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business globalization


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business globalization

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business globalization

  1. 1. BUSINESS IN GLOBALIZATION by siddharthan
  2. 2. HISTORY <ul><li>The world's economic order through reduction of such barriers to international trade </li></ul><ul><li>most closely associated with the term “ economic globalization ” </li></ul><ul><li>integration of national economies into the international economy through trade, foreign direct investment , capital flows , migration </li></ul><ul><li>driven by a combination of economic, technological, sociocultural, political, and biological factors </li></ul>
  3. 3. DEFINITION <ul><li>United Nations ESCWA –”reduction and removal of barriers between national borders in order to facilitate the flow of goods, capital, services and labour”. </li></ul><ul><li>Tom G. Palmer-&quot;the diminution or elimination of state-enforced restrictions on exchanges across borders and the increasingly integrated and complex global system of production and exchange that has emerged as a result.&quot; </li></ul>
  4. 4. MEASUREMENT <ul><li>3 main dimensions of globalization </li></ul><ul><ul><ul><ul><li>ECONOMIC </li></ul></ul></ul></ul><ul><ul><ul><ul><li>SOCIAL </li></ul></ul></ul></ul><ul><ul><ul><ul><li>POLITICAL </li></ul></ul></ul></ul>SWISS THINK TANK RESEARCH- w orld's most globalized country-Austria, Sweden, the United Kingdom and the Netherlands. world's least globalized country-Haiti, Myanmar, the central african public and Burundi A.T. Kearney and Foreign Policy Magazine - Singapore , Ireland, Switzerland, the Netherlands, Canada and Denmark -most globalized, while Indonesia, India and Iran are the least globalized among countries listed
  5. 5. Global market <ul><li>Financial interdependency </li></ul><ul><li>Basic necessary goods </li></ul><ul><li>GDP growth-india 7.7% </li></ul>
  6. 6. Globalization in India <ul><li>FDI reached 2% of GDP, compared with 0.1% in 1990 </li></ul><ul><li>strengths in IT and other significant areas such as auto components, chemicals, apparels, pharmaceuticals, and jewellry </li></ul><ul><li>large pool of skilled managerial and technical expertise </li></ul><ul><li>FDI inflow for 2011-2013 has been reported as $24bn, expected $35 billion </li></ul>
  7. 7. EFFECTS <ul><li>INDUSTRIAL: </li></ul>International trade in manufactured goods has increased more than 100 times (from $95 billion to $12 trillion) since 1955. FINANCIAL By the early part of the 21st century, more than $1.5 trillion in national currencies traded daily to support the expanded levels of trade and investment ECONOMIC workers compete in a global market. wages are less dependent on the success or failure of individual economies. This has had a major effect on wages and income distribution
  8. 9. Siddharthan