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1、Unit11Passage:Globalization:WhatIsIt?FromKeithPorter,NewEraReplacesColdWarandSpaceAge[Para1]Peoplearoundtheglobearemoreconnectedtoeachotherthaneverbefore.Informationandmoneyflowmorequicklythanever.Goodsandservicesproducedinonepartoftheworldareincreasinglyavailableinallp
2、artsoftheworld.Internationaltravelismorefrequent.Internationalcommunicationiscommonplace・ThisphenomenonhasbeentitledHglobalization.u[Para2]"TheEraofGlobalizationHisfastbecomingtheprefeiredtermfordescribingthecurrenttimes・JustastheDepression,theColdWarEra,theSpaceAge,and
3、theRoaring20"saieusedtodescribeparticularperiodsofhistoiy;globalizationdescribesthepolitical,economic,andculturalatmosphereoftoday.[Para3]Whilesomepeoplethinkofglobalizationasprimarilyasynonymforglobalbusiness,itismuchmorethanthat.[Para4]Thesameforcesthatallowbusinesses
4、tooperateasifnationalbordersdidnotexistalsoallowsocialactivists,labororganizers,journalists,academics,andmanyotherstoworkonaglobalstage・TheImpactofGlobalizationonInternationalBusiness[Para5]Globalizationhasbecomeamajorissueinthe21stcenturyforinternationalbusinesses.Some
5、arguethatglobalizationhascreatedmanyopportunitiesforinternationalbusinessesandorganizations,whileothersarguethatglobalizationhasledtocomplicationsandmanythreats.[Para6]Oneoftheopportunitiescreatedbyglobalizationforinternationalbusinessesisthatitcreatesbiggermarkets・Corp
6、orationsgetachancetoexpandtheirbusinessestodifferentpartsoftheworld,whichmeansthattheycanreachagreaternumberandvarietyofpeople.[Para7]Anotheropportunitycreatedbyglobalizationiswhatwecallthebusinesscycle?Bysellingandproducingproductsindifferentcountries,aninternationalco
7、mpanycanbeabletospreaditsrisksanduncertaintiesofaneconomicdownturninaparticularpartoftheworldbydiversifyingitsbusinessglobally.[Para8]Besidestheopportunitiesglobalizationcreatesforinternationalbusinesses,ithasalsocreatedsomethreats.Thebiggestthreatinternationalbusinesse
8、shavetodealwithisthatoflocalgovernments・Asbusinessesbecomemoreandmoreinternationalduetoglobalization,governmen
