...Globalization: Changing the World’s Economy Globalization is the process by which the interaction of economic, political, cultural, and environmental systems across geographical borders are accepted as part of a more integrated and interdependent world economy. Some people view it as an exchange of people, goods, ideas, capital, and cultures across national borders linked by the development of modern technologies, such as the Internet (Globalization, 2007). In the last few decades, the advantages of globalization have been debate because some argue that it is good for the world economy, while others argue that it can cause catastrophic economic and environmental consequences. Although globalization has some negative effects, such as increasing income inequality between the poor and the rich, its positive effects outweigh the costs. Therefore, globalization improves countries’ economic growth, people’s standard of living, and information technology. Many people believe that the concept of globalization was caused by the liberation of markets after the post-war monetary agreements, such as the Breton Woods System. However, globalization has already been in practice for centuries all over the world. These agreements accelerated globalization because they helped to open new markets in different countries, and reduced trade barriers through the General Agreement on Tariffs and Trade (GATT). Some archeologists found evidence of trade between the Roman Empire and Sri Lanka, and some...
Words: 2503 - Pages: 11
...Globalization and Health Care Samuel Palmer Week One Assignment One IBA301.90 Author Note Samuel Palmer, Business Administration-Marketing Major, Post University, Waterbury, CT. Merriam-Webster defines globalization as 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. Same can be said for health care. With rising costs, patients and health care systems have begun to look abroad for services and employees. I will address three questions in relation to the globalization of health care in this essay. Firstly, is globalization of health care good or bad for patients? Second, who might benefit from the globalization of health care? And lastly, who might lose with the globalization of health care? Is globalization of health care good or bad for patients? This depends on who the patient is. For the United States, globalization means plainly the exporting of patients to other countries and the importing of medical services from other countries. With lower medical costs in other countries, patients now have the option to travel to those countries to receive care. Of course these patients inherit travel costs and any other necessary expenses associated with the travel, but is it not worth it to get better? U.S. medical facilities are now incorporating medical collaboration from physicians in other countries, where the need to be physically present is...
Words: 788 - Pages: 4
...Mashell Chapeyama Uopeople What ways has globalization not worked Globalization has not worked in a number of ways. One reason is how the rules evolved due to globalization. Most of the rules favour developed countries. They leave the poorer countries worse off. Globalization has increased a lot of imbalances. For example instead of funds moving from richer countries to poorer ones the reverse is true. A lot of resources are moving from poor countries to richer ones. There has also been an imbalance on investment in technology. Technology advanced in rich countries. In poorer off countries technology has lagged behind, meaning that richer countries would benefit. Debts of poor countries are a sign that globalization has failed to work. Poor countries get short term loans. The rich countries peg the moneys in hard currency such as GBP or USA$. So when countries accrued interest payable, it is too big if translated into domestic currencies. This means that poor countries get poorer, yet richer countries become even richer. What are the principal causes? The real causes of such imbalances and problems are many. One problem is that of ideas promulgated by IMF and World Bank, through their policies. They give policies that are “one size fit all type.” This means that some countries cannot afford those measures. One underlying issue is that economic globalization has fast-paced political globalization. Economic globalization requires countries to integrate and be interdependent...
Words: 2968 - Pages: 12
...Case – Globalization of Health Care 1. Some of the developments are a. American insurance companies beginning to cover treatments performed in other countries. i. This is a cost saving experiment. The potential of cost avoidance could be in the billions. I’m sure they will study the submissions to ensure no residual infections or secondary conditions arise from the overseas procedure. b. Uninsured patients are seeking cheaper care outside of the US borders. i. This may be altered by the newly upheld Obamacare mandate, but it is still a huge savings for the patient, if they have out of pocket expenses that would be considered “co-pays”. c. Foreign hospitals and doctors being better equipped, ranked, staffed, and trained than most American hospitals and medical staff. i. This should be a wake-up call for their American counterparts, but, in this economic and political climate, it will go unanswered. 2. . a. The beneficiaries are the patients who can get equitable or better care for less out of pocket expense. The insurance companies also benefit as they will see a cost avoidance by authorizing and covering the treatment. The country will benefit from the additional tourism (from the improved perception) and the added revenues. b. The losers are the American hospitals. They are suffering lost income, they are losing their reputations, and they are losing potential trained medical staff that may come over for their educations and would have stayed, but instead, they are...
