ipl-logo

Drivers Of Globalization

3323 Words14 Pages

Globalization

The growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology.

International Monetary Fund
Globalization today is an inexorable reality and is being built into the process of economic reforms in almost all the nations of the world. It is the process of international integration of products, technologies, human resources, capital, cultures and information. It refers to the increasing integration of economies around the world particularly through trade and financial flows. As such, it is characterized by increasing social and economic openness and growing interdependence between the countries of the world. In economic contexts, it refers to trade liberalization or free trade. There are several global issues and concerns like poverty, bio-diversity, environmental protection, sustainable development and international security and cooperation which require global action and solution. All such issues instigate different countries to come closer to one another.

Drivers of Globalization
In general, globalization represents the increasing integration of the world economy, based on five interrelated drivers of change:
• International trade (lower trade barriers and more competition)
• Financial flows (foreign direct investment, technology transfers/licensing, portfolio

Show More
Related

  • Similarities Between Gouger Street And Rundle Mall

    1992 Words  | 8 Pages

    INTRODUCTION Over history the world has undergone massive transformations and has become increasingly globalised. According to BBC, globalisation is the manner by which “the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange” (Bbc.co.uk, 2014.) Globalisation has been achieved through liberalised immigration policies, the influence of cooperations, ‘mass consumer culture’ and increased international trade.

    Read More

  • Summary: The Travels Of A T-Shirt

    999 Words  | 4 Pages

    “Globalization is the process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by

    Read More

  • Multicultu: Multiculturalism In Canada

    554 Words  | 3 Pages

    Globalization is the process of international integration arising from the interchange of world views, products, ideas and other particular characteristics of culture. These three sources relate to globalization. Each show different types of examples of globalization. In source one, it talks about an image of a young Syrian boy, Alan Kurdi, lying dead, face down on a Turkish beach.

    Read More

  • Pros And Cons Of Globalization In Colombia

    954 Words  | 4 Pages

    Globalization is the inclusion of the differents values socio-cultural and economic local from one country to another, through their relationships exchanged a series of products and knowledge that extend and increase their ideological and economic situation. Globalization is beneficial for businesses of Colombians. As well as has influenced in areas as the social, economic, cultural, political, technological and educational in our country, globalization has ventured into the business of Colombians to favor or disfavor wholesale sales. Globalization has been a transition process started from the time of conquest and colonization, this exchange of cultural contracted a new market with mobility and trade of products and goods which over time did not stop there, but rather it was intensified and point greater flowed recognition from the

    Read More

  • The Impact Of Globalization On Apple

    1025 Words  | 5 Pages

    Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The most common example of globalization might be Ebay or Amazon. Nowadays flows of goods and services are not only cheap and fast, but reliable and secure.

    Read More

  • How Does Globalization Achieve Sustainable Prosperity

    866 Words  | 4 Pages

    Globalization describes how the world finds itself connected today. In order to achieve sustainable prosperity we need to use the connections and relationships we have made through globalization. Instead of a farmer in Newfoundland only being able to sell their product in their home town, that same farmer can sell their product to a global market. This allows the farmer to expand to a larger group of people and allows someone in another location to get a product that they may not have access to. However Globalization itself doesn’t really contribute to the prosperity of all people.

    Read More

  • Main Causes And Drivers Of Globalization

    1004 Words  | 5 Pages

    2. Main causes and drivers of globalization The treaty of Westphalia in 1648, has been known to be the beginning of the system of sovereign states. Unlike the previous treaties, the treaty of Westphalia drew up a list of core principles, which re-defined the conception of the state; territories were defined, and the lands uninfringeable. Supremacy of the nation-state became accepted as the norm and hence allowed growth of international relations (Pant, 2011).

    Read More

  • Progress Energy: The Impact Of Globalization Around The World

    1123 Words  | 5 Pages

    Globalization is defined as the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets (Merriam-Webster). It also can be looked at as how organizations have an impact internationally. When money is involved, so are politics. Due to the implementation of globalization around the world, developing economies saw a great increase in exporting cheaper goods, because they were opened to new markets (Collins). While these foreign nations benefited, much of the American population was at a disadvantage.

    Read More

  • Hofstede's Dimensions Of Globalization Analysis

    1022 Words  | 5 Pages

    In the late 1980s, globalization theory started to emerge as the new forms of capitalist hegemony appeared (Savage, Bagnall and Longhurst, 2004). Globalization is a process of encouraging closer political, economic, social interaction and break down or reducing the trade barriers between countries (Mittelman, 2000). It can be divided into two main categories: globalization of markets and globalization or production. Globalization of markets is a process of the worldwide market integration and has created a global market place (due to countries are reducing trade barriers). For example, in this 21st century, products that we consume or access are no longer from just one person, company or place but globally as the presence of the global market

    Read More

  • Globalization And Nations

    1615 Words  | 7 Pages

    Globalization and Nation States Globalization has integrated and intertwined the economies of the world. In the world today, every nation has become independent on every other nation, be it through trade or through finance. Developing countries today are attracting large rounds of foreign investment, and this foreign investment is coming from the developed countries. Thus, the money of the developed countries is today invested in the developing countries.

    Read More

  • Kosovo And Globalization Essay

    750 Words  | 3 Pages

    The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A. 1999).

    Read More

  • Essay On The Significance Of Regionalism

    1311 Words  | 6 Pages

    I EMERGENCE OF REGIONALISM Global economic integration is a phenomenon that can be traced back to seven centuries ago since the travels of Marco Polo. Since his travel, integration has taken place through trade, factor movements and communication of economically useful knowledge and technology and is on the rise ever since. Regionalism is considered to be far from being uniform process; it has however emerged in various stages which are shaped by both external and internal factors. The starting point for regionalism is roughly estimated to be post the Second World War.

    Read More

  • Ethical Issues In International Business

    730 Words  | 3 Pages

    Introduction Globalization is a fact of Economic Life – Carlos Salinas De Gortari. Globalization is not a new thought. This process of interaction and integration among the companies, people and government of different countries is happening from ages. Technology has been the major driver of globalization. Economic life has been transformed dramatically by the advances in information technology.

    Read More

  • Advantages And Disadvantages Of Globalization In Developing Countries

    1006 Words  | 5 Pages

    Globalization is a process of linking the world through many aspects, from the economic to the culture, the political. in different nations. This process uses to describe the changes in society and in the world economy, by creating a linkage and increasing exchange between individuals, organizations or nations in cultural perspective, economics on global scale (Globalization 101, n.d.). A process of creating many opportunities but also causes many challenges for all the nations in the world, particularly for developing countries. There are so many advantages that globalization brings to developing countries like free trade, technology transfer and reducing unemployment.

    Read More

  • Reflection On Globalization

    731 Words  | 3 Pages

    The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

    Read More

More about Drivers Of Globalization

Open Document