...1 TOPIC it means, globalization is going to happen. The world is going to get more connected, and thus increases communication, transportation and technologies. Arguing against it seems pointless, we all can't go back to being isolationists. The term ‘Globalization' has become skewed from its original meaning. In essence, it means the increasingly global scope of everything from travel to trade. In describing this globalizing trend, former UN Secretary General Kofi Annan states that, "Arguing against globalization is like arguing against the laws of gravity." Annan is claiming that the power to globalize, whether for humanitarian or corporate reasons, is such that no one and nothing can resist the urge to grow and learn. He is, in fact, describing universal and human nature. The universal forces of attraction, or gravity, cause any body with inherent mass to both attract and be attracted by other bodies with inherent mass, with the result that the smaller ones are drawn toward or are engulfed by the larger ones. Annan's comparison of these forces to those of globalization creates a very clear image of regional and national affairs gravitating toward or becoming international ones. He is referring to the corporate takeover of one company by another or the merging of several to become a conglomerate. He is referring to an airplane assembly line using parts made from 57 different companies in as many countries. He is referring to the capacity to engage in overseas warfare...
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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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...Globalization Macroeconomics December 9, 2013 Lloyd Ruffle Globalization Globalization is a process of communication and integration between different parts of the world. Motivated by international trade and investment and supported by information technology this process has effects on political activities, economic development, the environment, culture, and human physical well-being (What is Globalization, 2013). Technology developments are conceived as a main driving force of most of the globalization process. As people, thoughts, information, and goods shift effortlessly around the world, the familiarity of people around the world become more alike. The Effect of Globalization As a parent globalization of education through technology is being promoted worldwide on a daily basis in our school system. With the use of technology in countries like North Africa and Asia, it is expected to make the education opportunities better for the students. It is leading to improve economies and more opportunities for students. In a classroom in one of those countries they are able to expose the students to international resources, worthwhile educational resources, which many students all over the world don’t have access to. Children in Indonesia for example are able to see the museum in London via technology, exposing them to many cultures and daily living. Globalization affects me as a consumer. The toys I bought my daughter for Christmas are all made in locations...
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...This discussion in turn boils down to the question “what is globalization?” According to me globalization is a word which has its origin from the process of transformation from self-sufficient civilizations to modern countries having specializations and doing trade. Globalizations finding its way back from 3000BC to the most recent times; it can be defined in various ways depending upon time. Gunder Frank’s theory of dependency explains it all. Globalization was always need driven, more was the need more was globalization in terms of trade, people, colonies, power, labor, etc. so it can be said that in a world of self-sufficiency globalization dies, only when the markets are volatile, globalization has its pace and when a particular segment becomes saturated in every economy there would be no exchange of this good or service or technology from one another and the scope for globalization ceases. When each country has a holiday destination like Miami nobody would be ready to come all the way spending more money. This is very much a reason for more south to south trade and south to north trade rather than north to south. With this transition or reform in the economic flow we can say the world is being pulled apart. The question “the world is still not flat?” is a comparative term and drawing back the lines to the 3000BC, I would say the world is flat. Russia is a young economy with great scope of development. After its economic reform in 1999 it faced a huge inflation because...
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...Free University of Amsterdam Faculty of social sciences Department of political science Globalization: The end of state Sovereignty? Ofran Badakhshani: 1586513 Words: 1442 Ofran Badakhshani: 1586513 Written assignment for International Relations Index Introduction......................................................................................................................... 3 Globalization....................................................................................................................... 3 State sovereignty................................................................................................................. 4 Analysis............................................................................................................................... 4 Conclusion .......................................................................................................................... 6 Bibliography ....................................................................................................................... 7 2 Globalization: The end of state Sovereignty? Ofran Badakhshani: 1586513 Written assignment for International Relations Introduction “A specter is haunting the world’s governments, the specter of globalization”. The world order and politics are facing a new danger; the sovereignty of the nation states is under question. According to some theorists there is a constantly growing dependency and interconnectedness between the...
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...Introduction This paper will outline the question “what is Globalization,” outline some traditional trade theories, major drivers of globalization, and explain some effects of globalization on communities and industry. What is Globalization Defined as “globalization refers to the shift toward a more integrated and inter-dependent work economy. Globalization has several facets, including the globalization of markets and the globalization of production.” (Hill, 2009, Chapter One). Globalization as it affects markets and trade is the development of international supply and distribution chains. Traditionally supply and manufacturing was more localized be region distributed to a final destination. Globalization has permitted the most effective supply chain to be directed to the most cost-effective manufacturing resource and distributed in the most cost-effective way. This is made that a company’s headquarters or main office may not even have a presence at any of the origination points. Companies often source components of their products from regions around the globe and ship them to a manufacturing or assembly plant in another region. Major Drivers There are three major drivers for globalization and those are: cost of materials, labor costs, and regulation. Depending on the product a company may find the components of their product be offered at a lower price, even after shipping in another region of the world, thus allowing for more profit. Companies may find an educated...
