Global Forces Shaping The Future Of Business And Society

When it comes to globalization, everyone may have a different vision of it’s outcome. For Marcelo Gleiser, the author of “Globalization: Two visions of the Future of Humanity”, a completely globalized world may result in a dystopia. In contrast, Jeffrey Wasserstrom, the author of “A Mickey Mouse Approach to Globalization” and Tanveer Ali, the creator of “The Subway Falafel Sandwich and the Americanization of Ethnic Food” may think of globalization as other cultures sharing each other’s components to interact on a new level and spurring a more “open-minded” (Ali 27) individual.

In this report I am going to define the meaning of Globalisation and assess the impact of globalisation on the way the business operate.

The world we live in today is going through enormous changes in economics, technology, culture, politics, etc. The effects of the changes are not so clear, since it is hard to predict how each sector would affect the other and how society will be affected. However, analyzing past and present occurrences provides some information for experts to interpret society’s reaction in the future to different transformations. Globalization can be seen as a process in which societies around the world come together and expand through the combination of different forces. This paper will explore the effects of globalization on US companies, US society and economy, and the implications for other countries in the post-industrial world.

The article written by Peter Callero is based on the idea that globalization is involved in our everyday lives. The author relates this topic to how jobs are made in the United States or when their moved into another country. It refers to the effects of this move and how it changes the incomes of workers in our country.

In his article “Globalization: Two Visions Of The Future Of Humanity”, Marcelo Gleiser states that there are two possible outcomes of the process of globalization. At first, he predicts that world can turn into a true global village due to the development of technology, traveling, trade and Internet. However, Gleizer explains that it is not easy to foresee unknown and questions how much this “scientific utopia” (8) is realistic, when considering politics and culture. Then, he argues that globalization cannot be achieved due to “evolved tribal nature” (9) of humanity, even though it is implied as the process which will diminish any barrier between various cultures. He states there is no doubt that trade and travel barriers will disappear by

Hill, C.W.L. & Hult, G.T.M. (2016). Global Business Today. (9th ed.). New York, NY: McGraw-Hill Education.

The same can be said for trends and products. They have witnessed what a mistake it is to ignore their past progress and simply focus on what is next. While it is important to spend a great deal of time working towards advancement, especially in a market that is rising. However, it is very difficult to ignore what brought about all of these changes and what has been working (Kerin, Hartley & Rudelius, 2013).

The same goes for trading our current trade laws restrict us from reaching our full potential. U.S. trade as a percentage of GDP is lower than that of every other developed country in the world. As the forces of globalization have reshaped the global economy, there has been increasing resistance to trade liberalization

We’ve come a long way in terms of global trends shaping the nature of work today. There was a period around the 1700’s called the agricultural revolution where the introduction of new farming technologies increased food output in farm production. A lot of innovations came from this such as the seed drill, selective breeding, and crop rotation. There was major increase during this period leading to increased population and further adding to the labor pool. At the beginning of the 19th century corporations began to emerge to limit liability of investors.

As society continues to evolve over years, each country of the world will be developed more rapidly than before. In such cases, there will be some fierce competitions between countries, and these oppositions have related to some phases, such as its global economy and social lifestyles of its citizens. Countries have more oppositions with each other in the aspect of its labor and economy than any other features. In previous years, enough labor forces could support the growth of the national economy of a country because they had available jobs to do. Nevertheless, the demand of the labor and economy is different than what it’s used to. The population has surpassed the acceptable size, and industries in the labor force are surplus. For the moment, technology, skills, and machinery have become the trend of the global economy.

In this book, Dobbs, Manyika, and Woetzel indicated that there are four powers of global which are now contributing to changing the situation of the world : the high-speed development of economy and urbanization within emerging countries, which may change the international economic market status of the world; the rapid continuous innovation of technology, which could provide many opportunities for people; and the aged tendency of population, which might create more burden on government; and the more close relationship of the world as a result of the moving of capital, information and people. The authors also listed several influences of the four forces relate to the people’s future life and the international economy. In addition, they also

company and the industry is based on trends that are constantly changing to the next big hit.  The

Before I talk about the future of globalization it is first of all important to understand what it truly means. From my research on the topic I feel that the following definition by the IMF is the most accurate. They describe globalization as the “growing economic interdependence of countries worldwide through the increasing volume and a 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”. Thomas Freeman, author of “The Lexus and the Olive Tree” describes Globalization as the inexorable integration of markets, nation states and technologies to a degree never witnessed

Many historians and sociologists have identified a transformation in the economic processes of the world and society in recent times. There has been an extensive increase in developments in technology and the economy as a whole in the twentieth century. Globalization has been recognized as a new age in which the world has developed into what Giddens identifies to be a “single social system” (Anthony Giddens: 1993 ‘Sociology’ pg 528), due to the rise of interdependence of various countries on one another, therefore affecting practically everyone within society.

The following pages focus on analyzing the effects of globalization on labor markets, which is an important international business topic. The Introduction presents the points of view used in addressing this issue. The Labor Markets section presents some of the most important characteristics of labor markets that must be presented in order to understand how they are affected by globalization. The Key Priorities of Labor Markets section presents some of the most important priorities of governments determined by globalization. The Globalization of Labor Markets and The Effects of Globalization of Labor Markets section provides an analysis of this issue, its effects and its importance. The Conclusions section provides some of the most important issues addressed by this paper.