Words: 554 - Pages: 3
...Globalization impact on healthcare Faculty Advisor; Prof. Peter Carrillo Student; Mohamed Osman National University 03/31/2013 Table of Contents Abstract 3 Problem Statement 4 Globalization and Poverty 5 Globalization and Climate Change 7 Globalization and Immigration / Emigration 8 Globalization and Communicable / Non-Communicable Diseases 9 Conclusion 12 References 13 Globalization impact on healthcare Globalization is the process of promotion of economic integration, communication exchange, cultural diffusion and travel, which facilitate the exchange and connection between nations, commerce and individuals. The effect of globalization on healthcare and individuals is complex. The globalization of healthcare has provided opportunities for many organizations to rapidly develop their products and to expand their network of customers also global transportation and the communications revolution enabled rapid response to epidemics and catastrophes. On the flip side, the rapid mobility of people across borders, the spread of infectious diseases is a great threat to everyone, particularly in poor developing countries. “Today, no microbe in the world is more than 24 hours away from the gateways of every industrialized country, and what incubates today in the tropical rain forest can emerge tomorrow in a temperate suburb.” --Nils Daulaire (Kelley, 2005) The link between globalization and global warming and environmental...
Words: 2745 - Pages: 11
...Globalization has indeed brought a lot changes in the International System which does constitute smaller actors like those from the third world countries especially Africa. Globalization can be said to be a unitarization factor of the world hence making the world look like one whole entity. Globalization has both positive and negative impacts to Africa as a continent. It is no doubt that globalization has promoted greater respect for human rights, democracy, liberalized trading, technology, and contributed to the development of African press. This has strongly opened African countries to far greater scrutiny than in the past, making life hard for African governments to get away with excessive and blatant abuses of democratic leadership governance and transparency. Moreover, the technological revolution presupposes the free movement of goods, information, and people across national boundaries. It has an effect on employment patterns worldwide by the contribution to a great deal of outsourcing which is one of the best organizational and industry structure shifts these changes the way business operates. Further, Globalization is changing organizational structures where expenses can move up or down as the business climate dictates. In terms of positive economic opportunities globalization is the establishment of new economic opportunities for corporations, small businesses, through the access to global markets. Kenya has benefited from globalization by increasing the share of exports...
Words: 3766 - Pages: 16
...Bisht et al. Globalization and Health 2012, 8:32 http://www.globalizationandhealth.com/content/8/1/32 REVIEW Open Access Understanding India, globalisation and health care systems: a mapping of research in the social sciences Ramila Bisht1*, Emma Pitchforth2 and Susan F Murray3 Abstract National and transnational health care systems are rapidly evolving with current processes of globalisation. What is the contribution of the social sciences to an understanding of this field? A structured scoping exercise was conducted to identify relevant literature using the lens of India – a ‘rising power’ with a rapidly expanding healthcare economy. A five step search and analysis method was employed in order to capture as wide a range of material as possible. Documents published in English that met criteria for a social science contribution were included for review. Via electronic bibliographic databases, websites and hand searches conducted in India, 113 relevant articles, books and reports were identified. These were classified according to topic area, publication date, disciplinary perspective, genre, and theoretical and methodological approaches. Topic areas were identified initially through an inductive approach, then rationalised into seven broad themes. Transnational consumption of health services; the transnational healthcare workforce; the production, consumption and trade in specific health-related commodities, and transnational diffusion of ideas and knowledge...
