Literature Review in Business Management

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Globalisation: Definitions and Perspectives (Composed by Eric Beerkens, 2006) Globalization refers to all those processes by which the peoples of the world are incorporated into a single world society, global society (p.9). Albrow 1990 Globality is supplanting modernity (p. 4) Albrow 1996 The world economy has become so highly interdependent as to make national independence an anachronism, especially in financial markets. The interdependence is driven by science, technology and economics - the forces of modernity.; and these forces, not governments, determined international relations. Thanks to this interdependence, war between modern nations is an impossibility. Angell 1911 The critical point is that both sides of the coin of…show more content…
It has two distinctive features: it is global and it is structured, to a large extent, around a network of financial flows. Castells 1996 The rise of [global] informationalism in this end of millenium is intertwined with rising inequality and social exclusion throughout the world.(…) Moreover, the process of social exclusion in the network society concerns both people and territories. So that, under certain conditions, entire countries, regions, cities and neighbourhoods become excluded, embracing in this exclusion most, or all, of their populations. This is different from the traditional process of spatial segragation. Castells 1998 The state as a ‘competition state' plays a fundamental role in promoting globalization. However, this does not mean that, once the genie is out of the bottle, globalization is reversible. Cerny 1999 At the end of the twentieth century, the analysis of globalization of capital must start with finance. The financial sphere is the one in which the internationalization of markets is most advanced; the one in which the operations of capital have reached the highest degree of mobility. Chesnais 1997 Clarke & Newman 1997 The happy ending of the globalisation narrative is one in which both nations and companies become faster and more agile in developing respomnses to new forms of competition. In relation to the public sector, this narrative of globalisation as a double purchase. Not only
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