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GLOBALISATION AND INDIA
- 3. Bellows College Introduction to International Business It's important to focus on how we can strengthen international trade 3 Business activities done across national borders is International Business. The International business is the purchasing and selling of the goods, commodities and services outside its national borders. which, the organization explores trade opportunities outside its domestic national borders to extend their own particular business activities Basically international business is a cross border transaction between individuals, businesses, or government entities.The transaction can be of anything that has value, examples include – Physical Goods Services such as banking, insurance, construction, etc. Technology such as software, arms, and ammunition, satellite technology, etc. Capital and Knowledge
- 4. Bellows College IMPORT AND EXPORT LICENSING FRANCHISE 4 TYPES OF INTERNATIONAL BUSINESS
- 5. Bellows College FDI JOINT VENTURE TYPES OF INTERNATIONAL BUSINESS 5 OUTSOURCING
- 8. Globalization is a social, cultural, political, and legal phenomenon. Socially, it leads to greater interaction among various populations. Culturally, globalization represents the exchange of ideas, values, and artistic expression among cultures. Globalization also represents a trend toward the development of single world culture. Politically, globalization has shifted attention to intergovernmental organizations like the United Nations (UN) and the WorldTrade Organization (WTO). Legally, globalization has altered how international law is created and enforced.
- 9. Bellows College CAUSES OF GLOBALISATION 9
- 10. Bellows College 10 IMPROVED COMMUNICATION Improved technology which makes it easier to communicate and share information around the world. E.g. internet. This enables firms to communicate on a global level, this may overcome managerial diseconomies of scale.The firm may be able to get cheaper supplies by dealing with a wider choice of firms.
- 11. Bellows College 11 IMPROVED TRANSPORT Improved transport, making global travel easier. For example, there has been a rapid growth in air travel, enabling greater movement of people and goods across the globe. Containerisation. From 1970, there was a rapid adoption of the steel transport container.This reduced the costs of inter-modal transport, making trade cheaper and more efficient.The development of refrigerated and container transport allowed the east movement of bulk mass movement.
- 12. Bellows College 12 FREE TRADE AGGREMENT Reduced tariff barriers which encourage global trade. Often this has occurred through the support of theWTO. MNCs and rich capitalist countries have always promoted global free trade as a way of increasing their own wealth and influence.international organisations such asWTO and IMF also promote free trade.
- 13. Bellows College 13 GLOBAL BANKING When US banks suffered losses due to the sub-prime mortgage crisis, it affected all major banks in other countries who had bought financial derivatives from US banks and mortgage companies. In the past few decades, there has been a general reduction in capital barriers, making it easier for capital to flow between different economies.This has increased the ability for firms to receive finance. It has also increased the global interconnectedness of global financial markets.
- 14. Bellows College 14 GROWTH OF MNCS Growth of multinational companies with a global presence in many different economies the rapid growth of big MNCs such as Microsoft mcDonalds and nike is cause as well as consequence of globalisation.
- 15. Bellows College 15 EFFECTS OF GLOBALISATION
- 16. The overuse and abuse of natural resources to meet new higher demands in the production of goods. More trade means more fossil fuels which means more threat to the environment In the global economy jobs are becoming more temporary and insecure A survey of indian workers showed that people now hold 5 to 7 jobs over their working life. There is growing awareness of the negative impacts of globalization. People have begun to realize that it can br challenged by communitied supporting each other in communities in socities and business
- 17. Because mncs search for the chepest locations to manufacture ans assemble components production processes may be moved from developed to developing countries where costs are lower. Food supply is no longer tied to the seasons. We can buy food at any time in anywhere the world. Websites such as youtube connects people across the planet. As the world becomes more unified diverse cultures are being ignored
- 18. Bellows College GLOBALISATION AND INDIA 18 ASSET OR BURDEN GOOD OR BAD
- 19. Bellows College INCREASINGJOBS MORECHOICES AMONG CUSTOMERS ECONOMIC IMPACT 19 MORE DISPOSABLE INCOME The advent of foreign companies and growth in economy has led to job creation.The last decade came to be known for its jobless growth. People in cities working in high paying jobs have greater income to spend on lifestyle goods.There has been an increase in the demand of products like meat, egg, pulses, organic food . Globalisation has led to a boom in consumer products market.We have a range of choice in selecting goods unlike the times where there were just a couple of manufacturers.
- 20. Bellows College SHRINKING AGRICULTURAL SECTOR HEALTHCARE COSTS 20 CHILD LABOUR Agriculture now contributes only about 15% to GDP.The international norms imposed by WTO and other multilateral organizations have reduced government support to agriculture.Greater integration of global commodities markets leads to constant fluctuation in prices. Globalization most directly exploits an estimated 300,000 Indian children who work in India’s hand-knotted carpet industry, which exports over $300 million worth of goods a year. Greater interconnections of the world has also led to the increasing susceptibility to diseases.Whether it is the bird-flu virus or Ebola, the diseases have taken a global turn, spreading far and wide.
- 21. Bellows College BICULTURAL IDENTITY 21 SOME MORE EFFECTS
- 26. Bellows College 26 SUCCESSFUL INDIAN COMPANIES
- 27. Bellows College 27 SIMRAN SINGH A PRESENTATION BY:-