...Introduction: Globalisation can be considered as one of the most essential phenomenon of our times. Ardalan (2009) described globalisation as a compression of time and space with huge intensification of economic, cultural, social and political interconnections on the global scale. A New Geo-economy by Peter Dicken (2003) Dicken (2003) believes that ‘something’ is happening out there. More industries are orientated towards global markets nowadays in which the increasing of internationalisation and globalisation can be considered as one of the most important development in the world economy. As a result, global division of labor has evolved to a specialisation of labors in different parts of the production processes without being limited by geographical constraints anymore. It leads firms in the industrial countries focus to produce manufactured goods, meanwhile the non-industrialised countries are specialised to supply raw materials or agricultural products to them. This process is not as simple as the theory because the fragmentation of production processes and geographical relocation has been involved in the present trade flow, however. In addition, the emergence of a new international financial is inevitable as well since the development of technologies of transport and communications has accelerated the global transactions (Dicken, 2003). But, there is no consensus whether that ‘something’ is a new thing or not. Some believe that a new globalised world economy has risen...
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...Opposition to Globalisation "Globalisation" is a term that became popular in the 1980's to describe the increased movement of people, knowledge and ideas, and goods and money across national borders that has led to increased interconnectedness among the world's populations, economically, politically, socially and culturally (Dreher,2008). Nowadays, the world is becoming more and more globalized. There is no country that can escape from globalisation. With globalisation, many countries get benefits from it. However, it also caused many negative effects from globalisation in many countries. As the ancient Chinese Philosopher Laozi said: “Good fortune follows upon disaster; Disaster lurks within good fortune; Who can say how things will end? Perhaps there is no end.” So it is natural to oppose globalisation. There are many arguments from different views. Some political scientists argue that globalization is making nation-states weaken and that the functions and power of nation-states will gradually take over by global (Dreher et al.,2008). Economists argue that businesses is becoming more competitive and more and more workers may be laid off due to greater competition. For environment, globalization is using up finite resources more quickly and globalization increases world greenhouse gas with carbon dioxide emissions which makes the air pollution worse. For cultural, the uniqueness of cultural is lost in favour of homogenization and a "universal culture" that draws heavily from...
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...familiar, examine the actual and potential impacts of globalisation on that company. Explain the reasoning behind the points you make. Evaluate possible strategies going forward which the company might use to respond to the impacts you have identified. 1. INTRODUCTION Globalisation is a word that is frequently being used by everyone, from politicians to businessmen and is often referred to closely united economies worldwide, with products, people and money moving easily; in greater volume and value throughout the world. It can be defined as “the process of transformation of local phenomena into global ones. It can be described as the process by which the people of the world are unified into a single society and function together. This process is a combination of economic, technological, sociocultural and political forces.” (Wall, Minocha and Rees, 2010, pg 14) Under the economist’s view point, globalisation focuses on: - • Growth of international trade • Increase in international capital flows • The developing control of multi-national company’s (MNCs) into the domestic and global markets Globalisation is not new, but is “a product of the industrial revolution. Britain grew rich in the 19th century as the first global economic superpower,” (BBC, 2011) due to its greater manufacturing technology and improved global communications such as steamships and railroads. However the possibility speed and scale of globalisation has accelerated radically since World War...
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...4/8/2012 | China and India now are widely acknowledged as the planet’s next economic superpowers | The Context China and India are two neighbouring countries in Asia who share the two largest population of the world and in fact added together they represent nearly one third of humanity. Globalisation has imposed internal pressure and external pressure to bear on both India and China. For most Chinese and Indians alike, economic life is hard despite the fact that reforms and globalisation have created various new opportunities and as such both countries have witnessed an emerging middle class with Americanised tastes and preferences, irrespective of this however, both countries remain very poor. Although the two countries went to war in 1962 due to some border dispute, they have since tried to normalise relations and in 1995 for the first time trade had exceeded US$1 billion between them. They have lately received a lot of international attention being viewed as emerging giant economies as they both play key roles at the international level. For example China has been a permanent member of the Security Council at the UN, while India who has lead the Non-Aligned Movement for years and is still vying for a similar position. Furthermore, India has been one of the founding members of the WTO and has played a prominent role as one of the developing nations whereas China has had to fight for decades to obtain its admission into this international organisation. While both...
