Globalization and Decision-Making
1. Discuss how you think globalization influenced the decision-making that formed Saudi Vision 2030.
2. What are some of the benefits and challenges of globalization for different sectors of society (for example, companies, workers, and communities)?
Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
· Your initial post should address all components of the question with a 500 word limit
· Also, I need to see proper APA headings for each of the questions/sections above
· Use 3 references pulse the textbook
· Follow Discussion Rubric
Expert answer
Globalization is a process through which businesses or other organizations create influence, or develop operations around the world. It is a combination of the Human Development Index (HDI) and the gross domestic product (GDP), industrialization. Globalization has played a significant role in Saudi Arabia “Vision 2030” project by aiding in transforming the country from a petro-state to an industrial manufacturing-based productive economy . The Saudi Arabia “Vision 2030” project has a long-term objective of achieving a private sector-led self-sustaining economy, an open and vibrant society, and an ambitious nation. The original ideas for ‘Vision 2030’ came from a 2015 document ‘Saudi Arabia Beyond Oil’ developed by the business consulting firm McKinsey Global Institute (MGI). The report was about the pitfalls of Saudi Arabia’s excessive dependence on oil revenues and what actions the Kingdom should take to diversify its economy away from oil dependence to build a sustainable economy Saudi
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