...What I Think of Globalization Have you ever imagine the time when the world was divided into parts and every part was closed? I believe the answer is no. Nowadays our life is more convenient as we can communicate with people outside our countries, go abroad easily and even buy things from most places around the world at home through Internet. If you think you are one of those people who have benefit from all these changes, then you should thank for the globalization. It brings us a lot of changes from different area and through this process people may learn and benefit from other countries. As more and more nations catch the step of globalization, this has become the main topic in the era and all kind of voices come upon it. Some people believe that globalization will not benefit the world because of different reasons. They think it hurts both the developed countries and the developing nations, especially on the economic field. I understand that everything has two sides and globalization may have it harmful points. However, I believe what globalization has bring to the whole community on economic area is mostly positive things as it helps the developing countries with their economy, makes people live under better situation and provide more working opportunities to developing nations. At the same time, it lowers the cost of developed countries and makes strong countries get more economic benefit from this process. Maybe some people insist their point that developed nations benefit...
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...Thomas Friedman takes a jibe of the “It’s a small world, after all” theme and writes a lengthy article on his discover that the world, in terms of innovation, technology, geo-economics and globalization that the world is “flat,” after all. He starts the article off by comparing Christopher Columbus’ discovery in 1492 of the world being round when he set sail searching for India. Thomas Friedman also set off to search for India however for many different reasons. He writes the article, “It’s a Flat World, After All,” in a way to encourage the reader to prepare for the future. He stresses the importance of studying science and engineering. He makes several references to surrounding countries being significantly more advanced than America. In 2001, China had twice as many college graduates than the United States and India had one million more students graduate than the United States. China also had six times as many students with engineering degrees than the United States. After reading this article, I would have to agree with Thomas Friedman, that the world is indeed flat in terms of innovation, technology, geo-economics and globalization. Education facilitators, human resource departments and even parents in the United States need to encourage furthering education and engaging individuals in pursuing science and engineering in order for our country to compete in the emerging markets in the technologically advancing race. I believe this is a good article which serves...
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...GLOBALISATION Introduction The term globalization can also be referred to as global village. Village is a small area where people can interact easily with each other without any barriers or obstacles. So we refer to globalization as global village because countries are now interacting without or with fewer restrictions as if they were a global village. It can also be defined as the interdependence of countries upon one another, which has lead to the reductions of barriers set by nations to restrict trade. The unification of countries has lead to countries moving closer to each other in terms of trade and cohabiting with each other. The goal of globalization has always been driven by the idea of gaining something. Countries who do not necessarily like it have tolerated it in the belief that it will aid in increasing their material wealth, goods and services through international trade. However, communication and transport are the front setters in making globalization easy and possible for parties involved but mainly it is driven by a combination of economic, technological and political factors. This is because these above factors influence the stability of a country and that is why every country is soughing after globalization, to have that stability. Globalization is more like the use of fire. It can be good when used right and for the right reasons. Never the less it can be harmful or dangerous when it is used for the wrong reasons and when it’s used is abused. Fire is good for...
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...nation? Dividing the book into five sections—poverty, aid, trade, globalization, and change—he analyses the issues, with stories about real people in Africa and experiences from his own years in the aid industry. On his first visit to Kenya, to meet a friend, Giles Bolton ends up in deciding that he would start his aid industry career there. He through the incidents and experiences during the visit describes the scenic beauty, backwardness and poverty of the continent. He identifies that the continent needs internal reorganization more than the benevolence of the west. He says Corruption, conflict, and lack of democracy are the three major problems of Africa and poverty is the cause for these. Africa is stuck in the viscous cycle in which poverty induces corruption and vice-verse. He says “This book is written for people who are concerned about Africa but don't understand why it's still so poor. While there is quite a bit of good academic material out there, most of it isn't very accessible and it doesn't answer the direct questions most of us want answered.” He says that every year promises are made by the G8 countries but are never kept. He argues that Africa is not able to benefit from globalization because of the unfair trade policies and subsidizing of indigenous products by the developed nations. He ask them to “think, act, and shop” because every economy is interrelated in the era of globalization and it is their money which is...
