Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

business globalization

300 views

Published on

business globalization

Published in: Business, News & Politics
  • Be the first to comment

  • Be the first to like this

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

×