Chapter 18: Global Mind-Set

Schon Beechler & Orly Levy & Nakiye A. Boyacigiller & Sully Taylor

Global mind-set The topic of globalization has been around in varying forms since the beginning of the industrial revolution in the 18th century. However, globalization has accelerated over the last 2 decades and what we are witnessing today is not just a continuation of a centuries-old trend. The erosion of barriers for cross-border flow of people, goods, services, and capital supported by instant global communication and rapid flows of information has created a new economic reality that is integrating markets around the world. This emerging global network has fundamentally transformed how the economies of nations around the world operate. Although its reach and benefits are not universal, globalization is now the major driver of world economic growth and prosperity. No country is immune from its consequences, and no company that wants to operate across borders can afford to ignore its impact. Globalization opens new growth and profit opportunities for established ...

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