The Impact of Globalization on the Retail Industry in South Africa
The impact of Globalization on the Retail Industry in South Africa
by
Niezaam Jedaar
18 March 2011
Submitted as part of the requirements for
Business Fundamentals
in the
B Tech (I.T.)
program at the
Cape Peninsula University of Technology
PLAGIARISM DECLARATION
Plagiarism is defined as the unacknowledged or unattributed copying of material from any information source whether written, printed or electronic. This includes copying from a fellow student. The use of such material is a form of fraud and is clearly unethical. All essays and related material submitted as part of a module assessment must be accompanied by the following signed declaration.
I declare that the following work, which I am submitting for assessment, contains no section copied in whole or part from any other source, unless it is explicitly identified by means of quotation marks. I declare that I have also acknowledged such quotations by providing detailed reference to the source material, in approved format.
I understand that failure to identify copied material and to provide appropriate referencing both constitute plagiarism, which is a serious offence.
Name: Niezaam Jedaar
Signed: [pic]
Date: 18 March 2011
INDEX
1. INTRODUCTION…………………………………………………………………… 3
2. DESCRIBING THE GLOBALIZATION TERM……………………………….…3
3. WHAT’S GOOD ABOUT GLOBALIZATION? ......................................................4
4. WHAT’S BAD ABOUT GLOBALIZATION? …………………………………….5
5. WALMART PROPOSED TAKEOVER OF MASSMART...……………………..6
6. CONCLUSION……………………………………………………………………….9
7. REFERENCES………………………………………………………………………10
1. INTRODUCTION
Globalization is a term that has been defined in a lot of ways with it also being described as “a particularly controversial term” (Baylis & Smith, 2001: 1). Globalization like all things in life consists of good and bad things.
The objective of this essay is to examine the impact Globalization has on the South African business and particularly in the retail industry
by
Niezaam Jedaar
18 March 2011
Submitted as part of the requirements for
Business Fundamentals
in the
B Tech (I.T.)
program at the
Cape Peninsula University of Technology
PLAGIARISM DECLARATION
Plagiarism is defined as the unacknowledged or unattributed copying of material from any information source whether written, printed or electronic. This includes copying from a fellow student. The use of such material is a form of fraud and is clearly unethical. All essays and related material submitted as part of a module assessment must be accompanied by the following signed declaration.
I declare that the following work, which I am submitting for assessment, contains no section copied in whole or part from any other source, unless it is explicitly identified by means of quotation marks. I declare that I have also acknowledged such quotations by providing detailed reference to the source material, in approved format.
I understand that failure to identify copied material and to provide appropriate referencing both constitute plagiarism, which is a serious offence.
Name: Niezaam Jedaar
Signed: [pic]
Date: 18 March 2011
INDEX
1. INTRODUCTION…………………………………………………………………… 3
2. DESCRIBING THE GLOBALIZATION TERM……………………………….…3
3. WHAT’S GOOD ABOUT GLOBALIZATION? ......................................................4
4. WHAT’S BAD ABOUT GLOBALIZATION? …………………………………….5
5. WALMART PROPOSED TAKEOVER OF MASSMART...……………………..6
6. CONCLUSION……………………………………………………………………….9
7. REFERENCES………………………………………………………………………10
1. INTRODUCTION
Globalization is a term that has been defined in a lot of ways with it also being described as “a particularly controversial term” (Baylis & Smith, 2001: 1). Globalization like all things in life consists of good and bad things.
The objective of this essay is to examine the impact Globalization has on the South African business and particularly in the retail industry
References: 2. Dasgupta, S. & Kiely, R. 2006. Globalization and After. New Delhi: Sage Publications India Pvt Ltd. 3. Dunning, John H. 2000. Regions, Globalization, and the knowledge-based economy. 4. Goldsmith, E. & Mander, J. 2001. The Case Against the Global Economy: And for a Turn Towards Localization 5. Kirkbride, P. 2001. Globalization: the external pressures. Chichester: John Wiley & Sons, LTD. 6. Kirkbride, P. & Ward, K. 2001. Globalization: the internal dynamic. Chichester: John Wiley & Sons, LTD. 7. Waters, M. 2001. Globalization. 2nd Edition. Great Britain: Clays Ltd, St Ives plc. 9. Investec Securities Ltd (SA) (2011). Massmart in a Walmart world. 27 January 2011. 10. UBS Investment Research (2010). UBS Global I/O: SA Retailers and Wal-Mart. 26 July 2010. Cohn, D., Currie, N., Hughes, A. & Taylor, M.