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...The Effects of Globalization and the Coffee Industry Assignment #5 ECON 401 December 30, 2014 Globalization has had an effect on many aspects of our lives, socially, economically, politically, and culturally. Since the 1970’s trade barriers have been minimized and the coffee industry has been a high import and export for many countries being the second most traded commodity in the world behind crude oil (Chapman, Hodges, 2011). As the industry evolved and large corporations fed on the increasing demand for coffee, it has become a commodity many countries rely on; 20 million people depend on coffee for their livelihood (AAFC, 2010), whether it be the north American coffee retailor to the small farmer, we can say that globalization has and will continue to affect every aspect of the coffee chain. Supply, Demand & Price It is evident today that people need to have their coffee. In the 1960’s and 70’s half of the worlds coffee came from Columbia and it was about $3.00 per pound (Lewis, 2014). The industry was booming and protected by the Columbia Coffee Federation. This was a regulatory party who acted as a mini union for the coffee farmers who basically had no voice to the state. At this time it was good business to be in agriculture in Columbia. Since then demand has only risen as the large coffee retailors such as Starbucks and Seattle’s best have made coffee drinking a major social pastime. The shifts in the coffee supply and demand are not predicted by...
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...Globalization Worksheet 1 Globalization and You p. 1 Worksheet 1 Globalization and You Students study the Powerpoint file on “Globalization and You”, and then answer the questions below. Brand names 1. Do you know what 2. Have you ever 3. Where did you kind of products used these use such or services the products or products/services brand names services? If yes, ? provide? how many products or services have you used? Please give a in the boxes below. Disney Theme parks, movies, stationery, etc. Amazon Book purchase, etc. Microsoft Software, etc. McDonald’s Food, drinks, toys, etc. Going on the Internet, Yahoo searching for information, etc. Intel Computers, etc. Globalization Worksheet 1 Globalization and You p. 2 Brand names 1. Do you know what kind of products or services the brand names provide? 2. Have you ever used these products or services? If yes, how many products or services have you used? Please give a in the boxes below. 3. Where did you use such products/services ? Sony Stereos, T.V., computers, etc. HSBC Banking services, etc. CNN News information, etc. Coca Cola Drinks, products with company logos, etc. Nokia Mobile phones, etc. Nike Sports goods, sneakers, sports wear, etc. Levi’s Jeans, etc. Globalization Worksheet 1 Globalization and You p. 3 Brand names 1. Do you know what kind of products or services the brand...
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...Globalization of Starbucks September 2, 2013 University of Phoenix Globalization of Starbucks Globalization, what does it actually mean? Globalization : the act or process of globalizing : the state of being globalized; especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets(www.merriam-webster.com, 2013). Many companies, large and small are crossing the lines of safety and comfort of traditional business and are expanding their brands and businesses across the globe. This new process is exciting, insightful, life changing and disruptive all at once. Starbucks has been one of the leaders on the forefront of globalization. Starbucks started out as a simple small coffeehouse on Seattle’s Pike Place Market in 1971. Initially, Starbucks was just a single storefront that was roasting whole bean and ground coffee as well as tea and spices. In 2006, this global empire delivered the corporation net revenue of $7.8 billion – a figure over three times the size of Liberia’s GDP (www.newint.org, 2007). The difference began with their mission, to provide the best cup of coffee all while inspiring and nurturing the human spirit, one person, one cup and one neighborhood at a time (www.globalassets.starbucks.com, 2012). This mission would change the lives and cultures of so many to come. The coffee buyers of Starbucks had the premonition that great coffee...
