Being my first year attending Virginia Commonwealth University, I would personally like to give a HUGE Thank You to the Greater Richmond Chamber of Commerce, the Greater Richmond Partnership Inc., the Virginia International Business Council, the U.S. commercial Service Richmond Export Assistance Center, VCU’s Global Education Office, the Virginia Asian Chamber of Commerce, the Virginia Economic Development Partnership and the Virginia Hispanic Chamber of Commerce. These organizations are a part of Universal Corporation, whom sponsored an event I never thought I would see myself having the opportunity to attend. Tuesday October 13, 2015 from 3:30pm to 5:30pm located at the Virginia Commonwealth University Student Commons Ballroom (907 Floyd Avenue Richmond, Virginia) was the 21st Annual International Business Forum. The presentation “North America 's Competitive Agenda: Why and How the U.S., Canada and Mexico Should Enhance Their Alliance to Meet the Asian and European Challenges of the 21st Century,” had four fabulous participants including Van R. Wood, Ph. D., Arturo Sarukhan, Brandon J. Price, Ph.D., and Giles Gauthier. These men presented the room with a conference about Globalization. . Moderator Van R. Wood, Ph. D is a professor of international marketing and Phillip Morris Chair in International Business, Virginia Commonwealth University School of Business. In the past Mr. Wood has been accepting a numerous amount of grants to develop international programs some
That this was also the decade in which globalization came into full swing is more than a minor inconvenience for its advocates” (Rodrick). If globalization is supposed to present an advantage to developing countries, why have there been so many setbacks? Indeed, both sides will have its winners and losers regardless of which side of the development coin they live on, but for the most part globalization has lifted millions out of poverty, improved the standard of living, and increased life expectancy rates all while keeping developed nations relatively competitive to their developing counterparts. Globalization’s value is that it seeks to create an economic equilibrium in the world, where parties are free from barriers and can benefit from one another through a more efficient allocation of resources. This allows all participating nations to contribute to an integrated economy and where all nations willing to embrace globalization have the potential to benefit. Regardless, the path to successful integration to the global economy has not always been easy. There is contention towards globalization as some argue that it is detrimental to developed nations, while many developing countries that were forced to hastily open up their markets and integrate failed. However, if implemented properly, globalization has proven that it can benefit all parties involved and that the potential gains outweigh the losses.
Contemporary globalization is an exceptionally multifaceted phenomenon and can be defined as "an intensification of cross-national cultural, economic, political, social and technological interactions that lead to the establishment of transnational structures and the global integration of cultural, economic, environmental, political and social processes on global, supranational, national, regional and local levels" (Huynen, Martens & Hilderink, 2005). The very nature of the American society has experienced insightful and compound changes due to globalization that has brought with it both new opportunities and risks. Similarly, the impacts of globalization
Globalization puts most of its positive impact on richer countries than on poor countries because richer ones have more access to labour, capital, and goods to trade. This has made Canada on of the most globalized country in a very short period of time due to its advancement in information technology, an actively acting government and its involvement in international organizations. Canadian companies are adapting new ways and technologies to bring a rapid change in the Canadian economy. One of the most rapidly growing fields
I've always been a calm and collective individual, favoring the slow and calculated approach to problem solving, assuring the problem is achieved to maximum success. As such, I'm the kind of person to try everything first hand, in order to find out the true best way in order to accomplish a task, despite what a guide may say. However, I also have the intelligence to do so in a productive way. They say you shouldn't reinvent the wheel, and to build upon others success, at some point someone tried just that, and was able to create a 'better' wheel. At the end of the day, it is still a wheel, but it's this innovation that drives the world forward. I'm an innovator. I'll be the guy trying the thing no one thought of, using some method someone dismissed as 'xp waste' and still be able to put some spin on it in order to create something that is better than everything else.
After completion of master’s program, my goal is to return to AMS International, to expand the business further to other countries in Southeast Asia, as it will become a free-trade region in the very near future (AEC). Therefore, due to the changes of the market circumstances, I would like to study specific problem areas to achieve more understanding of various issues in global marketing, and to fulfill my academic marketing theory that I was lacked during my studies in undergraduate program.
Over the period of study, the relative strength in the Peripheral South diminished as the Republican Party became more competitive in the Deep South. Over time, one should see both the national and state indexes increase with the state party index lagging behind the national party index. While this is far from definitive, it supports the findings of some scholars who say that the increase in Republican Party competitiveness started at the national level and went to affect the competitiveness of elections to lower level political offices. A major reason that the state score index lags behind the national index is that the state index includes state legislative offices (and not votes as we have for the other offices included in the MPI) which
Van R. Wood, Ph.D, the moderator of the forum, started the event off by welcoming everyone that attended. Van R. Wood is an International Marketing professor at VCU and the Philip Morris Endowed Chair in International Business. His teachings, research, and consulting focus on globalization and the selection and development of international markets has earned him many grants to develop international programs and has earned him many
The world is not a large and strange place anymore. The world is a place that is interconnected and intertwined. The world has become from a place that each country and their peoples are separate and isolated to a place that each country and their peoples are part of a global network. Thanks to globalization this is occurring. Globalization is the ‘international integration” or ‘de-bordering’ – “a number of highly disparate observations whose regular common denominator is the determination of a profound transformation of the traditional nation-state” (Von Bogdandy 2). Globalization is connecting different people from different cultures and backgrounds together. More and more corporations are entering new foreign markets to sell their
Globalization has transformed the world economy over the past years. The spread of ideas and technology across borders has facilitated new avenues of trade, creating new markets and expanding others. However not only has the world benefitted
Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across
INTERNATIONAL MANAGEMENT: CULTURE, STRATEGY, AND BEHAVIOR, EIGHTH EDITION Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Previous editions © 2009, 2006, and 2003. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited
Today, globalization is a generic term, economic globalization demands key developments in trade, and these are finance and foreign direct reserves by multinational corporations. International trade has grown exponentially and has become a much more prominent influence over domestic and global economic businesses. Trade consumes a quarter of the total world income encompassing merchandise trade, banking, and information. (Ferguson, 2014). Export vendors and consumers benefit from the openness of the Internet yet organizations find themselves challenged with international businesses that have improved their productivity where transnational policy differences poses significant barriers.
With the increase in technology and competition for sales of products and services, organizations have had to expand their operations and marketing efforts on an international level in order to maintain various levels
In a form that is more recognizable today, globalization began as the world began to open in waves, or rather a tsunami, as Harold Sirkin and his colleagues theorize in Globality. Globality is the next step after globalization; it is the new reality in which companies will “be competing with everyone, from everywhere, for everything” (Sirkin, Hemerling, & Bhattacharya, 2008, p. 1). There are a multitude of factors that have created the conditions for globality to occur. There have been many waves of globalization, like those that brought Japan, Mexico, Korea, and many other nations into the world arena.
The key term globalization was chosen for this research paper due to the significant role it plays in the business world. Business professionals need to have a broad understanding of how globalization impacts the economy and creates different interactions among nations. By immersing themselves in how globalization functions, business professionals can make effective and successful investment, marketing, and management decisions. Furthermore, the advances of technology have opened many doors for businesses to expand and seek greater opportunities internationally to maximize production and profits. Therefore, having a clear understanding of globalization and all it encompasses is key to success