...increased globalisation on international air traffic activity – past trends and future perspectives. 2 TABLE OF CONTENTS NOTE FROM THE SECRETARIAT .............................................................................................................2 THE IMPACT OF GLOBALIZATION ON INTERNATIONAL AIR TRANSPORT ACTIVITY - PAST TRENDS AND FUTURE PERSPECTIVE ....................................................................................................5 1. 2. 3. Introduction ..........................................................................................................................................5 Globalization and internationalization ..................................................................................................5 The Basic Features of International Air Transportation .......................................................................6 3.1 Historical perspective ..................................................................................................................6 3.2 The modern industry....................................................................................................................8 4. The effect of globalization on airline markets...
Words: 4313 - Pages: 18
...Globalization is necessary in the world. Different theories on the concept of globalization provide distinct reasons on the need for globalization. The world’s advancements and technology help drive the need for globalization. Communities and organizations alike are affected by globalization, and smaller countries benefit from the generosity of larger participants in the world’s market. Globalization, in the business sense, is to make a product or service available in the global market. Any investment that is across national borders is also part of globalization.... [tags: Business International Globalization] 1326 words (3.8 pages) $6.95 [preview] The Implications of Hyperglobalist Globalization on World Regions - Even though the globalization skeptics and the transformationalists both have viable interpretations of globalization, I believe that the hyperglobalist perspective is the most accurate. The evidence for hyperglobalization is found all over the world, but for the purposes of this paper, I will focus on the expansion of NAFTA, the 2004 Indian Elections, and the increasing global outsourcing of labor. I will then outline the implications of hyperglobalist globalization on world regions and the regional approach.... [tags: Globalization ] :: 4 Works Cited 1208 words (3.5 pages) $19.95 [preview] Globalization and Interconnectivity - Fast Globalization and interconnectivity create the major driving force in creating and enhancing chance. Therefore, the society...
Words: 537 - Pages: 3
...Economic Implications 4.1 Advantages of globalisation 2 4.2 Disadvantages of globalisation 4 5.0 Conclusion 5 6.0 References 6 7.0 Appendices 7 1.0 Executive Summary While research was being done for this assignment, the article “Hong Kong surpasses S’pore as world’s most globalised economy” (Tao, 25 January 2011) piqued my interest, especially the word globalisation. I have heard about the word globalisation but have never understood what it really meant. This essay will explain briefly what globalisation is, and highlight the key economic implications with reference to Singapore, by attempting to explain how globalisation affects the economy. 2.0 Introduction “Globalization (or globalisation) describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade. The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence. The term can also refer to the transnational circulation of ideas, languages, or popular culture through acculturation.” (Tao, (n.d.) ) 3.0 Key Economic Issue The key economic issues in the article is the about the phenomenon known as globalisation. 4.0 Economic Implications Globalization has...
Words: 1315 - Pages: 6
...Chapter 1 Assignment 1. Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international businesses based in Great Britain? North America? Hong Kong? Over the last 30 years, there has been a shift away from a world in which national economies were relatively self-contained entities, isolated by barriers to cross-border trade and investment, and by national differences in government regulation, culture, and business systems; and moving toward a world where barriers to cross-border trade and investment are declining, material cultures are becoming similar, and national economies are merging into an integrated, interdependent global economic system. As companies from Japan and emerging markets like China play a more vital role in the world economy, the dominance of companies from the United States and Western Europe has diminished. Significant implications for British firms involve looking beyond Europe and America for investment and opportunities. Consumer spending power is growing quickly in developing countries. For North American companies, the same holds true, although the importance of the growing prosperity in Latin America suggests a potentially huge market in “their backyard.” Hong Kong is perceived as the gateway to the immense market of mainland China. Since Hong Kong firms are now less taken for granted, access to China is improving along with the move towards a market economy within China. International...