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...level or international level. These environmental forces provide opportunities or threats to the business community. Every business organization tries to grasp the available opportunities and face the threats that emerge from the business environment. The term business ‘typically’ refers to the development and processing of economic values in society. Normally, the term is applied to portion of economic activities whose primary purpose is to provide goods and services for society in an effective manner. It is also applied to economics and commercial activities of institutions which having other purposes. Business may be defined as “the organised effort by individuals to produce goods and services to sell these goods and services in a market place and to reap some reward for this effort.” Functionally, we may define business as “those human activities which involves production or purchase of goods with the object of selling them at a profit margin”. Business organizations cannot change the external environment but they just react. They change their internal business components (internal environment) to grasp the external opportunities and face the external environmental threats. It is, therefore, very important to analyze business environment to survive and to get success for a business in its industry. It is, therefore, a vital role of managers to analyze business environment so that they could pursue effective business strategy. A business firm gets human...
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...level or international level. These environmental forces provide opportunities or threats to the business community. Every business organization tries to grasp the available opportunities and face the threats that emerge from the business environment. The term business ‘typically’ refers to the development and processing of economic values in society. Normally, the term is applied to portion of economic activities whose primary purpose is to provide goods and services for society in an effective manner. It is also applied to economics and commercial activities of institutions which having other purposes. Business may be defined as “the organised effort by individuals to produce goods and services to sell these goods and services in a market place and to reap some reward for this effort.” Functionally, we may define business as “those human activities which involves production or purchase of goods with the object of selling them at a profit margin”. Business organizations cannot change the external environment but they just react. They change their internal business components (internal environment) to grasp the external opportunities and face the external environmental threats. It is, therefore, very important to analyze business environment to survive and to get success for a business in its industry. It is, therefore, a vital role of managers to analyze business environment so that they could pursue effective business strategy. A business firm gets human...
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...Economy of India From Wikipedia, the free encyclopedia Jump to: navigation, search Economy of The Republic of India | Mumbai, financial center of India | Rank | 10th (nominal) / 3rd (PPP) | Currency | 1 Indian Rupee (INR) () = 100 Paise | Fiscal year | 1 April – 31 March | Trade organizations | WTO, SAFTA, G-20 and others | Statistics | GDP | $1.843 trillion (nominal: 10th; 2011)[1]$4.469 trillion (PPP: 3rd; 2011)[1] | GDP growth | 6.9% (2011-12)[2] | GDP per capita | $1,527 (nominal: 135th; 2011)[1]$3,703 (PPP: 127th; 2011)[1] | GDP by sector | agriculture: 18.1%, industry: 26.3%, services: 55.6% (2011 est.) | Inflation (CPI) | 6.89% (March 2012)[3] | Population below poverty line | 37% (2010) (Note: 42% live less than $1.25 a day)[4] | Gini coefficient | 36.8 (List of countries) | Labour force | 487.6 million (2011 est.) | Labour force by occupation | agriculture: 52%, industry: 14%, services: 34% (2009 est.) | Unemployment | 9.8% (2011 est.)[5] | Average gross salary | $1,330 yearly (2010) | Main industries | telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals | Ease of Doing Business Rank | 132nd[6] (2011) | External | Exports | $303.7 billion (2011 est.) | Export goods | petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel | Main export partners | US 12.6%, UAE 12.2%, China 8...
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...1.0 INTRODUCTION What is Strategic Human Resource Management (SHRM)? According to the Chartered Institute of Personnel and Development (2015), strategic human resource management (strategic HRM, or SHRM) is an approach to managing human resources that supports long-term business goals and outcomes with a strategic framework. The approach emphases on longer-term people issues, matching resources to future needs as well as macro-concerns about structure, quality, culture, values and commitment. It is necessarily dependent on the evolving nature of work itself. As mentioned by Stone (2013), because human resource management (HRM) seeks to strategically integrate the interests of an organisation and its employees, it is much more than a set of activities relating to the coordination of an organisation’s human resources. HRM is a major contributor to the success of an enterprise because it is in a key position ‘to affect customers, business results and ultimately shareholder value’. Stated by Gratton (2000), ‘The new sources of sustainable competitive advantage available to organisations have people at the centre – their creativity and talent, their inspirations and hopes, their dreams and excitement. The companies that flourish in this decade will do so because they are able to provide meaning and purpose, a context and frame that encourages individual potential to flourish and grow’. Stone (2013) mentioned that HRM is either part of the problem or part of the solution in...
