what is globalisation and the benefit for one business?
93732
Globilization generally refers to the relocation of manufacturing, information technology, and services-related jobs from developed countries in Europe and North America to the developing economies of India, China, and Central America.\n\nThe benefit to companies is access to lower wage workforces in developing countries to reduce labor costs. Companies that can use low cost labor to produce products can realize a much greater profit margin and return to shareholders.\n\nAnother angle on globalization is corporations who relocate      overseas and reap a winfall of tax benefits and loop hole exemptions. Globalization is a wonderful break for corporations and will even the playing field between developed and developing countries.
612886
McDonaldization is a form of globalization.
464594
1. Globalisation. \n   \nNo longer can management think in the box. Focus is on the world much more than localities.\n\n2. Information Superhighway.\n\nThe World Wide Web has changed the way we market. Various options will need to be looked at before money is committed to any form of marketting.\n\n3. Delivery\n\nShipping used to be easy. With the world as your market, logistics have to be in place to meet these needs.\n\n4. International Laws\n\nThe boderless world however necessitates that we know and appreciate international laws which can affect us.\n\n5. Foreign Currency.\n\nHedging, Conversions, exchange rates etc all these are key to operating in the changing world .
406744
It means the level of political, economic and social integration among countries.\n\nOften, it is "economic integration" as the primary topic of discussion when it comes to globalization. Interesting to note that the US is far from the "most global" economy in world history - the 19th century UK.\n\nYou can measure the level of a country's economic integration by taking the sum of imports and exports and dividing by total GDP.\n\nIt is a well-documented fact that economic globalization leads to the greatest level of prosperity for countries. \n\nPolitical integration? That's a different story.
980161
Most developing countries have problems in areas where population  is higher as compared to income generating sources. Adding to these woes is lack of educational infrastructure to bring the masses into mainstream of business value streams.\n\nTherefore, the focus of government policies should be to direct FDI into areas which achieve two parts (a) generate maximum number of income avenues (b) have education/learning support.\n\nNow some of the best avenues in my view, for this two pronged avenue is to direct FDI into are those which rely on "first wave" of agriculture but also are a stepping stone to services e.g. agro/food processing and distribution businesses. \n\nSuch agrarian distribution businesses capitalize on the traditional know-how of masses whose main business in most cases is agriculture. It also introduces/educates the masses in a gradual way to standardization of methods, logistics, technological know-how for food processing/preservation and last but not the least, distribution in retail chains. Hence, the impact of investments is soft and yet wide spread (soft because people do not have to make a quantum shift in learning new technologies overnight).\n\nInvestments in high tech sectors in developing countries, definitely is a cost saver for the business houses but, it is, in short and medium term, never an employment generator and hence, does not benefit the developing countries.
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Globalization\nThe tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe and thereby increase the interconnectiveness of different markets.\n\nInvestopedia Says: In general, globalization is seen as making the world one community. The advantages and and disadvantages of globalization has been debated and scrutinized heavily in recent years. Proponents say that it helps Second and Third World nations catch up much faster through increased employment and technological advances. Opponents of globalization say that it reduces national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.\n\n\n"Globalization" can mean:\n\nThe formation of a global village — closer contact between different parts of the world, with increasing possibilities of personal exchange, mutual understanding and friendship between "world citizens", and creation of a global civilization. The World Bank defines globalization as the “Freedom and ability of individuals and firms to initiate voluntary economic transactions with residents of other countries”. \nEconomic globalization — there are four aspects to economic globalization, referring to four different flows across boundaries, namely flows of goods/services, i.e. 'free trade' (or at least freer trade), flows of people (migration), of capital and of technology. A consequence of economic globalization is increasing relations among members of an industry in different parts of the world (globalization of an industry), with a corresponding erosion of National Sovereignty in the economic sphere. The IMF defines globalization as “the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, freer international capital flows, and more rapid and widespread diffusion of technology” (IMF, World Economic Outlook, May, 1997). \nThe negative effects of for-profit multinational corporations — the use of substantial and sophisticated legal and financial means to circumvent the bounds of local laws and standards, in order to leverage the labor and services of unequally-developed regions against each other. \nThe spread of capitalism from developed to developing nations. \n"The concept of Globalisation refers both to the compression of the world and the intensification of consciousness of the world as a whole" - Roland Robertson \nIt shares a number of characteristics with internationalization and is used interchangeably, although some prefer to use globalization to emphasize the erosion of the nation-state or national boundaries.\n\nGlobalism, if the concept is reduced to its economic aspects, can be said to contrast with economic nationalism and protectionism. It is related to laissez-faire capitalism and neoliberalism.
