4. Good and clear explanation👍👍

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    5. So, is it good or bad being competitive?
      Nice to know all these facts btw.

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  21. 238558 Adib Muzhafar Bin Mohamad
    Q : Explain latest wave of globalization

    A : Latest wave of globalization in 1980 which a large number of developing countries such as China,India and Brazil broke into the world market for manufacturer.Other developing countries became increasingly marginalized in the world economy and realized decreasing income and increasing poverty.International capital movement become significant.
    Some developing countries succeed in harnessing their labor.Abundance to provide them with a competitive advantage in labor-intensive manufacturing.Many developing countries liberalized barriers to foreign investment.Developed countries export of manufactured goods to developing countries due to tariff cut.
    Increase in foreign outsourcing which certain aspect of a product manufacture are performed in more than one country.Manufacturing increasingly moved to wherever cost were lowest.
    By 2000s ,work is connected through digitalization,the internet and high speed data network around the world.Companies can send office work anywhere.Foreign outsourcing can allow companies to reduce cost of given services by 30% to 50%.

    236334 NURZAFIRAH Binti PUAT

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  22. 231669 Nur Amirul Aswaad bin Mohd Zaidi

    Q: What is globalization?

    A: Globalization is the process of the greater interdependence among countries and their citizens. It is consists of the increased interaction of product and resource markets across nations via trade, immigration and foreign investment. It also includes non-economic element such as culture and the environment. Globalization is political, technological and cultural as well as economic.

    236433 Nor Izzati Binti Rusmiran

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  23. 234253 MOHD NAZRIN BIN MOHAMAD YUNAN

    Q :What is the common fallacies of International Trade and explain.

    A :The common fallacies of International Trade is zero-sum activity. This perception occurs when they believe that internatinal trade will make their country lose when the other side will win. However, the fact that doing trading with others country will make advantage for both country.

    Second fallacies for international trade is imports will reduce employment and act as a drag on the economy, while exports promote growth and employment. The notion that imports are bad but exports are good.This perception are incorrect because this fallacy stems from a failure to consider the link between imports and exports.

    245022 SITI NURFATIAH BINTI ROSSTAM

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  24. 231759 Nasirah Binti Anuar Rosidi

    Q: Why globalization is important?

    A: Globalization is important because it provides the world with more efficient market, increase competition leading to better goods and generate wealth in all parts of the world. It also increase opportunity for companies to expend their operations in foreign markets, openess between governments and industry leaders contributes to share knowledge and resources.

    231598 Mohd Hanif Bin Rohaizad

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  25. 240122 LING SIEW YING
    Q: Discuss the importance of globalization
    A: Globalization is the expansion of local economies and businesses into a broader, international market place. The importance of globalization is they have comparative advantage which state that countries that are good at producing a particular good are better off exporting it to countries that are less efficient at producing that good. So, the citizens of each nation can gain by spending more of their time and resources doing those things in which they have a relative advantage, which is they can produce a good at a lower opportunity cost.
    Also, globalization results in gains from the competitive process that helps keep domestic producers in the market and provides them with a strong incentives to improve the quality of the products to make stay in market and expand their business. Globalization also usually weakens monopolies. As countries open their markets, their monopoly producers will face the competition from foreign firms.

    233733 NUR FARAH NABILAH BINTI YUSOFF

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  26. (233307) WAN FARAH IZYANDIYANA BINTI WAN ROSDI

    Q: What are the forces that drives the globalization?

    A: The forces that drive the globalization are technological. Technological innovation have lead to an explosion in productivity. Next, multilateral trade negotiations. Continuing liberalization of trade and investment has resulted from multilateral trade negotiations. Furthermore, widespread liberalization of investment transaction. Lower trade and financial liberalization have allowed more companies to globalize production structure. Development of international financial markets are also the forces that drive the globalization.

    (238558) ADIB MUZHAFAR BIN MOHAMAD

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  27. (231742) FARAH WAHIDAH BINTI MD ISA

    Q: Explain about globalization of economic activity?

    A: Globalization is the process of greater interdependence among countries and their citizens. It consist of increased interaction of product and resource market across nation via trade, immigration, and foreign investment that is via international flows of goods and services, of people and of investment in equipment factories, stock, and bonds. It also includes non-economic elements such as culture and the environment. Simply put, globalization is political, technological, and cultural, as well as economic.

    (237542) KHOR CHERN YANG

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  29. (233591) MOHD ZUHAIRI BIN DAUD

    Q: Discuss of common Fallacies of international trade?

    A: Fallacies of international trade is known as "trade is a zero sum activity" where both partners gain from trade. Activity of common fallacies of international is import and export which import reduce employment and act as a drag on the economy, while exports promote growth and employment.
    Failure can be happen between export and import.

    (233212) NUR AFZA SYAHIDA

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  30. (232260) NURZULAIKHA BINTI ABDUL RAHMAN

    Q: Describe the common fallacies of international trade?

    A: First is trade is zero-sum where can bring benefits to both partners. Second, imports bad and export good, if you buy nothing from other countries, they have no income to buy from you. Third, tariff and quotas save jobs-cutting imports makes it harder to export, so other jobs are lost.

    (233802) SHAHRUL BAKERY

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  34. How to develop economy?
    (233733) Nur Farah Nabilah binti Yusoff

    If we want to develop economy, firstly we have to develop the human resource or human capital when people get health and knowledge. The second thing that can economy develop is “should government country’s infrastructure, facilities and factories telecommunication”. These matters can improve seeking of jobs.
    (229976) Zakarie Osman Ahmed

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  37. nor asyikin bt abd rahman 238013 group a
    Question: identify the major fallacies of international trade? Explain the fallacies you think that is most important?
    Answer:
    Trade is zero-sum activity.
    One side or one trading party gains and the other must lose. But in fact, the opposite occurs which is both partners gain from trade, Example Malaysia and China. Malaysia have ablility to produces electric and electronic (E&E) products. Malaysia will exports E&E products to China. China supply machinery products to Malaysia.
    -question from Kong Hou Jack 245289.