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...A HANDBOOK FOR VALUE CHAIN RESEARCH Prepared for the IDRC by Raphael Kaplinsky and Mike Morris* We are grateful to colleagues in both our individual institutions and in the Spreading the Gains from Globalisation Network (particularly those participating in the Bellagio Workshop in September 2000) for discussions around many of the issues covered in this Handbook and also to Stephanie Barrientos, Jayne Smith and Justin Barnes. An Important Health Warning or A Guide for Using this Handbook Lest anyone feel overwhelmed by the depth of detail in this Handbook, especially with respect to the sections on methodology, we would like to emphasise at the outset: this Handbook is not meant to be used or read as a comprehensive step by step process that has to be followed in order to undertake a value chain analysis. We know of no value chain analysis that has comprehensively covered all the aspects dealt with in the following pages, and certainly not in the methodologically sequential Handbook set out below. Indeed to try and do so in this form would be methodologically overwhelming, and would certainly bore any reader of such an analysis to tears. Our intention in producing a Handbook on researching value chains is to try and comprehensively cover as many aspects of value chain analysis as possible so as to allow researchers to dip in and utilise what is relevant and where it is appropriate. It is not an attempt to restrict researchers within a methodological strait-jacket...
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... Saint-Petersburg 2012 Contents Contents 2 Economic inspection in South Africa 3 The New Growth Path and Industrial Policy Action Plan 8 Investment promotion and facilitation 12 South Africa’s investment landscape 16 Government management of incentives program 19 Catalogue of incentives 20 About PEST and SWOT 22 PEST analysis 23 SWOT Analysis: 26 Соnclusion 28 Sources 30 Economic inspection in South Africa Trade and investment policies are critical for addressing the development challenges of Africa and achieving sustainable economic growth for the region. EDIP's work is broadly divided into three streams: (1) Research on global economic governance in order to understand the broader impact on the region and identifying options for Africa in its participation in the international financial system. (2) Issues analysis to unpack key multilateral (World Trade Organisation), regional and bilateral trade negotiations. It also considers unilateral trade policy issues lying outside of the reciprocal trade negotiations arena as well as the implications of regional economic integration in Southern Africa and beyond. (3) Exploration of linkages between traditional trade policy debates and other sustainable development issues, such as climate change, investment, energy and food security. SAIIA (South African Institute of International Affairs) gratefully acknowledges the Swedish International...
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...CHAPTER 01 INTRODUCTION 1.1. BACKGROUND Just twenty years ago, the dismantling of Cold War division in Europe began with parliamentary changes in Poland (Bochniarz and Cohen 2006). These changes initiated a domino effect in transformation of other Central and Eastern European countries (CEE); the transformation of Romania, East Germany, Hungary, Czechoslovakia, and Bulgaria was soon followed by sweeping changes in Russia and Central Asia, affecting more than 400 million people (Chandler 2000). Needless to say, however, the transformation of Central and Eastern Europe near the climax of the 80s took the European Community (EC) by surprise. In the pre1989 era, the EC exercised only a limited relationship with CEE countries and showed no serious interest for a European project of political and economic integration that would include any of the CEE states. According to Gower (1999), this inability to foresee the potential of the CEE region strongly reflects the ineffectiveness in the EC policies. Shortly after transition to democracy, ten CEE states (Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia) declared their utmost desire to join the “family of Europe” (Andonova 2004). As the idea of EU membership for these newly independent democracies in Central and Eastern Europe started to gain some serious ground in the early 90s, the debate over enlargement and its economic, social and The first chapter is like a long foreword...
