If the economy of one country fall in danger, other countries also feel the pain. Economic Globalization In the present age of globalization, the economy of countries are inter-dependent. A subsidiary is formed abroad.
Multinational-companies have economic interest across several nations. With the proliferation of high-speed transportation, communication, and information technologies, the concept of geographical and territorial boundaries as such has blurred.
What are the various export promotion schemes offered by government.
For example, Indian people form the largest diaspora in the world. In fact, there is a 2 Elaborate in detail comparative study on cultures of Japan, China, Brazil and France. Organizations that are designed with an ethnocentric focus will portray certain tendencies.
This describes the range at which a society illustrates a pragmatic future oriented perspective instead of a conventional historic or short term point of view. Firstly, the end of the cold war greatly reduced the significance of ideology in international relations thus paving the way for more economic interconnectedness between nations.
This growth has not been matched by similar increases in per-capita income and access to the basics of modern life, like education, health care, or - for too many even sanitary water and waste disposal. Here as well, we can easily say that globalization is always a matter of degree.
Recently, research and practice are finding ways to make FDI more assured and beneficial by continually engaging with local realities, adjusting contracts and reconfiguring policies as blockages and openings emerge.
For example, China has become a massive manufacturing hub. They work towards improving the living condition of poor people. The countries are interdependent on each other.
Any company can purchase a stake in the foreign company, whereby they are entitled to a share in the profit, if any. The franchisee bears almost all the cost of establishing foreign operations.
With this increase in cross-border trade, investment, and migration, many observers believe the world has entered a qualitatively new phase in its economic development.
What is need to understand Cultural differences? Philosophy, religion, language, the arts, and other aspects of culture spread and mixed as nations exchanged products and ideas. The WTO expanded its scope from traded goods to include trade within the service sector and intellectual property rights.
Companies may also move manufacturing to countries that have limited environmental regulations and oversight and little in the way of labor laws or protections, leading to sweatshops, child labor, and environmental degradation.
He claims that Globalization is multiplicity of linkages and interconnections that transcend the nation-states and by implications the societies that make upon the modern world systems.
Early in the 19th century, the development of new forms of transportation such as the steamship and railroads and telecommunications that "compressed" time and space allowed for increasingly rapid rates of global interchange.
However, the twentieth century saw unparallel growth when global per capita income increased more than five times. The telecommunication infrastructure and internet has made the world even smaller.DESCRIPTION. Master of Business Administration - Semester 4 MB “International Business Management” (Book ID: B) ASSIGNMENT- Set 1 Question 1: Write a note on GATT and WTO.
Q 3. Write a note on ‘Globalization’.Ans: Globalization describes the process by which regional economies, societies, and cultures havebecome integratedthrough a global network of political ideas through communication, transportation, and trade.
MB 1. Master of Business Administration - MBA Semester 4 MB - International Business Management Assignment Set- 1 Q.1 Write a short note on ‘Globalization’. Ans. The term "globalization" has acquired considerable emotive force. Write a note on Globalization.
Ans: According to business terminologies, globalization is defined as ‘the worldwide trend of businesses expanding beyond their domestic boundaries’. What are the benefits of globalization Answer: International vs.
global business Most of us assume that international and global business are the same and that any company that deals with another country for its business is an international or global company.
However, globalization has many economy and trade advantages in the developing countries, we must also note the many disadvantages that globalization has created for the poor countries.Download