Influence often work as day laborers, harvesting bananas or

InfluenceOfGlobalizationAssignment (1)ADMN 296 International Business    Name:                                                                   Simranjit KaurStudentNo.:                                                                    (194978)Section:                                                                                  C02 INDEX CONTENTS:                                                                    1.    Introduction…………………………………………………·       Geography……………………………………………….·       Culture……………………………………………………·       GovernmentSystem………………………………………·       Economy…………………………………………………·       Businesspartners…………………………………………·       Growth……………………………………………………

2. Positive and Negative Effects………………………………

Best services for writing your paper according to Trustpilot

Premium Partner
From $18.00 per page
4,8 / 5
4,80
Writers Experience
4,80
Delivery
4,90
Support
4,70
Price
Recommended Service
From $13.90 per page
4,6 / 5
4,70
Writers Experience
4,70
Delivery
4,60
Support
4,60
Price
From $20.00 per page
4,5 / 5
4,80
Writers Experience
4,50
Delivery
4,40
Support
4,10
Price
* All Partners were chosen among 50+ writing services by our Customer Satisfaction Team

…3.

Business opportunity…………………………………………

..4. References……………………………………………………       Introduction:Ecuador is one of thesmallest country in South America.

Ecuador owns more variety than most countries in the world.Ecuador has islands, rainforests, deserts, snowcapped mountains, and valleys withinits small territory. Ecuador is also home to several protected environmentalareas. Geography: Ecuador is bounded on thenorth by Colombia, on the east and south by Peru, and on the west by PacificOcean and its area is 283,560 km². Ecuador has four topographical regions: the coastal lowland,the Andes highland, the eastern lowland and the Galápagos. Population of Ecuador is 16,080,778. Approximately 63.7 percent of thepopulation lives in urban areas and near half of the population lived on thecoastal plains, and almost as many lived on the plateaus and in the valleys ofthe Andes.

About 600,000 people lived in the tropical rainforest to the east ofthe mountains. Almost 27,000 Ecuadorians live in the Galapagos Island. The climate of Ecuadordepends largely on elevation. The lowlands are hot and humid, with averagetemperatures of 23 to 26 degrees Celsius and Andes are cool, with temperaturesranging between 13 and 18 degrees Celsius. The Galápagos Islands experience the greatest climaticvariation, with temperatures ranging from 22 to 32 degrees Celsius.Culture: Pre-Columbian Ecuadorwas home to many tribes and cultures, including the Valdivia, Machalilla,Chorerra, Narrio, Tiaone, Jama-Coaque, La tolita, Bahia, and Guangala. Many types of objects madeby these peoples, including female figurines and ceramics, tools of stone andquartz, and obsidian spears, survive today. People often work as daylaborers, harvesting bananas or cacao.

Mestizos in the Andes often own theirland. Other work for hire as laborers, servants and shopkeepers. As the soilwear out, they migrate. The black population lives mostly on the northern coastalplain, fishing for a livelihood.                                                                                                                                          Government System: Ecuador is a republic with universal suffrage at ageeighteen. Voting is compulsory for literate citizens between the ages ofeighteen and sixty-five. For others, voting is optional.

The president is chiefof state and head of government and is directly elected by popular vote alongwith the vice president.Legalsystem under civil law based on the Chilean civil code with modifications;traditional law in indigenous communities.Economy: More than half of the export income is coming from oilaccounts and it makes the economy vulnerable to fluctuations in the worldmarket.

Ecuador uses American currency hasmade the country a haven for money laundering by drug cartels. It uses American currencyhas made the country a haven for money laundering by drug cartels.Theunemployment rate in Ecuador is roughly 6.1 percent. In 2016, the per-capitagross domestic product was estimated at US$11,000. Business partner: The United States is Ecuador’s largest trading partner.Ecuador’s export revenues amount to US$16.

77 billion. Major exports includepetroleum and petroleum products, food, coffee, cut flowers, and wood.Growth: 27.8% Ecuador’s workforce was employed in theagricultural sector. The main crops are bananas, cacao, coffee, sugarcane,plantains, rice, cassava, and potatoes.

Moreover, Tourism, particularly ecotourism,is growing in Ecuador. More than 1.56 million international tourists visitedthe country in 2015.

Travel and tourism contributed, in total, 5.1 percent ofGDP in 2016.  (Bailey, E. (2013).

Ecuador. Our World,)  The positive andnegative effects of globalization on this country:Positive effects: Globalization allows the countries to doinvestment in international markets. There are so many countries in mid 80’swhich are in debt and their local markets went down but then many nationsstarts investment in international markets starts import and export to othercountries for example: in 2008 Iceland banks went bankrupt due to their badpolicies but the government of Iceland invites investors to invest in their marketand now they have good GDP rate and the unemployment rate which was near about8%,but after globalization that comes under 3%.

the same thing happened with Ecuadorfrom 1980 to early 2000 the fish market of this country goes up and Ecuador’stuna fish has good demand in international market. Ecuador becomes the ninthlargest economy of Latin America it all because of rise in exports. Negativeeffects: To improve the growth rate and expandthe local market on international level nations formed globalization. There areso many benefits of globalization as we discussed but Ecuador faced somenegative effects also. For example, in 1980, 41% people were under the povertyline but after the one decade of globalization the figure increased to 46%. Thisall happened because of the bad policies of government.

Some local marketeconomies vanished because they could not competed with multinationalcompanies. It also increase the polarization which means majority part ofnational income goes into the hands of few people and rest of people facing theproblems like low income and unemployment etc.  Business I would liketo invest in Ecuador :As I mentioned earlier inintroduction that, more than 1.

56 millioninternational tourists visited the country in 2015. Travel and tourismcontributed, in total, 5.1 percent of GDP in 2016. So, I would like toinvest in a hotel. According to me this is the best business in Ecuador and Icould make more money from this business tourism is increasing day by day in Ecuador.              References: 1.    Bailey, E. (2013).

Ecuador. Our World, http://eds.a.

ebscohost.com.ezproxy.library.selkirk.

ca/eds/detail/[email protected]1=JnNpdGU9ZWRzLWxpdmU=#AN=88391071=ers2.     Laurell,Cristina Asa. “Structural Adjustment and the Globalization of Social Policy inLatin America.” 2000: International Sociology. Vol. 15, No.

2 p 309http://faustosicha.blogspot.ca/2008/12/negative-effects-of-globalization-in.html?m=13.     Keeling,David J. “Latin America Development and the Globalization Imperative.

” NewDirections, Family Crisis 2004: Journal of Latin America Geography. p 3http://faustosicha.blogspot.ca/2008/12/negative-effects-of-globalization-in.html?m=1