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...GLOBALIZATION AND PAKISTAN, SOME REALITIES. Ghulam Ali Khan * INTRODUCTION TO GLOBALIZATION: Globalization is a multifaceted phenomenon. The term Globalization is a controversial term and has been defined in several different ways. The word globalization can imply different meaning for different people across the glob. Some focus on the economic aspect and hence emphasize the global economy outlook, whereas some focus on the cultural aspects of this phenomenon and how globalization has effected different aspects of their culture, still others focus on the political aspects of the structure of globalization, yet others equate globalization with advanced technology, particularly in the area of communication and transportation. Globalization is all that. According to Majidi (1 ) There is not yet any single definition about globalization and there no consensus about it among the scholars. According to Walsham (2) ”The term globalization has achieved the unusual status, in a relatively short time, of becoming fashionable in academic debates in the social sciences, in the business world, and to some extent in the popular media. . However, even a cursory examination of these sources would demonstrate that the term is highly ambiguous, and that it masks a wide variety of opinions on what is happening in the world.’’ Anthony Mcgrew (3) confirming that globalization is a multidimensional phenomena, pays due attention to the issue of communication, defining globalization as the increasing...
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...Globalization Outline: • Introduction. • Historical background of the concept. • Tools of globalization. • Different levels or aspects of globalization. • Negatives of globalization • Positives of globalization. • Suggestions. • Conclusion. Globalization is an irreversible and irresistible phenomenon. It is very famous all over the world. While dilating on the subject, it is important to note that globalization not only affects us as a citizen but also as “producer-consumer in the global economy”. In the modern contemporary world, intense debate revolves around the term “globalization”, which is even today a continuous issue. Before exploring the concept, we should take a look over the different definitions of the phenomenon. Globalization can be defined as “closely interrelated integration of market in terms of goods, services and capital”. It can also be defined as “gradual erosion of boundaries between states through increased economic interdependence and interlinkages can be termed as globalization. From the above mentioned definitions, we can assume that globalization is the mutual sharing of goods, services and capital between or among states. It is also gradually making states closer and integrated. There are different theories about the beginning of the concept of globalization. Some are of the view that it started from the mid of 20th century with woods conference 1944. While the others are of the view that this concept was properly started with the establishment...
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...this paper I will be explaining these factors in The Walt Disney organization. I will be giving a breakdown of all of the following, Globalization, Technology, Innovation, Diversity, and Ethics. Along with the breakdown of each factor I will be highlighting examples in which The Walt Disney Company. has exceled to hold themselves true to the factors that are needed in the business world. Without large organization having all five of these factors with strong force the balance of the company is off tilt. Globalization Globalization in simple words would be the spread of a company over the entire globe, from one country to the next country in the process of selling their product and expanding their company’s empire. This factor is being grasped by many companies strongly with the help of the Internet. Companies such as Coke, Chevy, and even a small boot company Redwings Shoe companies all understand truly how important this factor is. One company that really understand the importance of globalization is The Walt Disney Company, this company goes above and beyond to embrace and reinforce globalization. The Walt Disney Company has opened 5 theme parks, two in the United States, one in Paris, one in Hong Kong, and the latest one in Tokyo. Every chance this company gets it is finding ways to expand its reach in different directions and locations throughout the world. (Vaux, n.d.). Technology Technology is the advancement in the process in which we do thing from day to day...
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...Contribution and Limitation of Globalization “Globalization refers to a complex of interrelated processes, which have in common the idea that relationships and organizations have increasingly spread across the world, bringing about a growing awareness of the world as a whole” (Fulcher. J. and Scott. J., 2011). I. Contribution of Globalization A) Economic The essential dimension of globalization refers mainly to increase in international integration among trade and market all over the world is mentioned as economic globalization. “One who first commits himself to a theory of globalization is Marx. In so doing he identifies an economic dimension of the process” (Waters. M., 2001). The Idea of replacing national boundaries with global union especially in the case of economy was primarily supported by Marx and the other theorists of twentieth century who were struggling to make the big changes for the world’s future. It can be said that the process of globalization rose after industrial revolution (1757-1800) in Europe. Some examples of development and change from that time at which the process has been extended throughout the world so far are; “from farm to factory, division of labor increase, increase in child labor, new methods of administration, mass production and etc”. Nowadays, through the globalized situation, international trade and the achievement of the free market economy is increasing so that workers, consumers, and companies have the strong possibility to go...
