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1、Unit11Passage:Globalization:WhatIsIt?FromKeithPorter,NewEraReplacesColdWarandSpaceAge[Para1]Peoplearoundtheglobearemoreconnectedtoeachotherthaneverbefore.Informationandmoneyflowmorequicklythanever.Goodsandservicesproducedinonepartoftheworldareincreasingl
2、yavailableinallpartsoftheworld.Internationaltravelismorefrequent.Internationalcommunicationiscommonplace.Thisphenomenonhasbeentitled"globalization."[Para2]"TheEraofGlobalization"isfastbecomingthepreferredtermfordescribingthecurrenttimes.JustastheDepressi
3、on,theColdWarEra,theSpaceAge,andtheRoaring20'sareusedtodescribeparticularperiodsofhistory;globalizationdescribesthepolitical,economic,andculturalatmosphereoftoday.[Para3]Whilesomepeoplethinkofglobalizationasprimarilyasynonymforglobalbusiness,itismuchmore
4、thanthat.[Para4]Thesameforcesthatallowbusinessestooperateasifnationalbordersdidnotexistalsoallowsocialactivists,labororganizers,journalists,academics,andmanyotherstoworkonaglobalstage.TheImpactofGlobalizationonInternationalBusiness[Para5]Globalizationhas
5、becomeamajorissueinthe21stcenturyforinternationalbusinesses.Somearguethatglobalizationhascreatedmanyopportunitiesforinternationalbusinessesandorganizations,whileothersarguethatglobalizationhasledtocomplicationsandmanythreats.[Para6]Oneoftheopportunitiesc
6、reatedbyglobalizationforinternationalbusinessesisthatitcreatesbiggermarkets.Corporationsgetachancetoexpandtheirbusinessestodifferentpartsoftheworld,whichmeansthattheycanreachagreaternumberandvarietyofpeople.[Para7]Anotheropportunitycreatedbyglobalization
7、iswhatwecallthebusinesscycle?Bysellingandproducingproductsindifferentcountries,aninternationalcompanycanbeabletospreaditsrisksanduncertaintiesofaneconomicdownturninaparticularpartoftheworldbydiversifyingitsbusinessglobally.[Para8]Besidestheopportunitiesg
8、lobalizationcreatesforinternationalbusinesses,ithasalsocreatedsomethreats.Thebiggestthreatinternationalbusinesseshavetodealwithisthatoflocalgovernments.Asbusinessesbecomemoreandmoreinternationalduetoglobalization,governmen
