The document discusses several aspects of globalization including its definition, the integration of economies, corporate expansion, and issues related to globalization. Globalization can be viewed as an economic, social, and cultural phenomenon driven by expanding trade ties between nations and the spread of capitalist institutions. Key factors enabling the integration of economies include technology, communication networks, and reductions in trade barriers. However, critics argue that globalization may exacerbate inequality and allow large corporations to exploit resources and workers.
In this day and age, there is a growing need to be part of a tribe, a group of like minded people and a common identity. Building a strong flow of communication inside your association or local host destination to find common ground is a necessity in the process of community building. It makes sense doesn't it? Listening to your members and partners demands? Starting and engaging in conversation with them? Join this session to learn not only how you can build a community, but more importantly how you can keep the level of engagement up after you've built it!
In this day and age, there is a growing need to be part of a tribe, a group of like minded people and a common identity. Building a strong flow of communication inside your association or local host destination to find common ground is a necessity in the process of community building. It makes sense doesn't it? Listening to your members and partners demands? Starting and engaging in conversation with them? Join this session to learn not only how you can build a community, but more importantly how you can keep the level of engagement up after you've built it!
CAMBRIDGE GEOGRAPHY A2 REVISION - PRODUCTION, LOCATION AND CHANGE: 11.3 MANUFACTURING AND RELATED SERVICE INDUSTRY. It contains: key terms and definitions, topic summary, additional work and suggested websites.
Trade theory by David Ricardo, Factor Price Equalization, Commodity Price Equalization, expanding consumer surplus, via trade liberalization, not protectionism
Introducton to international business
concept of international business
features of international business
scope of international business
nature of international business
trends in international business
opportunities in international business
challenges faced by international business
why go for international business
difference between international business and domestic business
these are certain notes that i prepared on Intoducton to international business
hope they help you
these are in a nutshell format.
This lecture reviews emerging markets, which historically have been labelled as quickly growing markets in Asia and South America (often also including South Africa and Russia). The BRICS (BRIIC) economies are discussed, and the concept of the 'global challenger' is introduced. Lastly, we review developing economies, primarily those in Sub-Saharan Africa, and the struggles they continue to face in their economic development.
CAMBRIDGE GEOGRAPHY A2 REVISION - PRODUCTION, LOCATION AND CHANGE: 11.3 MANUFACTURING AND RELATED SERVICE INDUSTRY. It contains: key terms and definitions, topic summary, additional work and suggested websites.
Trade theory by David Ricardo, Factor Price Equalization, Commodity Price Equalization, expanding consumer surplus, via trade liberalization, not protectionism
Introducton to international business
concept of international business
features of international business
scope of international business
nature of international business
trends in international business
opportunities in international business
challenges faced by international business
why go for international business
difference between international business and domestic business
these are certain notes that i prepared on Intoducton to international business
hope they help you
these are in a nutshell format.
This lecture reviews emerging markets, which historically have been labelled as quickly growing markets in Asia and South America (often also including South Africa and Russia). The BRICS (BRIIC) economies are discussed, and the concept of the 'global challenger' is introduced. Lastly, we review developing economies, primarily those in Sub-Saharan Africa, and the struggles they continue to face in their economic development.
2. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Globalisation
• Definition:
– An economic phenomenon?
– A social phenomenon?
– A cultural phenomenon?
• The movement towards the expansion
of economic and social ties between
countries through the spread of
corporate institutions and the capitalist
philosophy that leads to the shrinking
of the world in economic terms.
4. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Integration of Economies
• The increasing reliance of
economies on each other
• The opportunities to be
able to buy and sell in
any country in the world
• The opportunities for
labour and capital to
locate anywhere in the
world
• The growth of global
markets in financeStock Markets are now accessible
from anywhere in the world!
Copyright: edrod, stock.xchng
5. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Integration of Economies
• Made possible by:
– Technology
– Communication networks
– Internet access
– Growth of economic cooperation –
trading blocs (EU, NAFTA, etc.)
– Collapse of ‘communism’
– Movement to free trade
6. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Trade versus Aid?
• Benefits of Trade:
– Increased choice
– Greater potential
for growth
– Increase
international
economies of
scale
– Greater
employment
opportunities
Trade has led to massive increases in wealth
for many countries.
Copyright: budgetstock, stock.xchng
7. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Trade versus Aid?
• Disadvantages
of trade:
– Increase in gap
between the rich and
the poor
– Dominance of global
trade by the rich,
northern hemisphere
countries
– Lack of opportunities
for the poor to be able
to have access to
markets
– Exploitation of
workers and growers
How far does trade help children like
these?
Copyright: clesio, stock.xchng
8. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Corporate Expansion
• Multi-national
or trans-national
corporations
(MNCs or TNCs) –
businesses with
a headquarters
in one country but
with business
operations in a
number of others.
No matter where you go in the world, certain
businesses will always have a presence.
Copyright: mkeky, stock.xchng
9. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Corporate Expansion
• Characteristics:
– Expanding revenue
– Lowering costs
– Sourcing raw
materials
– Controlling key
supplies
– Control of
processing
– Global economies
of scaleControlling supplies may be one reason
for global expansion.
Copyright: rsvstks, stock.xchng
10. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Corporate Domination
• Key Issues:
– Damage to the
environment?
– Exploitation of labour?
– Monopoly power
– Economic degradation
– Non-renewable
resources
– Damage to cultures Shell and Nike’s activities have
come under severe criticism
in some quarters.
Copyright: Homsel, stock.xchng
11. http://www.bized.co.uk
Copyright 2007 – Biz/ed
Other Issues:
• Accountability
of Global businesses?
• Increased gap
between rich and
poor fuels potential
terrorist reaction
• Ethical responsibility
of business?
• Efforts to remove
trade barriers
There are plenty of people who believe that
globalisation is a negative development,
protests at the G8 summits, pollution, poverty
and concern over GM crops are just some of
the issues.
Copyright: stock.xchng