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...In 1991 n. Krugman is the outstand- ing international economist among his generation and has played a leading role in virtually every important development in international economics during the past decade, making path-breaking contributions to the "nonmonetary" theory of international trade and, in the study of open-economy macroeconomics, to the analysis of the determinants of exchange-rate movements. While in its sheer volume Paul Krugman's scholarly output has been nothing short of phenomenal, the quality of the individual papers and their impact has been still more impressive. If he has not been the sole contributor to the major reorientations with which his name is associated in our thinking about international economics, and about economics more generally, it must be acknowledged that in remark- ably many instances he was first and most influential. Paul Krugman joined The New York Times in 1999 as a columnist on the Op-Ed Page and continues as professor of Economics and International Affairs at Princeton University.Mr. Krugman received his B.A. from Yale University in 1974 and his Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford. At MIT he became the Ford International Professor of Economics.Mr. Krugman is the author or editor of 20 books and more than 200 papers in professional journals and edited volumes. His professional reputation rests largely on work in international trade and finance; he is one of the founders of...
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...Globalization Learning objectives • Explain why it is important for managers today to have a global perspective. • Explain the three components of globalization • Describe its effects on markets and production • Explain how technology and innovation in transportation have speeded up globalization • Discuss pros and cons of globalization This chapter is dedicated to introducing the student to the emergence of a new and integrated world of business in which the traditional barriers to cross-border trade and investment including distance, time zones, language, differences in national government regulation, culture and business systems recede in significance due to globalization. The discussion of contemporary issues in international business illustrates the unique challenges of international business. A review of macro-economic and political changes that have taken place in the last 30 years highlights the issues that a typical manager must address in a global market. Information technology and technological changes have put global markets within the reach of small firms in remote locations. In spite of all its benefits, globalization is not a panacea. Critics of globalization point out that it has adverse effects on some firms and individuals. The opening case chronicles the meteoric rise of Wal-Mart from its humble Arkansas beginnings in 1962 to a global retailing giant with $218 billion in sales in 2002. The closing...
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...Retail Doesn’t Cross Borders Here’s why and what to do about it Globalization’s lure is almost irresistible. With the U.S. economy struggling to expand and Europe on the brink of recession, fast-growing markets in the developing world offer the best opportunities for boosting revenues and profits today. Many companies in the developed world are keen to follow in the wake of corporations in a variety of industries—such as Boeing, Coca-Cola, DuPont, General Electric, Hewlett-Packard, IBM, Oracle, Unilever, and Disney—that appear to have succeeded in going global. Globalization is no panacea, however. Success abroad varies widely, and it’s often tough to boost profits by investing overseas. Because most studies look at cross-industry patterns to draw lessons about how to succeed at globalization, they can be Rajiv Lal is the Stanley Roth Sr. Professor of Retailing at Harvard Business School. misleading. When we focused on one industry—grocery retailing—we found that, with a few exceptions, globalization’s benefits had not accrued to retailers. In contrast to other industries, grocery retail is still dominated by local players in most countries. International players are almost entirely absent from even the largest retail markets. And every grocery retailer that has ventured overseas has failed as often as it has succeeded. Moreover, our research shows that on average, the extent of internationalization does not have a significant effect on retailers’ ...
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...Globalization Learning objectives • Explain why it is important for managers today to have a global perspective. • Explain the three components of globalization • Describe its effects on markets and production • Explain how technology and innovation in transportation have speeded up globalization • Discuss pros and cons of globalization This chapter is dedicated to introducing the student to the emergence of a new and integrated world of business in which the traditional barriers to cross-border trade and investment including distance, time zones, language, differences in national government regulation, culture and business systems recede in significance due to globalization. The discussion of contemporary issues in international business illustrates the unique challenges of international business. A review of macro-economic and political changes that have taken place in the last 30 years highlights the issues that a typical manager must address in a global market. Information technology and technological changes have put global markets within the reach of small firms in remote locations. In spite of all its benefits, globalization is not a panacea. Critics of globalization point out that it has adverse effects on some firms and individuals. The opening case chronicles the meteoric rise of Wal-Mart from its humble Arkansas beginnings in 1962 to a global retailing giant with $218 billion in sales in 2002. The...
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