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...CHAPTER ONE THE THEORETICAL FRAMEWORK: CONCEPTS AND PROBLEMATICS OF THE KNOWLEDGE SOCIETY CHAPTER ONE THE THEORETICAL FRAMEWORK: CONCEPTS AND PROBLEMATICS OF THE KNOWLEDGE SOCIETY Introduction This chapter presents a general theoretical framework for the knowledge society, based on four major axes linked by the concerns and issues invoked by the project to create a “knowledge society” as an integral part of a comprehensive programme of Arab renaissance. The first of these axes presents the premises and principles guiding the knowledge society. The second deals with the conceptual structure of the discourses that have attempted to shed light on the changes in modern societies since the information revolution. Here we have constructed an operational definition of the knowledge society in the Arab world, based on the ideas put forward in the Report’s various chapters. The third axis constructs the systems of reference that have guided, and continue to guide, knowledge discourse in the contemporary world and allows us to become acquainted with the dimensions and options underlying earlier reports on the same topic. The fourth axis examines some of the problematic issues posed today by information and knowledge development in contemporary society, believing that reflection on these issues will influence efforts to close knowledge gaps in the Arab world and achieve comprehensive human development. While subsequent chapters of the Report examine the quantitative and qualitative...
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...Role of local Government ministry In Bangladesh economy Submitted to Shahnawaz Mohammad Rafi Faculty of Economics American International University-Bangladesh Submitted by Islam Md. Ashraful 09-14107-2 Mow Farzana Sultana 09-18984-2 Dewanjee Tushar Kanti 09-13918-2 Md. Faisal Al Imran 09-13998-2 Imtiaz Ashfaq 09-13932-2 Islam Md. Rashedul 09-14203-2 Role of local Government ministry In Bangladesh economy Bangladesh is a poor country. Most of the people live below the poverty line. Our GDP depends on Agriculture and industry. As a newly independent (1971) country Bangladesh is struggling with huge population, low per capita income, mass poverty, unemployment and underemployment, illiteracy, child labor, malnutrition, corruption, and related social problems. The economy of the country is poor and based on the rural agricultural sector, but natural disasters - mainly floods, affects the economy annually which delays economic progress. Rural-urban disparity in terms of per capita income, consumption, education, health facilities, and physical infrastructure is an important developmental issue in Bangladesh. The Government of Bangladesh and a significant number of non-government organizations (NGOs) are working to improve the socioeconomic conditions of rural poor people of the country. To improve the economic development of the country the local Government ministry should work for it. Bangladesh economy depends on some several sectors like...
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...future is more complex and less predictable than has usually been assumed. underlie typical linguistic change and describes the way large corporations have briefing document, written for educationists, politicians, managers – indeed any decision maker or planning team with a professional interest in the development of English worldwide. The book has been commissioned by the British Council to complement the many texts already available about the teaching and learning of English, the history and used ‘scenario planning’ as a strategy for coping with unpredictable futures. Section three outlines significant global trends which will shape the social and economic world in the 21st century. Section four discusses the impacts these trends are The Future of English? takes stock of the development of English and the diversity of forms of English worldwide. It is present, apparently unassailable, position of English in the world and asks whether we intended to stimulate constructive debate about the future status of English which can expect its status to remain unchanged during the coming decades of can inform policy developments both in the...
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...RETHINKING THE EAST ASIAN MIRACLE JOSEPH E. STIGLITZ AND SHAHID YUSUF Editors RETHINKING THE EAST ASIA MIRACLE JOSEPH E. STIGLITZ AND SHAHID YUSUF Editors A copublication of the World Bank and Oxford University Press i Oxford University Press Oxford • New York • Athens • Auckland • Bangkok • Bogotá • Buenos Aires • Calcutta • Cape Town • Chennai • Dar es Salaam • Delhi • Florence • Hong Kong • Istanbul • Karachi • Kuala Lumpur • Madrid • Melbourne • Mexico City • Mumbai • Nairobi • Paris • São Paulo • Singapore • Taipei • Tokyo • Toronto • Warsaw and associated companies in Berlin • Ibadan © 2001 The International Bank for Reconstruction and Development / The World Bank 1818 H Street, N.W., Washington, D.C. 20433, USA Published by Oxford University Press, Inc. 198 Madison Avenue, New York, N.Y. 10016 Oxford is a registered trademark of Oxford University Press. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Cover design and interior design by Naylor Design, Washington, D.C. Manufactured in the United States of America First printing June 2001 1 2 3 4 04 03 02 01 The findings, interpretations, and conclusions expressed in this study are entirely those of the authors and should not be attributed in any manner to the World Bank, to its affiliated organizations...
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