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...MGT/448 Global Business Strategies Globalization Questionnaire There are many organizations and corporations, big and small that choose to take advantage of globalization. The movement of globalization in businesses today have in many ways saved a lot of businesses from going into bankruptcy or helped them in many areas where they may have otherwise fell short on their bottom line. Throughout this paper, the following questions will be answered; what is globalization, and what are some of the traditional international trade theories that support the concept of globalization? The major drivers of globalization will be listed examples provided of each. This paper will also explain how globalization affects your community and your organization. Globalization has in a sense transformed how many organizations conduct business on al daily basis. Globalization has had such a profound effect on many country’s economy; there level of education, their social standing in the world and their political landscape. Globalization is defined as “a trend of countries and cultures becoming more connected through business, governmental cooperation, mass media and other sectors. As the opportunities for meaningful exchange grow (through technology and cheaper travel) businesses are able to expand their scope into new markets, average citizens are able to get to know people from vastly different cultures, governments are able to more easily collaborate on initiatives that affect more...
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...International Management Globalization October 9, 2015 Globalization is the process of social, political, economic, cultural, and technological integration among countries around the world between nation and nation (Luthans and Doh). Globalization for every region, country, and city-state within a country has gone through globalization many times, in various different ways. There are many ways and reason for a country to go through globalization, by choice to advance and become relevant with the rest of the world, or by force by other nations. Globalization has a long history. The Greek globalization goes back all the way through ancient times. They began to spread across Asia in its southwestern sector, northern Africa and then onward to southern Europe. Alexander the Great would be a main reason as to how Greece provided its globalization matters into these other regions. In fact, there are cities named for Alexander in Iraq (Iskandariya), Egypt (Alexandria), and Turkey (Alexandria Troas) (Geo). When it comes to globalization there are many different factors that come into play as to what degree of globalization can occur. For Greece there were many positive factors in play. Physical characteristics such as the topography of the soil were a huge factor. There is also the vast presence of natural elements and the climate that goes along with it. If a country can globalize on what nature gives them on a daily, monthly or yearly basis, there is great reason to globalize...
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...ways in which Wal-mart responds to internal and external factors such as globalization, new technology, innovation, diversity, and ethics. Wal-Mart is a successful industry giant, so it stands to reason that they are proficient at responding to internal and internal factors and thriving . In this essay we explore Wal-Mart’s programs and initiatives and access if we could use their examples to learn from and grow as managers and business owners. There are various internal and external factors that affect the four functions of Management positively or negatively. Organizations need to pay close attention to these factors because it can enhance the company’s success when used appropriately. The most prevalent factors that management has to be concerned with in this era are globalization, new technologies, innovation, diversity, and ethics. Wal-mart is a big player in the nation nal and global market and must stay reactive to these internal and external factors to stay on top. Wal-mart is addressing each of these issues directly. Globalization has raised numerous questions about the credibility, leading to perceptions. Wal-Mart is one leading store serving millions of customers globally and continues to do so by opening more stores worldwide. Globalization has a great impact on the company. It has broadened their market structure and also increased profit margin. Even though the globalization expands Wal-Mart’s market it also promotes contenders. (Britt D., 2010)...
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...Program on the Geopolitical Implications of Globalization and Transnational Security Definitions of Globalization: A Comprehensive Overview and a Proposed Definition Dr. Nayef R.F. Al-Rodhan Senior Scholar in Geostrategy and Director of the Program on the Geopolitical Implications of Globalization and Transnational Security Geneva Centre for Security Policy Ambassador Gérard Stoudmann Director Geneva Centre for Security Policy June 19, 2006 To comment, please email Ms. Bethany Webster at b.webster@gcsp.ch. All copyrights are reserved by the authors. Avenue de la Paix 7bis P.O. Box 1295 CH-1211 Geneva 1 Telephone Telefax www.gcsp.ch +41 22 906 83 17 +41 22 906 16 49 info@gcsp.ch Dr. Nayef R.F. Al-Rodhan Ambassador Gérard Stoudmann Definitions of Globalization: A Comprehensive Overview and a Proposed Definition Abstract Many authors have attempted, with relative success, to define globalization in a variety of ways. Some claim that it cannot be done, others claim that it would constrain the meaning to do so, and still others have defied these two beliefs and have constructed a working definition. Despite differing opinions about developing a definition, all authors agree on one thing: that defining this term is anything but easy. This paper will attempt to provide a comprehensive overview of the existing definitions of globalization and introduce our proposed definition: “Globalization is a process that encompasses the causes, course, and consequences of...
