How has Amazon affected globalization?
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78 Citations | Based on several measures, we find that globalization has increased. |
19 Citations | This paper asserts that globalization has a positive side as well. |
The cultural consequences of globalization are therefore diverse and complex. | |
This confirms the effects of globalization on port regions | |
Our results suggest that globalization is an important variable that has been overlooked in much of the previous cross-country research. | |
These findings support the transformation perspective about globalization and its impacts. |
Related Questions
How has globalization impacted global markets?5 answersGlobalization has had a significant impact on global markets. The increase in global trade and the globalization of markets and production have led to an interdependent and integrated global economic system. While trade globalization has stalled since the Global Financial Crisis (GFC), financial globalization has continued to increase, particularly through US dollar hegemony. This has resulted in increased correlation among global equity markets and reduced efficacy of geographic diversification, concentrating exposure to US monetary policy shocks. The implications of globalization on global markets include the need for businesses to adapt to international accounting practices, strategic choices, cultural issues, and political risk factors in various countries. Additionally, globalization has led to comprehensive foreign competition in global markets, increasing international competition. Overall, globalization has transformed global markets by breaking down barriers to trade and investment, increasing interdependence, and presenting both challenges and opportunities for businesses and investors.
How has the Amazon effect impacted the retail landscape?3 answersThe Amazon effect has had a significant impact on the retail landscape. Jeff Bezos's customer-focused approach and the implementation of strategies such as the Fly Wheel have transformed how retailers handle a wide range of products, breaking Pareto's law and achieving exponential sales growth. Amazon's influence is particularly evident in the consumer electronics retail industry, where it has raised consumer expectations in terms of customer service, online purchasing experience, and fast delivery times. Furthermore, online competition, driven by algorithmic pricing technologies and the transparency of the internet, has led to increased price changes and uniform pricing across locations, making retail prices more sensitive to nationwide shocks. Additionally, Amazon's technological innovations, such as Alexa and Dash-buttons, have reshaped the shopping experience and increased shoppers' impulsiveness, leading to incremental sales for e-retailers.
How has Amazon Logistics impacted the logistics industry?5 answersAmazon Logistics has had a significant impact on the logistics industry. The company's rapid growth and expansion have led to increased complexity in its inbound transportation network, but also opportunities for cost reduction and performance improvement. Amazon's logistics operations have reshaped communities where they are located, replacing brick-and-mortar retail jobs with warehouse and delivery jobs. The volume of goods delivered by Amazon and other major players in e-commerce has skyrocketed, leading to new challenges in delivering goods worldwide in minimal time. The emergence of digitalization in the logistics industry, driven by the fourth industrial revolution, has received little attention but holds great potential for sustainability and efficiency improvements. However, the demand for fast shipping and same-day delivery has increased transportation costs and carbon emissions, as it requires more frequent dispatch and inefficient routes.
How does Amazon use e-commerce to their advantage?4 answersAmazon uses e-commerce to their advantage by leveraging their sophisticated platform and large customer base to expand into new areas and acquire other companies. They combine their own technology with the content of the companies they acquire to compete with others. Amazon's dedication to troubleshooting problems, developing solutions, and enhancing customer experience has created a successful and continually improved website. They segment their markets based on actual purchase behavior and target each customer individually, converting visitors into long-term, high-value customers. Amazon strategically locates their fulfillment centers near airports to provide speedy shipments and offers free express shipping to certain countries, giving them a competitive advantage. They also utilize big data analysis and cloud computing to increase business efficiency.
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