Words: 11974 - Pages: 48
...▪ Rape………………………………………………………... ▪ Dowry Deaths…………………………………….…………. o Prostitution………………………………………………...………. o Porn……………………………………………………………….. STDs, HIV/AIDS …………………………………………………………….. Contraception, Abortion, and Population Planning ………………………. References ……………………………………………………………………. Appendix ……………………………………………………………………... The Effects of Globalization on Sexuality in India Abstract: Globalization has an impact on all aspects of life, including the construction, regulation and imagination of sexuality and gender. This paper aims to suggest some of the ways in which this impact is occurring, primarily in India, with some emphasis on questions of HIV, sexual identity, and human and sexual rights. In issues of sexuality, as in other spheres, globalization increases inequalities, acting both as a liberating and oppressive influence. Key Issues: interpersonal heterosexual behaviors; unconventional sexual behaviors; homosexuality; contraception, abortion, population planning; STDs; HIV/AIDS;; The Effects of Globalization on Sexuality in India During the 2002 Gay Games in Sydney a number of...
Words: 7088 - Pages: 29
...and analyze how globalization and other factors have had an impact on them from a social, political, and economic perspective. During the late part of the 20th century, the International Monetary Fund and other organizations collaborated with countries that were struggling economically and offered financial assistance and the creation and implementation of policies. Globalization has had a significant impact on countries around the world; both positive and negative outcomes have resulted from various factors pertaining to globalization. Revolutions such as the Arab Spring uprisings have been influenced by aspects of globalization, such as the changing political sphere and the unstable economic market. Furthermore, the revolutions are more successful in contemporary times as opposed to fifty or one hundred years ago because globalization has provided the world with many comforts, such as the convenience individuals possess in the usage of technology—namely social networking websites. Therefore, it is important to analyze and examine the social, political, and economic changes that have been brought about by globalization, the changing global-politics, as well as social and economic issues that may have caused by or formed after military conflict. India and Vietnam are two countries that are quite similar in terms of GPD per capita rates, life expectancy, and other factors and are a perfect set of nations to examine and analyze in terms of the impact globalization has had on them...
Words: 5002 - Pages: 21
...overall affect of this globalization has yet to be realized, but in the short term for the middle and lower class echelon of thee fore mentioned economies, globalization has been devastating. In the first few pages of Chapter 1 “International Business (Competing in the Global Marketplace)” an example is given referencing the necessity for international healthcare due to the rising cost and inaccessibility to quality healthcare in the United States. The most interesting part of this example to me was the following statement. “Some insurance companies are starting to experiment with payment for foreign treatment at internationally accredited hospitals”. (Hill, 2011) Initially I found this statement comforting in the fact that insurance companies were thinking outside of a microeconomic healthcare model in order to better serve the people that they insure. On a larger scale this statement is disconcerting. It is disconcerting in the fact that everything associated in our healthcare system from equipment supply to the education and utilization of our medical professionals is either being mismanaged or financial gouged by government and the private market. As a result of the gauging, like any other business cheaper goods and services are being sought out elsewhere. It is astounding that it is cheaper to fly to another country and have a major surgical procedure performed at a quarter of the cost then it would be if performed in the United States. “Globalization refers to the shift...
Words: 1091 - Pages: 5
...business to want to encounter the goal and to do so in both an appropriate and a profitable way. Lastly, controlling is the ongoing performance of studying the outcomes, keeping what works, and eliminating what is not working to successfully meet and possibly exceed the organization’s specified goals. Internal and External Factors The four functions of management significantly affect both internal and external factors. Internal factors are those that deal with the establishment directly, such as employees, personnel, the organization’s culture and values (Ochsner, 2013). External factors are those influences that come from outside the business, such as the economy, consumer demand, and globalization (Bateman, 2011). Successful management in all levels are those individuals...
Words: 2044 - Pages: 9
...Economic Impact of globalization in IndiaMultilateral agreements in trade, taking on such new agendas as environmental and social conditions. New multilateral agreements for services ,Intellectual properties, communications, and more binding on national governments than any previous agreements. Market economic policies spreading around the world, with greater privatization and liberalization than in earlier decades. Growing global markets in services. People can now execute trade services globally -- from medical advice to software writing to data processing , that could never really be traded before. Open Market policy -advantages Growing Indian Economy GDP – USD 1.36 trillion GDP growth rate – 9% Services contribution – 60-65% Balance of Trade – Negative balance should increase with surging imports versus exports Investment goal – USD 370 billion GDP – USD 1.16 trillion GDP growth rate – 9.5% Services contribution – 60% Balance of Trade – Negative balance should increase with surging imports versus exports Investment goal – USD 305 billion GDP – USD 590 billion GDP growth rate – 9% Services contribution – 54% Balance of Trade – USD (-)46.2 billion Investment goal – USD 250 billion 2010 2008 2006 105 105 135 145 167 103 125 204 231 287 682 191 237 398 453 0 200 400 600 800 1.000 1.200 1999-00 2002-03 2005-06 2006-07 2010* USD Billion Agriculture Industry Services Growing GDP Source: India...
