This document discusses several topics related to globalization including: the meaning and forces behind globalization; the positive and negative effects of increased international trade, foreign direct investment, and consumerism; protectionism; and the role of the World Bank. Key topics covered are the integration of economic and cultural systems globally, debates around the impacts of globalization, and factors that influence international business activities and trade between nations.
As per the adage, ‘Every cloud has a silver lining’, we have observed that pro- and anti-globalization go hand in hand. If one section of the society considers it to be advancing for good, other section will always pick the bad out of it.
Pro-globalists debate that globalization brings about much increased opportunities for almost everyone, and increased competition is a good thing since it makes agents of production more efficient, the anti-globalists, on the contrary, argue that certain groups of people who are devoid in terms of resources are not currently capable of functioning within the increased competitive pressure that will be brought about by allowing their economic to be more connected to the rest of the world.
Let's read more to understand the impact of both the faces of globalists, their ideology and perception.
Happy reading!
As per the adage, ‘Every cloud has a silver lining’, we have observed that pro- and anti-globalization go hand in hand. If one section of the society considers it to be advancing for good, other section will always pick the bad out of it.
Pro-globalists debate that globalization brings about much increased opportunities for almost everyone, and increased competition is a good thing since it makes agents of production more efficient, the anti-globalists, on the contrary, argue that certain groups of people who are devoid in terms of resources are not currently capable of functioning within the increased competitive pressure that will be brought about by allowing their economic to be more connected to the rest of the world.
Let's read more to understand the impact of both the faces of globalists, their ideology and perception.
Happy reading!
SUBJECT: The Contemporary World
TOPIC: Global Migration
NOTE:
I also made a presentation for this (pptx format). Kindly Search it here in my profile or you can click this link https://www.slideshare.net/NiaMaeSabillo/global-migration-250432429. Thank you!
BANDAGING: TRIANGULAR BANDAGING AND CRAVAT, TYPES OF KNOTSManisha Thakur
BANDAGING: TRIANGULAR BANDAGING AND CRAVAT, TYPES OF KNOTS: CRAVAT, ELBOW BANDAGE, ARM SLING, PALM BANDAGE, HAND BANDAGE, HEAD BANDAGE, ELBOW BANDAGE, EAR INJURY BANDAGE, FOREARM BANDAGE, LEG AND THIGH BANDAGE, FOOT BANDAGE. TYPES OF KNOTS: PRINCIPLES OF TYING KNOTS, TYPES: REEF KNOT, BOWLINE , SHEET BENT
On the great disparity between the Global North and South Today. It also presents two schools of thought on the causes of disparity i.e., Classical Liberal Economic Theory and Dependency Theory.
Reference: Kegley
SUBJECT: The Contemporary World
TOPIC: Global Migration
NOTE:
I also made a presentation for this (pptx format). Kindly Search it here in my profile or you can click this link https://www.slideshare.net/NiaMaeSabillo/global-migration-250432429. Thank you!
BANDAGING: TRIANGULAR BANDAGING AND CRAVAT, TYPES OF KNOTSManisha Thakur
BANDAGING: TRIANGULAR BANDAGING AND CRAVAT, TYPES OF KNOTS: CRAVAT, ELBOW BANDAGE, ARM SLING, PALM BANDAGE, HAND BANDAGE, HEAD BANDAGE, ELBOW BANDAGE, EAR INJURY BANDAGE, FOREARM BANDAGE, LEG AND THIGH BANDAGE, FOOT BANDAGE. TYPES OF KNOTS: PRINCIPLES OF TYING KNOTS, TYPES: REEF KNOT, BOWLINE , SHEET BENT
On the great disparity between the Global North and South Today. It also presents two schools of thought on the causes of disparity i.e., Classical Liberal Economic Theory and Dependency Theory.