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  38. 233094, Nur Afifa bt Norhisham

    Soalan: "Failure to recognize that a reduction in imports does not occur in isolation". What are the meaning of the sentence?

    Jawapan: This mean that people think reduction in imports doesnt have any problem, however still can increase expor. Actually this kind of thinking are the fallacy in international trade. (240825, See Heng Nam)

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  39. (s228787)Wang lishuang

    Q: what about first wave of globalization and second wave of globalization?technological ?

    A: The first wave of globalization was brought by the technological change which change the way how do people travel from one place to another ,the shift from sail to steam ships if faster for a merchant to travel thus this increase exports and impact throughout the world ,the countries that actively in globalization secon the richest in the world .
    The second wave derives from the horror of live what happen in Germany (The nazis)and Japan ,the transportation cost also decrease and the trade barriers become lower

    (243309) GreGory Jeffery

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  41. 246305 NUR ILI FARZANA BINTI NOR AFANDI
    QUESTION : WHY IS GLOBALIZATION IMPROTANT?
    ANSWER :

    Globalization is important because there is improvement in competitive process. international competition helps the domestic producers to expand their market and provides them with the strong incentive to improve the quality of their products. According the law of comparative advantage, citizens in each country can gain by spend more at their time and resources doing these thing in which they have a relative advantage. Economic growth of the country will increase s the one of the benefit of globalization. Economic growth rate is relate to openness to trade. if one of the countries is open their economies to international trade tend to benefit from new technologies and other.

    241548 MUHAMMAD SYAFIQ BIN HERMAN

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  43. (245544) IZZATI NADHIRA BT MOHD SAKRI
    Question: What is mean openness? And also explain how to calculate the openness.
    Answer: As a rough measure of importance of international trade in a nation's economy, refer to the nation's exports and imports as a percentage of its gross domestic product (GDP). This ratio is known as openness. The formula of openness is the sum of exports and imports divided by gross domestic product for a nation. For instance, Malaysia exported 13 percent of its GDP, while imports were 16 percent of GDP. Thus, the openness of the Malaysia economy to trade equaled 29 percent.
    QUESTION BY:(238952) MUHAMMAD MURSYID BIN RAZALI

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  44. (239247) Anwar bin Zainol
    Q: What forces are driving globalization ?
    A: A forces that driving globalization is technological change . Since the industrial revolution of the1700s , technical innovations have led to an explosion in productivity and slashed transportation costs . Next, Continuing liberalization of trade and investment has resulted from multilateral negotiations. Besides that , lower trade barriers and financial liberalization have allowed more and more companies to globalize production structures through investment abroad.
    (245006) Norshila binti Jamil

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  46. NUR LIYANA BT MOHD RASHID 233750 (GROUP C)

    QUESTION: Give two disadvantages of globalization?

    ANSWER by MUHAMMAD NUR ARIF BIN MOHD MOHAMAD SAI'DIN 231531
    1. Local workers fear getting laid off especially at those firms operating in import-competing industries.
    2. Workers face demands for wage concession from their employers which often threaten to export jobs abroad if wage concession are not accepted.

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  48. 234331 muhammad amri firdaus bin jusoh
    Soalan : apakah peranan perdagangan antarabangsa kepada negara membangun seperti malaysia?
    Jawapan :
    1. Pendapatan dan pertumbuhan ekonomi meningkat
    • Perdagangan antarabangsa boleh menjana pendapatan tinggi dan boleh meningkatkan taraf hidup penduduk. Peningkatan dalam sektor eksport dapat menjana pendapatan.
    2. Perkongsian pengetahuan dan teknologi
    • Melalui perdagangan antarabangsa, negara dapat bertukar-tukar pendapat, pengetahuan dan teknologi yang baru. Seperti negara-negara yang berpendapatan tinggi dapat membantu atau memberi peluang kepada negara-negara yang sedang membangun.
    3. Hubungan diplomatik
    • Hubungan diplomatik atau rakan niaga dapat dijalinkan antara negara-negara seperti contoh negara ASEAN,EU dan lain-lain negara melalui pertukaran budaya, hubungan ekonomi dan pameran perdagangan. Melalui hubungan diplomatik ini dapat mengurangkan tariff, sekatan antara 2 pihak melalui perjanjian yang mana dapat menguntungkan 2 pihak.( 243242 nur syahirah binti yusri)

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  49. 231531 MUHAMMAD NUR ARIF BIN MOHD MOHAMAD SAI’DIN

    Soalan : List the important of Globalization.

    Jawapan : Globalization is important because it help firms and nation to specialize in the production of things that they do well and use the earnings from these activities to purchase from others those items for which they are high-cost producers. Globalization also important in terms of economy linkedto trade partners. Trading partners can produce a largest joint output and achieve a higher standard of living than would otherwise be possible. The citizen also get benefits from globalization that was they can spending more of their time and resources doing things that they have a relative advantage. With trading partners, they are able to produce a largest joint output with provides the sources of mutual benefits gain. Globalization important in terms of create more innovation and efficient production. Its can help keep domestic producers in terms of improve their innovation and quality of their products. When we have globalization, that nation may have thier own competition in terms of competition in United States (US) and Canada. Its actually helps in terms of prices have decreased for many products like clothing but some prices have increased for many products untouched by globalization such as hospital services.
    (231521 NUR MASYHA BT RAHIM)

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