Words: 1336 - Pages: 6
...What Is Globalization? 6 The Globalization of Markets 6 The Globalization of Production 7 The Emergence of Global Institutions 9 Drivers of Globalization 11 Declining Trade and Investmen t Barriers 11 The Role of Technological Change 14 The Changing Demographics of the Global Economy 16 The Changing World Output and World Trade Picture 16 The Changing Foreign Direct Investment Picture 18 The Changing Nature of the Multinational Enterprise 19 The Changing World Order 22 The Global Economy of the Twenty-First Century 23 The Globalization Debate 24 Antiglobalization Protests 24 Globalization, Jobs, and Income 26 Globalization, Labor Policies, and the Environment 28 Globalization and,National Sovereignty 29 Globalization and the World's Poor 30 Managing in the Global Marketplace 31 Key Terms 33 Chapter Summary 33 Critical Thinking and Discussion Questions 34 Research Task 34 Closing Case: Legal Outsourcing 35 Introduction and Overview 2 Globalization 3 PART TWO Chapter Two Country Differences 36 National Differences in Political Economy 37 Opening Case: Ghana: An African Dynamo 37 Introduction 38 Political Systems 39 Collectivism and Individualism 39 Democracy and Totalitarianism 42 Economic Systems 44 Market Economy 44 Command Economy 45 Mixed Economy 45 Legal Systems 46 Different Legal Systems 46 Differences in Contract Law 47 Property Rights and Corruption 48 The Protection of Intellectual Property 51 Product Safety and Product Liability 53 Focus on Managerial Implications 54 Key...
Words: 2427 - Pages: 10
...Global Negotiations Article Analysis MGT/445 Global Negotiations Article Analysis Globalization has brought the world closer together and almost made it a requirement for businesses to develop plans and strategies to deal with different cultures. Businesses and managers must think on a more global scale and develop a global perspective to expand their businesses. In pursuing opportunities in the global marketplace, managers increasingly engage themselves in international business negotiations (Reynolds, Simintiras, & Vlachou, 2003). In this paper, I have decided to use an article that is an example of how a business failed in their negotiations overseas. I will also analyze the implications of globalization and technology on negotiation. International Negotiation Situation Article The article chosen for this paper involves Enron and their negotiations with the government of India and the Maharashtra State Electricity Board. The project proposal was for the construction of a US$3 billion power-plant in the town of Dabhol, situated on the Indian Ocean. There were many problems with the proposed project and the negotiations process that was undertaken by Enron. World Bank, acting as a consultant to the Indian government said that the project would produce an excess capacity of electricity for years and would be too costly in comparison to the more traditional sources of fuel, such as coal, already in use ("Enron’s Indian Negotiation Debacle...
Words: 818 - Pages: 4
...scenario developed at a much faster rate than what he imagined at that time. What is the current state of globalization and do you think Professor Levitt’s scenario will continue until we live in a “global village”? 1.1 Introduction As technology and communication capabilities increase, it may be safe to assume that the world is becoming more connected, with many countries becoming integrated to the world economy. This basic idea is called globalization and with it comes many benefits such as new opportunities in emerging markets and increased access to international trade. To many people, globalization is making the world flat meaning businesses can collaborate and operate across borders without regard to geography or distance in today’s modern technological, transportation and political landscape. Many businesses are beginning to realize the opportunities abroad made possible by an increasingly connected world. 1.2 Current State The current state of globalization can be judged from a dual sided perspective. Different parties and individuals have different views/stances on the good and bad of globalization as it currently exists in today's society. Globalization has created many rich and powerful but has left far more silent and suffering. Although many social ills have existed since the beginning of time, their abundance has greatly increased since Neo-Liberal Globalization was put into effect in the 1980's. In a recent study it was revealed that approximately forty to...
