Role Of Globalization In The International World

DEFINING GLOBALIZATION AND ITS FORCES

Globalization is the phenomenon of the release of markets internationally –among others- and the creation of single rules of trade and more widely of economic life. Capital cultures ideas people information even threats have no borders to stop them and travel everywhere in the planet. Globalization symbolizes a world of free flow of technology and human resources that cross boundaries and present a competitive business environment. Employees, assets and products are moved freely everywhere in the same way. This means that a homogeneous international market of products and services is created and in order for businesses to withstand the size of that market they have to get bigger and narrow down their

DEFFERENT RESPONCES TO GLOBALIZATION Numerous theorists concur that under the shield of globalization the role of state has experienced a major rebuilding. One of its significant roles is that of the middle person between local policies capital and worldwide economy. Others state that globalization brings the end of nations and leads to a world without borders.

Changes to the role and function of the state the central unit in the international world order, impact strongly in all arenas of civil society…Changes in the function and role of the nation state impact on indigenous peoples in complex and contradictory ways.

(Stewart-Harawira 2005 p. 15)

The bigger the globalization the more modern organizations have to deal with complicated situations, given globalization in combination with competitive pressures, generate a total of change challenges and opportunities. Umemura & Fujioka (2012) in their book state that “At the level of the individual firm companies may respond to globalization and deregulation by any number of means: from making production processes more efficient; innovating, standardizing, or expanding their product offerings; to expanding their business in overseas

The major difficulties that companies face are geopolitical issues, working successfully in multinational groups, moral and environmental concerns, the foibles of worldwide supply chains and the always present need to understand cultural backgrounds. Human Resources Management (HRM) comes head on with a lot of these challenges having as a goal the reinforcement and the improvement of the effectiveness and the organizational performance. They have to introduce new tactics that lower the expenses and aim to make the employees give their best efforts. This brings more competition which means there is a need for better performance by increasing the competitiveness and loyalty of the employees. More specifically, HRM must overcome any barriers that might come up to globalizing such as employment policy, poverty, limited education and technology, culture or even