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Definition: - "The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets."\n\nIt refers to the worldwide phenomenon of technological, economic, political and cultural exchanges, brought about by modern communication, transportation and legal infrastructure as well as the political choice to consciously open cross-border links in international trade and finance. It is a term used to describe how human beings are becoming more intertwined with each other around the world economically, politically, and culturally. Although these links are not new, they are more pervasive than ever before.\n\nThe economic aspects stressed in globalization are trade, investment and migration. The globalization of trade entails that human beings have greater access to a plethora of goods and services never seen before in human history. From German cars, to Colombian coffee, from Chinese clothing, to Egyptian cotton, from American music to Indian software, human beings may be able to purchase a wide range of goods and services. The globalization of investment takes place through Foreign Direct Investment, where multinational companies directly invest assets in a foreign country, or by indirect investment where individuals and institutions purchase and sell financial assets of other countries. Free migration allows individuals to find employment in jurisdictions where there are labor shortages.\n\nThe political aspects of globalization are evidenced when governments create international rules and institutions to deal with issues such as trade, human rights, and the environment. Among the new institutions and rules that have come to fruition as a result of globalization are the World Trade Organization, the Euro currency, the North American Free Trade Agreement, to name a few.\n\nCultural global ties also grow through globalization as news ideas and fashions through trade, travel and media move around the globe at lightning speed. Global brands such as Coca-Cola, Puma & Sony serve as common reference to consumers all over the World. An individual in China enjoys the same soft drink as an individual in Puerto Rico--at opposite ends of the globe. However, these ties may also cause strains: for example Western Ideas of freedom of expression may clash with Islamic views on Religious tolerance
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In business communication 'globalization' is following global standards in a business. This will enable the business with a global standard.. consider the paper sizes A4, A3 etc when a paper manufacturing company follow these standards then it is globalization... (few companies may follow some local paper sizes for note books, bill books, etc..) - Arun
79868
With the technological advances that shrink our world in the economic sense (think transportation and communication advances over the last 25-75 years), a global economy is a reality. Although the emotional negative of overseas outsourcing is real, the reality of the situation is that artificial obstacles to all aspects of free trade should be few and far between.
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one doing Business is being state of busyness,doing some transaction with a Aim to get some advantage out of that.\nadvantage may be cash or service any other form of favour except love.\n\nIndustrialisation is doing more produce.\n\nBusiness magnitude is propotioal to Industrialsation within a closed system provided no external input of products.
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Every other how Globalizatin is affecting India and U.S\n                   \n                        INDIA\n1) Stock Market: - Because of Globalization, FII's And FDI's are investing in our country in a huuge way, this leading to a boom in the stock market and strenghthening our economy.\n2) Higher Standard Of Living: - With multination companies coming in India after Globalization our living standard has risen due to better products being provided by them at nominal rates.\n3) More Employment: though our unemployment rate is still high, but as multinational companies are able to set up there offices over here, they are able give good job oportunities and are creating more jobs.\n\n                          U.S\n1) Offshoring of business: - Due to globalization, many of the U.S Busineses are being offshored to various other countries where there are cheap labour, as labour in U.S is very expensive.\n2) Reduction In Job Opportunity: - It can be logically followed from the first point that due to offshoring of business, the job opportunity in U.S have reduced considerably.\n3) Brain Drain: - Though businesses are being offshore to other countries, still there are a few jobs for which one has to go to U.S to achieve his/her dreams. Jobs related to astronomy is a example. People who need better infrastructure for their jobs are shifting to U.S.\n\nThere you have your answer.
500421
There are literally hundreds if not thousands of areas where globalization affects development\nEconomic, Social, political, environmental.\n\nYou need to more clearly define your question. Macro or micro? Statistical or anecdotal?\n\nI might research sources including the UN, World Economic Forum, IMF, World Bank, Greenpeace, Amnesty International, US Department of Commerce and its European Union Counterpart, The Asia Pacific Economic Council (APEC), the Organization of American States (OAS), and The Nature Conservancy to name a few
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it doesn't. Its not suppose to overcome it. It's at this point where all different cultures should be open to diversity and respect differences...and actually embrace it. We could learn so much from each other. And the answer to your other question...yes, i think it does contribute to the rise, because globalisation threatens diversity. globalisation is trying to make the world smaller and identical. When our identity's as different cultures, different religions are threatened, we would fight harder to keep it
850110
the thing is if u import cheaper ur resources will be located to some other industry so in the long term ur economy will benefit from it..the thing the more open and liberal u are the better u get..we could build an utopian society if only we wanted so..
408199
globalisation i feel does not benefit any DEVELOPING  nation including india. here the developing nations are forced to open their economies to the developed.if india continues to abide these policies then the prices of all our necessities might go up
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Honestly if you are a developing country, you are probalby leery at best of Globalizaton. It offers very little protection for your local industry and very often leads all the way to a loss of gov. sovergnity. One of the features of the globalization system is that debt ridden industrialzing countries recieve short term aid packages from the IMF/World Bank. The problem is the way the packages work, countries are required to adjust the structure of their economy to recieve aid. These used to be called structural adjustment programs (SAP's) but the name has been changed as a result of many riots resulting from sap actions. Part of the problem is everything is privatized very quickly but there is little done to ensure any kind of safety net for the locals or the local businesses. What results is transnational companys swoop in, take what they can essentially, and leave with their investments which cripple a country. Likewise, countries are often told what to produce, but the influx of a certain good hurts prices, and at a competitve disadvantage to developed countries this can be a killer.\n\nTo answer the last questions.... it is not a secure financial system as many NIC (newly industrializing countries) are more debt ridden and have higher unemployment than before. Likewise, legally a country has less say over its gov. because of the debt they have incurred of high interest short term loans. \n\nAnother problem is the transnationals dont get taxed very much by the gov. (as a rule of the saps) so the privitization process can occur very rapidly at a high cost to the country. Also property rights are secure for the new investors and their companies because of sap rule, but not for the country.\n\nAs i think it shows, for developing countries, neoliberal economics (globalization) is not a very user friendly system. The spoils all go the global elite while the countries being used to create that wealth often end up in worse shape than before.
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Global trade; Globalisation\n\n\nTrade will help bring countries togeather. Stop future unrests between countries.\n\nMakes countries and industries iterdependant so that the global and local economies will become more stable. \n\nBring better living conditions to the Indians through the infusion of new technologies in to their industries. \n\nBad: India is a very self sufficient nation; and very powerful too. Promoting global trade will greatly help India become a major powerhouse which will be a large threat to the developed nations.  \n\n\nSorry if i deviated from the point. Hope this helps