Globalization Drivers
Table of Contents
Globalization 2 Causes and effects of Globalization 3 Globalization drivers 6 Conclusion 9 References 9
GLOBALIZATION DRIVERS
Globalization
According to Czinkota, M. Ronkainen, I. Moffett, M. Marinova, S. Marinov, M. (2005), Globalization reflects a business orientation based on the belief that the world is becoming more homogeneous and that distinctions between national markets are not only fading but, for some products, will eventually disappear.
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. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange
The advantages and disadvantages of globalization have been heavily scrutinized and debated in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labour is much cheaper.
Causes and effects of Globalization
According to Alexander, C., & Warwick, K. (2007), First of all Globalization is a positive thing and it benefits a country who, for example, specializes in a certain product and then exchange that good with other countries. But it does not only have positive aspects. Also the disadvantages have to be noticed I regard to this topic.
Economic integration and free trade conditions have produced an unstoppable movement towards economic globalization. Most economists applaud the trend, pointing to the modernization and growing wealth that have resulted. But many countries have been forgotten or have even been harmed by globalization. So what have been the positive and negative effects of this globalization trend?
First
Globalization 2 Causes and effects of Globalization 3 Globalization drivers 6 Conclusion 9 References 9
GLOBALIZATION DRIVERS
Globalization
According to Czinkota, M. Ronkainen, I. Moffett, M. Marinova, S. Marinov, M. (2005), Globalization reflects a business orientation based on the belief that the world is becoming more homogeneous and that distinctions between national markets are not only fading but, for some products, will eventually disappear.
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. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange
The advantages and disadvantages of globalization have been heavily scrutinized and debated in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labour is much cheaper.
Causes and effects of Globalization
According to Alexander, C., & Warwick, K. (2007), First of all Globalization is a positive thing and it benefits a country who, for example, specializes in a certain product and then exchange that good with other countries. But it does not only have positive aspects. Also the disadvantages have to be noticed I regard to this topic.
Economic integration and free trade conditions have produced an unstoppable movement towards economic globalization. Most economists applaud the trend, pointing to the modernization and growing wealth that have resulted. But many countries have been forgotten or have even been harmed by globalization. So what have been the positive and negative effects of this globalization trend?
First
References: Czinkota, M. Ronkainen, I. Moffett, M. Marinova, S. Marinov, M. (2005). International Business : South- Western, Chichester, England. Ananthram, S., & Pearson, C. (2008). The Impact of Macro Level Drivers of Globalization on Organizational Reform Measures in Indian and Chinese Service Organizations: An Exploratory Insight. South Asian Journal of Management, 15(4), 7-43. Retrieved from Business Source Complete database. (2008). Two Surveys Reveal Perils and Promise of Globalization. Managing Imports & Exports, 2008(9), 1-14. Retrieved from Business Source Complete database. Alexander, C., & Warwick, K. (2007). Governments, Exports and Growth: Responding to the Challenges and Opportunities of Globalisation. World Economy, 30(1), 177-194. doi:10.1111/j.1467-9701.2007.00877.x.