Words: 1030 - Pages: 5
...Term Paper On GLOBALIZATION AND ITS IMPACTS ON BANGLADESH [pic] Prepared for: Dr. Nurul Islam Supervisor Department of Management Govt. Titumir College, Dhaka Prepared by: Mafia Bhuiyan Class Roll No : 547 Exam Roll No : 9613176 Registration No : 1632581 Session : 2009-2010 Department of Management Govt. Titumir College, Dhaka Date of Submission: March 7, 2013 Letter of Transmittal Dr. Nurul Islam Supervisor Department of Management Govt. Titumir College, Dhaka Subject: Submission of Term Paper. Dear Sir, We have the pleasure to present the report on “Globalization and its Impacts in Bangladesh.” This report is done to find out the concept of globalization and its effects on different sectors of Bangladesh and on its peoples’ life. It is conducted by our group under your supervisory advises. We offer you thank to allow us to do such job. To prepare this report, we have tried to devote our best effort and conducted extensive literature review to find out the study relevant materials. We sincerely hope and believe that our report will secure your approval and serve its purpose. During the process of preparation due to various constrains there may be some mistakes. However, we apologize for all those and beg your kind consideration in this regard. Finally, we hope that you would be kind enough to receive this report and bless us hearty. Thank you Sincerely Yours, …………………… Mafia Bhuiyan Class Roll...
Words: 10348 - Pages: 42
...relationships with society. it is not easy for all to achieve the required level of CSR. Establishing CSR is not a simple task, nor is it free from risks and problems. CSR requires support not only from shareholders and investors but also from customers, employees, and communities. Salman Khurshid, Minister of state for corporate Affairs, Government of India, made his standpoint on CSR very clear. Mr.Khurshid said that CSR should be quantifiable like carbon credits as corporate cannot behave irresponsibly in social responsibility and should act in, “enlightened self interest”. The ministry review of CSR projects to ensure that the funds are used in the genuine progress of society. CSR projects include encouragement of literacy and higher education ,grant of scholarship and aid to deserving young pupils of less privileged sections of society ,facilities for constructing schools, renovation of school buildings and other infrastructure .Besides ,the company also pays out for healthcare and family welfare development .The emphasis is also on development of infrastructure facilities –improvement of roads ,bridges ,street lighting ,draining system and progress of agriculture and cottage industries. Meaning of CSR: - Corporate social responsibility...
Words: 2070 - Pages: 9
...GLOBALIZATION AND PUBLIC HEALTH Although, recently there is a growing literature on the importance of globalization for health, the term globalization has for long been used in academic discourse, particularly within the social and political science but relatively new in the discussion within public health. While the processes of globalization are far from straight forward, the concept of health is as well a complex one, which result into no consensus either on the pathways and mechanism through which globalization affects the health of population or on the appropriate policy responses (woodward et al 2001). However, there has been a significant increase interest on the issue of globalization within public health, although a contested one, since authors on public health are still undecided not only on the exact conclusion on the impact of globalization on public health, whether bad or good, but also as to whether globalization has actually cemented its place in the public health lexicon. Nevertheless, it is know that a broad-based public health should take note of significant economic, political and social changes that determine and shape people’s health, and this definitely will call for a proper theoretical approach to globalization in understanding the nature of these contemporary economic, political and social changes (Stuart McClean in Orme et. al. 2007). This essay will describe the relationship between globalization and public health. It will first begin, by exploring...
Words: 4031 - Pages: 17
