Essay on Indian Bpos Waking Up to the Philippines Opportunity?

The third question asks, “What effect will the globalization of the workforce, and in particular the

1. What is meant by the globalization of human capital? Is this inevitable as firms increase their global operations?

A recession occurs when a country’s real GDP begins to shrink. Even a milder economic slowdown in which GDP continues to grow, but very slowly can create unemployment and dislocation. GDP and employment are positively correlated. As GDP rises

The author also states about globalization and the challenges being faced by the US.As most of the US manufacturing industries were shifted to different countries where the average income was lower.1.7 million jobs were lost due to deindustrialization which caused the rise in Economic Inequality as a lot of middle class and poor people lost their jobs. New Technology was introduced such internet and software developments also know as SBTC skills biased technical change. Many jobs were eliminated due to technological change such as bank teller, appliance repairmen and etc. High School dropouts faced a decline in their wages but college graduates wages were increased as new job market demanded skilled people. Increasing Economic Inequality lead to political inequality as wealthy people can afford everything with their money.

An economic recession occurs when the economy is suffering, and unemployment is on a rise. A drop in the stock market and a decrease in the housing market will also affect the economy due to a recession. Higher interest rates affect the economy constrain liquidly or the cash available to invest in stocks and businesses. Inflation alludes to the rise in prices of goods and services which also puts a strain on the economy further adding to a recession. Businesses were lost and consumer spending dwindled the only category that remained safe was healthcare. The economic meaning of a recession is a decline in the Gross Domestic Product (GDP) consisting of two consecutive quarters on a decline. If the economy is bad consumers are less likely to spend money on goods and service. The effects of a declining economy forced the government to create monetary

According to the financial definition, a recession is a significant decline in activity spread across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income, and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's GDP. (Dictionary.com) A less official and more realistic definition of an economic recession is the social perception of the state of the economy at a given time. The collective beliefs of the public, mainly businesses and consumers, drive the social perception of whether things are seen as positive or negative. Unfortunately

If That does not favour the company they will invest. In terms of tax planning, companies may find it difficult to expand due to the tax ramifications. Country X (Foreign Country) may have a high tax burden on companies that choose to expand their operations abroad. Other reasons may include the means of advertisement, the start-up costs, and the political market.

Recession is a significant decline in real GDP, real income, employment, industrial production, and wholesale/retail sales, which last more than a few months. (Economic recession, n.d.) Further, a recession typically begins after a peak in the economy and ends at the trough, however, “the start and end dates are determined by the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER).” (Economic recession, n.d.)

Economic depression is a state of the economy resulting from an extended period of negative economic activity as measured by GDP .The great economic depression of the US from 1929-1939 was one of the worst economic depressions in the world economy. The GDP per capita of the United States fell by a third (Federico 2005). A lot of economic activities went down and so many people suffered. Even though the depression affect the rest of the world, it has been called the great depression of the US because it’s believed that the US suffered more than any other nation and the causes are also attributed to have been started in America.

The writer points out that even though globalization is an economic issue per Brysk (2003, p. 22), the framework formed a combination of factors is one that one must consider as an influence in education (Merriam, Caffarella, & Baumgartner, 2007). These influences are 1) connection, 2) cosmopolitanism, 3) communication, and 4) Commodification. Each of these areas is having positive effects such as bringing together people who would not otherwise connect, or in creating the means for effective communications between peoples with different

The U.S. experienced a significant economic decline in December 2007. This was the Great Recession. A recession is a huge drop in consumer spending that has a chain reaction of job lose, and lower business income. It can be caused by an economic shock. And economic shock is when products are priced more than their value. 8.8 million Jobs were lost within 2 years, February 2008-2010. Unemployment was nearly 10% in October of 2010. Since 2012, GDP and employment has made a very slow growth rate. The poverty rate increased to 12.5 % in 2007.

There are always business risk when it comes to expanding a company, especially from an international standpoint. There are many strategic risk that needs to be evaluated in order to expand the company successfully. Examining the possible risk of foreign currency exposure, basic functions of international banking/financial market, support of long term financing of operations, and assessment of opportunities that can be implemented within the company. There are risk on three dimensions of international finance, economic trends of the country, impact of globalization and monetary system. All of these situations will be discussed in this paper.

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.

Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. For growth to be optimal, management must first be able to identify the most attractive prospective leads. The country as a whole, specifically geography, government, and financial aspects must be looked at in order to yield the best possible picture of the market a company wishes to enter. Concentration should be placed on gathering reliable facts

1. How has the global economic downturn, discussed in the opening profile and throughout this chapter, impacted jobs outsourcing in the BPO industry?