Developing A new International Business Idea
GLOBALIZATION
Globalization is the increasing integration of different national economies into one global market economy. It alters competitiveness conditions with the arrival of new players on the global scene and causes traditional roles to be redefined.
GLOBALIZATION AS A GLOBAL TREND
What seems to be a novelty is, in fact, a series of changes related primarily to the gradual removal of trade barriers, financial market deregulation, the communication technology revolution, and the impact of a more informed society.
The causes of the current globalization wave include:
• Technical and scientific progress, especially developments in the telecommunications sector and the communications sector as a whole.
• Widespread transport use on an international scale.
• A strong increase in demand for goods and services, resulting from a wealthier population and greater life expectancy.
THE DIMENSIONS OF GLOBALIZATION
Globalization is far from being one-dimensional.
Economically, the primary effects of globalization are seen in the reduction of protectionist policies, the liberalization of international economic transactions, and the expansion of Foreign Direct Investment (FDI).
Technological advances contribute decisively to productivity improvement, economic growth, and international trade.
From a political perspective, one of the consequences of globalization is the loss of the countries’ independence on certain issues in that international decisions are directly filtered through or managed by international organizations.
Globalization also affects the countries’ socio-cultural systems. World cultures met, and the main consequence was in cultural cross-influences. In addition, environmental concern became part of enterprise management.
EXPECTED GROWTH
It is predicted that the current market deregulation trend will continue over the next few years. Globalization will bring about a series of changes that will influence how the world will evolve over the
Globalization is the increasing integration of different national economies into one global market economy. It alters competitiveness conditions with the arrival of new players on the global scene and causes traditional roles to be redefined.
GLOBALIZATION AS A GLOBAL TREND
What seems to be a novelty is, in fact, a series of changes related primarily to the gradual removal of trade barriers, financial market deregulation, the communication technology revolution, and the impact of a more informed society.
The causes of the current globalization wave include:
• Technical and scientific progress, especially developments in the telecommunications sector and the communications sector as a whole.
• Widespread transport use on an international scale.
• A strong increase in demand for goods and services, resulting from a wealthier population and greater life expectancy.
THE DIMENSIONS OF GLOBALIZATION
Globalization is far from being one-dimensional.
Economically, the primary effects of globalization are seen in the reduction of protectionist policies, the liberalization of international economic transactions, and the expansion of Foreign Direct Investment (FDI).
Technological advances contribute decisively to productivity improvement, economic growth, and international trade.
From a political perspective, one of the consequences of globalization is the loss of the countries’ independence on certain issues in that international decisions are directly filtered through or managed by international organizations.
Globalization also affects the countries’ socio-cultural systems. World cultures met, and the main consequence was in cultural cross-influences. In addition, environmental concern became part of enterprise management.
EXPECTED GROWTH
It is predicted that the current market deregulation trend will continue over the next few years. Globalization will bring about a series of changes that will influence how the world will evolve over the