In other words, it is the process by which countries develop in terms of economic, cultural, political relation with other countries and start operating on an international scale. Increasingly used since the late 19th century and early 20th century, globalization has created enormous changes in all dimensions of human life including both positive and negative sides. First of all, Bill Gates’ s saying goes that “This is a very exciting time in the world of information. It 's not just that the personal computer has come along as a great tool. The whole pace of business is moving faster.
With the progression of industrial developments, the way of communication and life standards have began to change. Globalization can be perceived the process of political, cultural and economic integration between all countries, which converted the world into a small village. Globalization includes interrelated dimensions as demography, economics, technology, politics, culture and society. After the industrial revolution, globalization went though different stages due to changing needs and developments. Globalization involves profound transformative change and is a central driving force behind changes reshaping the world (Held, 1999).
Globalization refers to the "shrinking" of the world , it is a term used to describe the changes in societies and the world economy that are the result of increased cross-border trade, investment, and cultural exchange. According to Edward Burnett Tylor, culture is that complex whole which concludes knowledge, beliefs, arts, morals, law, customs and any other capabilities and habits acquired by a member of society. Cultures all over the world are being influenced by globalization. Many view that Western cultures has the most prominent influence on the different cultures. In this assignment we will discuss some of these influences on cuisine, dress code, social interactions and sport in depth.
In addition, hyperglobalists view globalization as a process, which has an internal logic and predictable outcome, and the global society as being based on a fully integrated market. In other words, all variety of heterogeneous cultures withdraws in front of the unique social pattern, based on markets and institutions. In this regard, Fukuyama argues that the advent of modern, global capitalism and Western liberal democracy may indicate the endpoint of socio-economic evolution and, consequently, the “end of history” (Fukuyama, 1992). While the above-mentioned groups of scholars capture various dimensions of cultural globalization and interpret them differently, they all attach particular importance to the
James (2014) defines globalization as the process of interaction between people from one country to another and how they exchange goods, ideas, and culture and integrate different governments across national boundaries. This process is driven by international trade and investment and is associated with information technology which makes such interchange possible (James, 2014). Hamdi (2015) also defines globalization as the process of economic, political and cultural integration worldwide. Through globalization, the borders between countries are broken down and the development of transport and communication technology has tremendously increased overtime. In this regard, globalization significantly affects the environment, the political system, and the economic development and prosperity of countries all over the world.
INTRODUCTION Economic globalization spread the companies and people; some other drivers of globalization spread an even more important thing - ideas. Ideas are spread throughout the world; people speak much louder in today’s world and that’s one of the many prisms we can think about political globalization, politics are made by people, ideas and institutions and once barriers are less and less the global politics will arise more and more. The discussion is about if this two phenomenon’s are related in such a way that the more advanced and already established economic globalisation will be inevitably followed by a political globalisation. In fact, political globalisation is already, somehow provided by the emergence of some global institutions
The term global supply chain was developed due to rise of globalisation and is evolving as new technologies are emerging in the global economy. In global supply chain management, the whole supply chain or process is extended to many different countries around the world hence it involves the use of parts and services from another factory overseas. It is made up of interrelated organisations, resources, and processes that create and deliver products and services to end consumer (involves international suppliers and customers). that is, it generally describes a shift from a centralised model of a supply chain management to a worldwide or regional approach. Global supply chain has become a threshold capability of most of international companies
Globalization Globalization is the process of international integration arising from the interchange of world views, products, ideas and mutual sharing and other aspects of culture. Trend is towards greater independence among national institution and economies. It is connecting a whole world as a one family. There is a huge bond within company, government, and different nations as the result of globalization. And also there is a perversion in many industries such as transportation, Food, Automobile, Tourism etc.
Previously, these arrangements have been generally confined to national markets only. But after globalization, there occurred an expansion of these boundaries to international markets. This article affords a broad overview of the evolution of the Indian system of industrial relation by gazing on pre and post independence relations. Discusses the impact and challenges of globalization on IR practices and its role in timeline trend drift. As a way out, contemplated various decorative practices which have shaped and are sharpening such relations in India how IR instigate enterprise productivity and economic growth.
GLOBALIZATION Globalization is the world-wide process by which different societies, culture sand regional economies integrate through a worldwide network of political ideas through, communication transportation and trade. Mostly globalization has affected many countries in different ways Like Economically, politically, and socially. Globalization refers to the fast integration and interdepends of various nations, which shapes the world affairs on global level. Globalization has affected the products people consume, the environment culture, security and idea exchange between different countries. Opportunities of Globalization The globalization process is in fact one of the global integration in all areas which offers less developed nations