Reference: Kegley
concept of globalization
features of globalization
advantages of globalization
disadvantages of globalization
stages of globalization
impact of globalization on international business
factors led to globalization
constraints of globalization
these are the notes on globalization
suitable for management students
business students, commerce students
all the notes at given in nutshell
topics covered are said as above
hope you find these helpful and useful
PPT for the subject of International Business prepared as per the syllabus of Osmania University-Hyderabad INDIA
This is very much useful for the students of the MBA program across all universities throughout the world
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Do some research on the items in the table below and see if you see a pattern with the various country’s economies:
1. What is the G7?
2. What is the E7?
G7 Countries
Continent where the country lies
GDP
Ease of Doing Business
1.
2.
3.
4.
5.
6.
7.
NOTE: When you find the GDP (Gross National Product) note the year – you may not have 2018 statistics. That is okay –find the latest data available. You may need to search for the Ranking of Ease of Doing Business – and then find the countries that make up the G7 or the E7.
NEXT PAGE!
E7 Countries
Continent where the country lies
GDP
Ease of Doing Business
1.
2.
3.
4.
5.
6.
7.
A. Compare the 2 groups of countries – explain your findings.
Globalization Effects on Country Institutions, People and Business
Chapter 3
Key Points for the Chapter
Economic development comprises positive economic growth and entails changes in a country’s political, economic, and cultural institutions, as well as in individual values, attitudes, and behaviors.
Economic development requires resources from public and private sectors, both internal and external.
Technology transfers by international corporations comprise manufacturing technologies, management organizations, and marketing know-how.
Intro: The Economic Development Process
Economic development is the progress countries make in living standards as they experience positive economic growth and the changes occurring in societal and cultural institutions and values as nations move toward more advanced stages of industrialization.
Economic progress demonstrates human progress, and more pragmatically, it keeps politicians in power, companies busy, and consumers (and voters) optimistic about the future.
Technology Transfers
International trade, investments, and global media have opened world markets up to a variety of modernizing influences.
In general terms, technology transfers occur as corporations enter new markets with products, technologies, lifestyles, and business methods developed in their home and other international markets.
Technology transfers first affect urban segments of developing countries where there are developed infrastructures and pocket of economically significant customers.
As media become commercialization and distribution channels are built into rural areas, greater proportions of developing-country populations come into contact with modernization influences.
4
Positive Effects
Positive effects occur as societies are exposed to broad varieties of products that make lives easier.
Convenience products such as packaged foods, and consumer durables such as refrigerators, radios, televisions, and stoves have positive effects on consumer lifestyles.
New technologies in manufacturing and distribution make products cheaper and more widely available. They provide employment opportunities for lo.
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Globalization
1.
2. Topics for today
What does globalization means?
Forces behind globalization
Positive and negative effects
Consumerism
International Trade
FDI Foreign Direct Investment
Protectionism
The World Bank
3. Is it the integration of economic, political, and cultural
systems across the globe?
Is globalization a force for economic growth, prosperity,
and democratic freedom?
Is it the dominance of developed countries in decision-
making, at the expense of poorer, less powerful nations?
Does globalization only benefit the rich or can the poor take
advantage of it to improve their well-being?
4. Globalization refers to the increasingly global relationships of culture,
people and economic activity.
Most often, it refers to economics: the global distribution of the
production of goods and services, through reduction of barriers to
international trade such as tariffs, export fees, and import quotas.
Globalisation is the homogenisation of people’s tastes and demand
patterns around the world, due to increased access to international
communication of information about products and services as well as
increased access to transportation of products and people across
borders
5. Increased expansion and technological
improvements in transportation and communications
networksl
Development of services that support international
business activities
Growing consumer demand for foreign products
Increased global competition
Expanded cross-national treaties and agreements
6. Positive Negative
Outsource their
Increased competicion in
domestic industry manufacturing and white-
Increased Employment- collar jobs to developing
create new jobs economies
Poor countries suffering
Capital Inflow: creation
of firms, leads to disadvantage (export-import)
It has led to an increase in
increase income levels-
consumer demand activities such as: child
Spread of technology: labour and hard working
raise worker´s skills conditions
Consumerism habits has
Economies of scale
increase junk food, branded
Spread of Culture
products,
Environmental degradation
7. Inequalities in consumption:
The 20% of the world’s people in the
highest-income countries account for
86% of total consumption.
