Why Are Firms from Developed Markets Increasingly Expanding into Developing

question 20

Essay

Why are firms from developed markets increasingly expanding into developing markets? What role has the Internet played in these globalization efforts?

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Definitions:

Pink-Collar Workers

Employees working in job sectors traditionally considered to be dominated by women, such as nursing, teaching, and clerical work.

Economic "Booms"

Periods of significant growth and expansion in economic activity characterized by increased production, employment, and often inflation.

Economic "Busts"

Periods characterized by economic decline, where there is a significant reduction in economic activity across an economy.

Union Density

The number of union members in a given location and time as a percentage of nonfarm workers. It measures the organizational power of unions.