Words: 1649 - Pages: 7
...IBUS 410- Midterm Review Globalization * Definition: interdependent, integrate * Production- factors of production- land labor capital * Endowment theory * Lower overall cost * Markets- merging markets * Economies of scale * Institutions * Drivers- decline in barriers, tech changes * Implications: * Lower barriers: optimal location * Tech changes: lower costs * 4 trends in changing demographics * MNE- types of companies involved * Democratic politics, free market economies The World Is: * Prusak- distinguish information from knowledge (difference) * IMPORTANT- the issue of access to info- but no knowledge * Ghemawat- 10% presumption, factors of time zones, languages, proximity shows that distance does matter, the world isn’t flat Opportunities & Challenges of globalization for managers * Differences of managing international vs. domestic * Boeing: benefits of globalization maximize efficiency of production but actually caused problems; lack of planning, communication, not simple for this industry (knowledge intensive industry) better for in house Localization * Standardization is ending, consumers are diverse- customization for local * Data analysis & innovation * Centralized vs localized * SWOT analysis National Differences * Political economy- system of gov. Political, economic & legal influence each other. Collective vs individualism ...
Words: 669 - Pages: 3
...Chapter 01 Globalization Answer Key True / False Questions 1. As a result of globalization, we have been moving toward a world in which national economies are (p. 7) relatively self-contained entities. FALSE Over the past three decades a fundamental shift has been occurring in the world economy. We have been moving away from a world in which national economies were relatively self-contained entities. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-01 Understand what is meant by the term globalization. Topic: Introduction 2. By offering the same basic product worldwide, firms help to create a global market. TRUE Consumer products such as Citigroup credit cards, Coca-Cola soft drinks, video games, McDonald’s hamburgers, Starbucks coffee, and IKEA furniture are frequently held up as prototypical examples of this trend. The firms that produce these products are more than just benefactors of this trend; they are also facilitators of it. By offering the same basic product worldwide, they help to create a global market. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-01 Understand what is meant by the term globalization. Topic: What Is Globalization? 3. A company has to be the size of a multinational giant to facilitate, and benefit from, the globalization of markets. FALSE A company does not have to be the size of multinational giants to facilitate, and benefit from, the ...
Words: 87342 - Pages: 350
...Globalization in Business Donovan Chase PHL/320 12/22/2014 Bridget Peaco Globalization in Business Is globalization good or bad for your business? (1, premise) Globalization is viewed as either good or bad depending on your particular situation. For example, if you are an emerging growth industry, globalization represents a significant opportunity to access broader geographic markets, to accelerate growth and expand your business. (1, conclusion) However, if your business is an industry that has imploded due to the onslaught of global competition, or you have suffered a job loss due to downsizing or outsourcing you probably have a very negative view on globalization being good for business. Is Globalization “Good” Before we can decide what is good we need to have a definition of “good” as it relates to our topic. According to "Merriam Webster" (2014), Good is defined as something that is right or good. Something that has economic utility or satisfies an economic want. An example of good in the way we are defining it is the difference between good and bad. I personally feel that globalization is not good for the business of America. (2, premises) Globalization takes jobs away from people in the United States which raises the unemployment rate. (2, conclusion) Therefore, negatively impacting our economy. Workers can often be forced into accepting worsening...
Words: 800 - Pages: 4
...world economy over the past 30 years. What are the implications of these shifts for international businesses based in Great Britain? North America? Hong Kong? 2. “The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement. 3. How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes? 4. “Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in having a separate course on international business.” Evaluate this statement. 5. How do the Internet and the associated World Wide Web affect international business activity and the globalization of the world economy? 6. If current trends continue, China may be the world's largest economy by 2020. Discuss the possible implications of such a development for (a) the world trading system, (b) the world monetary system, (c) the business strategy of today's European and U.S.-based global corporations, and (d) global commodity prices. 7. Reread the Management Focus on Vizio and answer the following questions: a. Why is the manufacturing of flat-panel TVs migrating to different locations around the world? b. Who benefits from the globalization of the flat-panel display industry? Who are the...