The poorest 1.3%. Accounts 20% of
consumption
Consumption in the past 50 years is
putting strains on the environment
never before seen.
Opponents of consumerism argue that many luxuries and unnecessary
consumer products may act as social mechanism allowing people to
identify like-minded individuals through the display of similar products,
again utilizing aspects of status-symbolism to judge socioeconomic
status and social stratification
Critics of consumerism often point out that consumerist societies are
more incline to damage the environment, contribute to global warming
and use up resources at a higher rate than other societies.
8. Sustainable consumption is: ‘the use of goods and services
that respond to basic needs and bring a better quality of
life, while minimising the use of natural resources, toxic
materials and emissions of waste and pollutants over the life-
cycle, so as not to jeopardise the needs of future
generations’ (OECD, 2002)
The great challenge faced by economies today is to integrate
environmental sustainability with economic growth and welfare by
separating environmental degradation from economic growth and doing
more with less.
This is one of the key objectives of the European Union, but the
consequences of climate change and the growing demand for energy
and resources are challenging this objective.
9. International
trade is the
exchange of
capital, goods,
and services
across
international
borders or
territories. In
most countries,
such trade
represents a
significant
share of gross
domestic
product (GDP).
10. FDI is a major source of external finance which means that
countries with limited amounts of capital can receive finance
beyond national borders from wealthier countries
Why Do Companies Invest Overseas?
Market seeking: Firm may go to find new buyers for thier goods and
services
Resource seeking: A company may find it cheaper to produce its product
in a foreing subsidiary. The foreing facilities may be able to superior or
les costly access to the imputs: (land, labour, natural resources) than at
home
Strategic seeking: firms may seek invest in other companies abroad to
improve distribution network or new technology
Efficiency seeking: Multinationals may seek to be more competitive, in
response to economic changes
11. Buyer insolvency (purchaser cannot pay);
Non-acceptance (buyer rejects goods as different from the agreed
upon specifications);
Credit risk (allowing the buyer to take possession of goods prior to
payment);
Intervention (governmental action to prevent a transaction being
completed);
Political risk (change in leadership interfering with transactions or
prices); and
War, piracy and civil unrest or turmoil;
Natural catastrophes, freak weather and other uncontrollable and
unpredictable events
12.
13.
14. Concerns About Shifting Production Due to Foreign
Investment
Corporations in wealthier countries are shutting down their
cost domestic manufacturing operations and sending them
overseas to developing countries (“outsourcing”)
Corporations switch from domestic production toward reliance
on imports, and to cause higher unemployment domestically
workers overseas may be exploited as a result of this
shifting production.
moving manufacturing operations overseas reduce the
competitiveness of the domestic economy.
Certain sectors, such as agriculture, textile do continue to seek out
cheap labour sources, these sectors represent small fraction of the
global production of goods and services.
With the service sector more international investors seek higher
productivity workforces as opposed to low wage ones, and thus look
for countries with more skilled workers, despite the higher wages
associated with those skills.
15. Protectionism is the economic policy of restricting trade
between states through methods such as tariffs on imported
goods, restrictive quotas, and a variety of other government
regulations designed to discourage imports and prevent foreign
take-over of domestic markets and companies.
The main reasons for protectionism are:
Protect local jobs and fight unemployment
Encourage local production to replace imports
Protect infant industries
Reduce dependence on foreign suppliers
Encourage local and foreign investment
Reduce balance payment problems
Promote export activities
16.
17. The mission of the World Bank is to reduce poverty in middle-income
and creditworthy poorer countries by promoting sustainable
development, through loans, guarantees, and advisory services.
The World Bank aims at issues such as building infrastructure (roads,
dams, power plants), natural disaster relief, humanitarian emergencies,
poverty reduction, infant mortality, gender equality, education, and
long-term development issues.
Why is the World Bank Controversial?
Governments lose some of their sovereign ability to set the rules of
the game for their citizens/residents
i The power of the World Trade Organisation (WTO) to force member
countries to eliminate some policies that interfere with free trade
m The lending power of the IMF and World Bank certainly coerce
emerging markets to follow economic policies that they might not
otherwise choose