GLOBALISATION AND LIFE INSURANCE Dr. H. Sadhak Director‚ Management Development Center Life Insurance Corporation of India A. Globalisation & Liberalisation Globalisation‚ according to Penguin Dictionary of Economics‚ “Stresses the geographical dispersion of industrial and service activities (for example research and development‚ sourcing of inputs‚ production‚ distribution) and the cross boarder networking of companies (for example through joint ventures and the sharing of assets”. According
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The drivers of globalisation are those pressures or changes that have impelled both businesses and nations to adopt this approach. There are four different drivers: 1. Cost drivers These seek out an advantage to a business from the possible lowering of the cost of the service or production‚ and would include: gaining economies of scale from increasing the size of the business operation; the development and growth of technological innovation; lower labour and other resource costs in developing
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GLOBALISATION – The world today has been described as a ‘global village’‚ this stems from Marshall Mc Luhan’s concept that ‘the globe has been contracted into a village by electric technology and the instantaneous movement of information from every quarter to every point at the same time’. Mc Luhan has only described one aspect of how the world has become a global village. A closer examination of globalisation will indicate that indeed the barriers of space‚ time and borders which once existed
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state have played a part in moulding Ireland’s employment relations model in recent decades and whether or not I favour the ‘globalists’ or ‘sceptics’ view on just how great there influence has been . Firstly I need to establish what globalisation is. Globalisation connotes the stretching and intensification of social‚ economic and political relations across continents (Held et all‚ 1999). Capital is the first actor which I am going to look at. In the early 1950s Ireland was a closed economy.
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I) Introduction Globalisation is bringing the world economies toward a system where goods‚ services‚ capital and ideas are free to move without boundaries. Many salutes this trend as beneficial for the global economies while others perceive it like a threat to their own welfare. Especially the theme of off-shoring‚ which cause the replacement of many works to less development countries‚ is developing a debate on whether free trade should be limited in order to preserve domestic labour. This report
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Globalisation to Glocalisation: In Public Relations Globalisation‚ a widely discussed topic and is not all that easy to explain in such complicated terms in simple words. This essay seeks to present an overview of how globalisation came about which impacted the way of public relations by shifting its perspective towards glocalisation. In the beginning‚ advancements in technologies such as mobile phones‚ aeroplanes‚ telephones and the internet had made the growth in transport in communications networks
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Introduction Globalisation is the internationalisation of trade‚ labour and finance. There are various reasons why a business may decide to expand globally and several methods that a business would use to do this. Global businesses face several specific issues including financial‚ political and social/cultural issues and these shall all be discussed in detail below with reference made to the global business IKEA. 1 Outline the reasons for global expansion: 1.1 Increase sales and find
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Globalisation and Terrorism: Impact on Global Business Environment _____________________________________________ Table of Contents EXECUTIVE SUMMARY 4 1.0 INTRODUCTION 6 2.0 CAUSE-AND-EFFECT BETWEEN GLOBALISATION & TERRORISM 7 2.1 Economic Inequality 7 2.2 Cultural Homogeneity 8 2.3 Digitization of Money 8 2.4 Volume of International Trade 9 2.5 Larger Victim Base 9 3.0 IMPACT OF TERORISM ON GLOBAL BUSINESS ENVIRONMENT 10 3.1 Movement of goods 10 3.2 Movement of
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Qantas Globalisation Introduction (Introduction to case/Case background) - In July/August of 2011‚ three unions‚ the Transport Worker’s Union‚ Australian and International Pilots Association and the Australian Licensed Aircraft Engineers Association began to take industrial action against Qantas‚ demanding better pay and conditions for engineers‚ pilots and groundworkers to account for the rise in the rate of inflation. - Admist the existing dispute between Qantas and the unions‚ CEO Alan Joyce
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The drawbacks of Globalisation There are several problems with globalisation. This can be illustrated by the creation of multi-national companies; developed countries can stifle development of undeveloped and under-developed countries. For instance‚ the European Union offer subsidies to farmers across Europe‚ which allows European farmers to have increased yields. So for a country like Kenya‚ they cannot export or sell agricultural goods as well as they could have. This economical factor puts
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