Words: 324 - Pages: 2
...Banks to Microfinance Banks will enhance the assessment of women entrepreneurs to financial resources”. Discuss Evaluate the impact of SEEDS in the implementation of MDGs in Nigeria Analyze the impact of Globalization on the economic Development of Nigeria The incidence of the Niger Delta militants groups and its consequences to entrepreneurial development in Nigeria Evaluate the power, composition and functions of NDDC Assess the impact of the multinationals in the Nigerian Economy with regard to FDI and FPI Youths and entrepreneurial Development: Realty or Myth Evaluate the implementation of MDGs and the realization of the objectives by 2015. The effect of entrepreneurial development on poverty reduction The impact of privatization on Nigerian economic development and growth. Evaluate the impact of different reforms in the Nigerian reforms on the Nigeria economy. Women entrepreneurial development (WED) and poverty: what a paradox The impact of women entrepreneurs in SMEs on poverty alleviation Evaluate the cultural factors in Nigeria and entrepreneurial development. Evaluate the financial factors in Nigeria and entrepreneurial development. Evaluate the environmental factors in Nigeria and entrepreneurial development. Gender, entrepreneurship and globalization: Barriers and prospects. Intrapreneurship and achievement of organizational objectives Evaluate intrapreneurship as a motivational concept in an organization Assess the impact of entrepreneurship and...
Words: 1100 - Pages: 5
...Review Article Mumbai’s Development Mafia’s: Globalization, Organized Crime and Land Development Jordan Morrison 209148123 ENVS 4225: Urban Sustainability November 17, 2010 Mumbai’s Development Mafia’s: Globalization ,Organized Crime and Land Development LIZA WEINSTIEN International Journal of Urban and Regional Research Volume 32, Issue 1, pages 22-39, March 2008 Abstract For over a decade, researchers have analyzed the effects of liberalization and globalization on urban development, considering the local political implications of shifts at the national and global scales. Taking the case of Mumbai, this article examines how the past 15 years of political reforms in India have reshaped property markets and the politics of land development. Among the newly empowered actors, local criminal syndicates, often with global connections, have seized political opportunities created by these shifts to gain influence over land development. The rise of Mumbai's organized criminal activity in the 1950s was closely linked to India's macroeconomic policies, with strict regulation of imports fuelling the growth of black market smuggling. Liberalization and deregulation since the early 1990s have diminished demand for smuggled consumer goods and criminal syndicates have since diversified their operations. With skyrocketing real estate prices in the 1990s, bolstered by global land speculation, the mafia began investing in property development. Supported by an illicit nexus of politicians...
Words: 1092 - Pages: 5
...• 1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regional economies integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Globalization has affected the products people consume, the environment, culture, security, and idea exchange between different countries. There are many factors that lead to the speedy globalization trends. This acceleration inglobalization can be attributed to an increase in free-trade activities, emergingtechnologies, or the worldwide acceptance of markets. Globalization has affected cultures and economies on matters dealing withenvironmental destruction and availability of the already limited resources.Globalization has had diverse implications for environmental issues such as,pollution, deforestation, water resources climate change, and biodiversity loss. Therampant environmental problems have become the subject of international effortsbecause the effects are felt globally. The negative impacts of globalization focus onthe destruction on the environment that is export-oriented. On the other hand, thepositive impacts are the multinational companies research into technology that iseco-friendly...
Words: 1395 - Pages: 6
...| 22ND NOVEMBER 2015 | Date Submitted: | 22ND NOVEMBER 2015 | PLEASE NOTE | All assignments are the responsibility of the student.Ensure you keep a copy of your assignment before submitting. | Declaration: | I declare that, to the best of my knowledge and belief, this assignment is my own work, all sources have been properly acknowledged, and the assignment contains no plagiarism. This assignment or any part thereof has not previously been submitted for assessment at this or any other University.Signature: (Representative) ……….………………………….. (Lavannya Moorthy)Date: 22ND NOVEMBER 2015 | | Table of Contents CASE STUDY 01: IKEA – THE GLOBAL RETAILER 3 Question 1: How the globalization of market benefited IKEA? 3 Question 2: How has the globalization of product benefited IKEA? 3 Question 3: What does the IKEA story teach you about the limits of treating the entire world as a single integrated global marketplace? 4 CASE STUDY 03 : DHM- Shanghai 5 Question 1: Why do you think that it is so important to cultivate guanxi and guanxiwang in China? 5 Question 2: What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that obeyed all the rules and regulations, rather than trying to find a way around...
Words: 2336 - Pages: 10