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...Globalization: A Very Short Introduction by Manfred B. Steger is a book outlining the concept of globalization. Steger looks at the perception of globalization from an economical, political, cultural and ecological standpoint. By analyzing and reviewing Globalization: A Very Short Introduction, I will look on Steger's view of globalization focusing on the economical, political, cultural and ecological standpoint, which will explain both the causes and effects of globalization. What Exactly is Globalization? Steger introduces his book by first defining globalization. He explains that many scholars have a one sided view of globalization as oppose to viewing globalization as a whole, seeing that globalization is an uneven process (Steger, 11). He refers this to the parable of the blind scholars and the elephant, and explained how each scholar had very different descriptions of what an elephant is (11). In a similar way, there are different views on globalization. Steger defined globalization as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa. (13) Is Globalization a New Phenomenon? This question was answered by looking at the four approaches to globalization (18-19). By doing this Steger comes up with an answer, which one is inclined to agree with. He stated, "globalization is an ancient process that, over many countries, has distinct qualitative...
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...Culture and Globalization Table of Contents PREFACE ............................................................................................................................................................................... 2 INTRODUCTION ...................................................................................................................................................................... 2 GLOBALIZATION VS. LOCAL CULTURES .................................................................................................................................... 3 THE INFLUENCE OF U.S. CORPORATIONS ON LOCAL MORES ................................................................................................... 3 THE DOMINANCE OF THE AMERICAN MARKET .......................................................................................................................... 4 THE INTEGRATION OF CULTURES ............................................................................................................................................ 6 REAFFIRMATION OF LOCAL CULTURE ...................................................................................................................................... 6 A CLASH OF CIVILIZATIONS?.................................................................................................................................................. 7 CULTURAL IMPACTS OF GLOBALIZATION ....................................................
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...Fundamentals of Multinational Finance, 4e (Moffett) Chapter 1 Current Multinational Challenges and the Global Economy Multiple Choice and True/ False Questions 1.1 The Global Financial Marketplace 1) Which of the following firms are NOT considered to be multinational enterprises (MNEs) even if they have operations in more than one country? A) for-profit companies B) not-for-profit organizations C) non-government organizations (NGOs) D) all of the above may be considered MNEs Answer: D Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 2) "BRIC" is a term coined in 2001 to refer to a group of countries at about the same stage of advanced economic development. The BRIC countries are ________. A) Belgium, Romania, Italy, and Canada B) Brazil, Russia, India, and China C) Britain, Romania, Israel, and Colombia D) Brazil, Russia, Italy, and Chile Answer: B Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 3) According to the authors, which of the following groups or securities are at the "heart" to the global capital markets? A) debt securities issued by governments B) bank loans and corporate bons C) equity securities D) derivative securities Answer: A Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 4) ________ are the largest markets in the world. A) United States equity markets B) European debt markets C) Global currency markets D) Chinese export markets Answer:...
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...ABSTRACT This paper is intended to provide critical responses to the weaknesses of globalization and corruption in the world that we are currently living based on the mixed economic worldview which is my personal economic worldview which threatens to undermine the stability of economic and political development on both a national and global scale, and which requires both immediate and wide-ranging policy interventions. The recent concern with corruption is attributable, not to any substantive increase in corrupt practices, but rather, to the re-framing of corruption in light of broader shifts and transformations within the global economy. The historical context of globalization covers centuries. This paper reviews the types, forms as well as the consequences of corruption. The paper also reviews the issues associated with globalization and the effect it has on the lives of various individuals. It questions the view that, under certain conditions, corruption may enhance efficiency and argues that though corruption may benefit powerful individuals it will indubitably lead to greater inefficiency and a waste of resources at a macro-economic level. Table of Contents ABSTRACT i INTRODUCTION iii BACKGROUND iv Forms of Corruption vi 1.1 Bribery vi 1.2 Theft and fraud vi 1.3 Embezzlement vi 1.4 Nepotism vi 1.5 Conflict of Interest vi 1.6 Favouritism vii Types of Corruption vii 2.1. Grand corruption vii 2.2 Political corruption vii 2.3 Corporate corruption...
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...Globalization and Culture - John Tomlinson University of Chicago Press: Published 1999 ISBN: 0-226-80768-1 Chapter 1: Globalization and Culture Globalization lies at the heart of modern culture; cultural practices lie at the heart of globalization. This is the reciprocal relationship I shall try to establish in this chapter and explore in the chapters which follow. This is not a reckless claim: it is not to say that globalization is the single determinant of modern cultural experience, nor that culture alone is the conceptual key that unlocks globalization's inner dynamic. It is not, therefore, to claim that the politics and economics of globalization yield to a cultural account which takes conceptual precedence. But it is to maintain that the huge transformative processes of our time that globalization describes cannot be properly understood until they are grasped through the conceptual vocabulary of culture; likewise that these transformations change the very fabric of cultural experience and, indeed, affect our sense of what culture actually is in the modern world. Both globalization and culture are concepts of the highest order of generality and notoriously contested in their meanings. This book certainly does not aim at an exhaustive analysis of either: more modestly it tries to grasp the main elements of globalization in what might be called a cultural register. In this first chapter I offer an orientating understanding of the concept of globalization within this register...
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