Globalization

The business world is becoming increasingly global. As a result of this, many companies, such as Costa Coffee and Dyson, have changed their strategies in relation to the markets they target or where they produce. Does the increasingly global nature of business mean that all organisations need to change their strategies significantly to achieve higher profits? Justify your answer with reference to Costa Coffee, Dyson and/or other organisations that you know.

Is the increasing globalization of business good or bad for the United States? If you are from a different country, what effect do you think globalization is having or will have on your country? Is globalization resulting in unequal gains for different countries?

Q1: Define Globalization 1.0, 2.0, 3.0 and provide a sample of the type of business data managers collected during each era.

Globalization is taking place across the world where people can either become globalization or stay local in the state or country. People are very controversial about globalization helping local economies and local businesses. Some people believe globalization is helping local businesses into the markets and then there are some that believe that multinational corporations hurting the local small businesses. What is globalization? “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” (). Globalization has started long before we were born.

The world today is more globalised than ever before, with people, technologies and ideas migrating across borders in increasingly large numbers. These movements are a powerful force for change, and raise important questions among anthropologists about how culture, community and conflict have changed in response to globalisation. In this essay, I argue that while the nature of globalisation has changed over the years, it has consistently been a driver of internal conflict and societal change. Two case studies are utilised, from India and Peru, to demonstrate how globalisation introduces new ideas and opportunities that challenge existing power structures, identities, values and cultural norms. This, in turn, leads to my final argument that in the process of trying to prevent change, many leaders actually deepens existing social fractures which ultimately results in conflict and inevitable social, political, economic and cultural transformation.

Higher education is going to play an increasingly central role in improving the world we live in. This reality is not confined to one country or area, but rather to the entire planet. Thus, it is becoming more and more important for higher education institutions to find ways to broaden their reach outside of their own countries. They must become more global universities to attract more international students.

Many times we take things for granted, especially when we have lived our whole lives in a bubble where there are tremendous changes but nothing that takes what we have. That’s not the case for many people living in a condition where no one should be living. Haiti is a country where poverty is a big problem, where people starve themselves, no jobs, etc. Is a country where globalization has impacted the environment a big way.

With the changes in the global economy, pegged with the advancement of technology, companies in the United States must reconsider their strategies to compete with international counterparts. It was only 50 years ago, a company in anywhere town, America could carve out space in a market for themselves and do well without a competitor in sight. Things have changed now and not is the threat of a Wal-Mart moving into your neighborhood a fear of the small to medium-sized company, international companies have also set their eyes on the United States. With as the leading consumer market with a 28% of the world’s consumer market, nearly four times larger than distant second China, there is no wonder why any other country would want to penetrate the most lucrative market on the planet. This is owed to the growth of globalization and the expansion of technology into instruments beyond research, entertainment, and communication, and into the world of digital and cryptographic currency. What the global economy is beginning to realize is: there are still untapped markets where profits could be astronomical. Many developing countries are beginning to adopt practices and methods of developed countries on a smaller scale, with the help of technology. As the prevalence of new markets and a new form of currency grows, there is no doubt larger companies will be able to seize the opportunity to make in these markets.

In this statement, Knox and Marston portray globalisation as having a symbiotic relationship with places and communities wherein each part is shaped and influenced by the others, building upon and changing their existing structures without losing the inherent nature of what they are. The reality of globalisation can be somewhat more complex, as through this reconstruction aspects are inevitably lost or overwhelmed in the process, however globalisation cannot completely erase global differences, as difference is an intrinsic aspect of globalisation’s success. If the “foundations of the modern world are industrialization, colonization and the international market economy” (Knox & Marston, 2015, p. 87) the success of globalisation relies on how regions and communities respond to and use these forces for their own gain. In the cases of the rapid industrialisation of Shenzhen in south China and the aftermath of colonisation in Mauritius, both regions have actively responded to globalisation and involved themselves in the international market economy in order to build their own success. These places are active participants in globalisation and thereby reconstruct the meaning of globalisation as much as globalisation is restructuring them.

South Asia is on the ropes and close to falling off in terms of it being a developing country. Their technology standards are nowhere near where it should be. Globalization is a worldwide process in where business and companies make money. How does globalization impacts the laborers of the South Asia? Globalization impacts the laborers of the south Asian people by fostering an environment that makes people give up their food and kids in order to make income.

1. “Site” and “Situation” are two significant factors in the development of urban centers. It can be used as a way to examine how a particular city rose to prominence based on those two elements. In the geographical context “site” refers to the designated area in which human settlement had arisen. There could be many reasons as to why settlers would choose a particular location over another, for example, fertile land, defense, water supply, natural harbors etc. In the example of Buffalo, New York, it is located on Lake Erie one of the 5 Great Lakes, an important lake commercially during that time period. “Situation” in the geographical context refers to the settlements relation to the accessibility of resources in the given site it Is located in. This could include things such as ports, natural resources, desirable routes connecting to other important fixed locations, these all have a direct effect on the growth of a city. In the case of Buffalo, it is located on Lake Erie, and when the Erie Canal’s construction was completed in 1825 it essentially connected Lake Erie and Buffalo to the eastern seaboard and New York City. This was good for economies based on the extraction of raw materials and transportation and trade of finished goods. This resulted in a rapid economic and population growth in the city of Buffalo.

integration it has led to a higher terms of trade (export price index divided by

Globalisation is subject that has been well discuss over the years and there have been many different definitions of it. for example, some describe it as “a process by which the world is becoming increasingly interconnected because of massively increased trade and cultural exchange” (BBC). Another definition is that “a process of interaction and integration among the people, companies, and governments of different nations” (Globalization 101). However, globalisation is not a new phenomenon or something that has just been happening for a few years, people have been trading for thousands of years, one example is the famous Silk Road which runs across Central China and connected China and Europe in the Middle Ages (globalization 101), but it is in the last century that this globalisation phenomenon has been growing at a fast pace (Nassar 2007:2). Therefore, we can all agree that the term Globalisation has been use to describe the integration of different topics such as the market, values, environmental and political concerns that different nation may have across the globe, for example the technological and economic development which help western manufacture companies to produce their goods using cheap labour from Asia, or the political issues which helps to regulate “international corporations and the privatization of state assets in order to meet the requirements of the IMF and World Bank” (Aas, Katja Franko. 2013:3, Nassar 2007:2). One of the main reason for globalization or global integration is to generate higher profits and the desire for greater economic success and better future for everyone. (Nassar 2007:2)

helping the farmers, it hurt them even worse by causing a rift between the U.S. and their and simply reversing any liberalization and trade agreements that had previously been put in place. The U.S. was other Nations. The farmers were over producing in hopes of having a prosperous time and but no one was buying our products either as a result. When President Franklin D. Roosevelt was voted into office, he soon convinced Congress to approve the Reciprocal Trade Agreement Act. This act allowed the President to negotiate bilateral trade agreements with other countries. This re-opened the door of communication and started to help rebuild the mutual trust with other countries, thus starting a new era of to what we know today as globalization. President Roosevelt was considered to be an internationalist, not isolationist, like his predecessors. He knew that in order for our economy to survive and one day thrive that we had to trade internationally. The days of high protective tariffs were slowly becoming a thing of the past. President Roosevelt felt that creating a global organization, hence the United Nations, would help to reduce the

Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was