THEORY AND EMERGENCE OF GLOBALIZATION AND THE IMPACTS ON BUSINESSESS ABSTRACT This essay will discuss the concept of Globalization and explain its definition as such. It will likewise focus its attention as to how it as the famed ¨Silk Road¨, later, the Portuguese in India and the Dutch that held a trade monopoly with Japan and a foothold on the spice works, along with it` s various manifestations on the global economy and how businesses are impacted by this phenomenon. Introduction Cultures have been entwined since the first established trade routes across Central Asia, that connected China and Europe, remembered islands. This interaction led to the pioneering of trade markets through the constant bartering of exotic merchandise, labour
OPINION :- According to my perspective I think the advantages of globalization are greater than its disadvantages. One of the drawback of globalization is that in globalizad nations people are more connected and attached; this increases the risk of diseases. We cannot neglect this problem but we can find possible solutions for it. One of the benefit of globalization is that it helps poor countries to achieve faster economic growth and reduce extreme poverty. As a rusult the load of the benefits of globalization are heavier than its drawbacks.
Dicken (2007) studies the positive and negative effects of globalization on developing countries. “At the global scale the developed countries are clearly ‘winners’. They continue to contain a disproportionate share of the world’s wealth, trade, investment and access to modern technologies.” He suggests that if the economies of developed countries continue to grow and expand, this will undoubtedly help developing countries’ economies. However there is no guarantee that it will help them to overcome poverty and
Ford-DaimlerChrysler, Ford Mazda, and GM-Honda), and airlines (like star alliances) are the examples of few of the changes which have been done the globalization (Alon et al). That is why, this dissertation finds the effects of the globalization on the firms of the business with a specific interest like how does it affect the performance of the firm from both developed economies (like the US), and emerging economies (like Thailand). In this research of globalization, there is an explanation of the processes of financial and market, economic, political interdependence, enhancing social and cultural inter-connectedness integrations that are being driven by the advances in trade liberalization, transportation technologies and communication (Bednall
Globalisation is viewed as a world that is free up of hurdles to trade and investment, whereby firms can produce and sell almost any services and product almost anywhere, globalisation also in recent time involves trillions of dollars of investment. Globalisation and economic competitiveness remains one of the most controversial subjects in recent discourse. Economic globalisation and its attendant global competitiveness are aimed at increasing the level of interconnectedness among countries for the purpose of bringing about greater economic integration through trade and other exchanges. These are expected to create improved economic restructuring across the globe, Barro (1989). Ayodele(1995), posits that the increased movement of goods, services,
Nowadays, the world is getting closer, the gap between countries is shorter and shorter day by day, people all around the world have better chance to see the others, and the movement between different places is easier than itself 50 years ago. These are ones of the positive impacts of globalization, which also “increase[s] of trade around the world, especially by large companies producing and trading goods in many different countries.” (Cambridge for Advanced Learner Dictionary 7th Edition). Globalization not only creates opportunities, but also poses a lot of challenges for the whole world, under the pressure globalization, people must stay creative and always have new idea or method to access to the always-new world. Now is the time of globalization, however the first steps of it appears a long time ago with the journey around the world of Ferdinand Magellan in the 16th century as the first geographical discovery or the role of Silk Route during the Han Dynasty, which supports the purchase between China and the other countries in Indian subcontinent, Persia, Europe, Africa (North Africa) and Arabia. The advantages of them are remarkable, especially in economy.
Global trade is becoming more common and many countries are able to access foreign products and services easily such as electronic products because of globalization. World Trade Organization (WTO) which is an international organization for inspecting the global trade agreement or dealing and negotiating international trading problems between countries. WTO replaced General Agreement for Tariffs and Trade (GATT) in 1995. (World Trade Organization 2009) Globalization has been providing large impact to developing countries either in economic growth or economic development. Developing countries , also called less developed countries, are countries that have no self-sufficiency which means countries that have abundant resources, but due to political
GLOBALIZATION Introduction Globalization refer to the process that deepens and broadens the relationship among countries and integrates them socially, economically and politically. Typically it means “a process driven by inter-national trade and investment and aided by information technology”(Boudreaux,2008:1). Historical evidence of Globalization is prominently found in 19th century when British pioneered the idea of “liberalism” that centered on the concept of trade unrestrained by political borders. Britain played the main role in spreading and popularizing the idea of free trade among other western countries that ultimately contributed to today’s globalization. Among the several dimensions of globalization only it’s economical aspect and effects on business will be discussed in this paper.
This phenomenon has various advantages and disadvantages depending on our concerns. This paper presents the effects globalization on developing nations, with the focus on the issues: economic state, health system and education. Globalization has benefited the economy of many developing countries, their economy is growing and flourishing. But these processes are progressing slowly so that they cannot keep up with developed countries and the income inequality is rising. Organizations such as WHO, NGO and Doctors Without Borders, which emerged in the process of globalization, opened new possibilities to increase the overall life expectancy and living standards in developing countries by trying to eliminate diseases and provide education.