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  • Globalization Presentation

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    raajnanjai
    84 vizualizări16 pagini
    Globalization refers to the increasing global relationships of culture, people, and economic activity. It is generally used to refer to economic globalization: the global distribution of the production of goods and services. Globalization allows companies to reduce costs, benefits consumers with lower cost goods and services, and increases productivity and job creation.

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    Globalization refers to the increasing global relationships of culture, people, and economic activity. It is generally used to refer to economic globalization: the global distribution of the production of goods and services. Globalization allows companies to reduce costs, benefits consumers with lower cost goods and services, and increases productivity and job creation.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    84 vizualizări16 pagini

    Globalization Presentation

    Încărcat de

    raajnanjai
    Globalization refers to the increasing global relationships of culture, people, and economic activity. It is generally used to refer to economic globalization: the global distribution of the production of goods and services. Globalization allows companies to reduce costs, benefits consumers with lower cost goods and services, and increases productivity and job creation.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 16

    By: Raajkumar.

    It refers to the increasing global relationships


    of culture, people, and economic activity. It is generally used to refer to economic globalization:

    The global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import fees and the reduction of restrictions on the movement of capital and on investment.

    Globalization is hard to ignore. Take a minute to examine your mobile phone.


    Where did you buy the item?

    Where was it made?

    TWO CHARACTERISTICS:

    TWO FORCES:
    Falling Barriers to Trade/ Investment
    GATT WTO

    Denationalization- national boundaries becoming less relevant.

    Internationalization- entities cooperating across national borders.

    Technological Innovation
    Internet Communication Transportation

    Top Ten Globalized Countries

    Series1

    Expands the market in which consumers buy from


    Access EBay sellers from

    Two Strategies for Businesses:


    Global Strategy
    Reduce marketing costs by standardizing product and marketing strategy

    across the globe.

    Multi-National Strategy
    Adapt products and marketing strategies in each national market to suit local preferences

    Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation. -Larry Elder

    Outsourcing - Businesses moving manufacturing sectors to other countries in order to reduce labor costs and increase efficiency.
    Ex. car parts, computer parts, toys, clothes, etc.

    Increasing outsourcing of information and service sector jobs as communication technologies improve.
    Ex.: Call centers in India

    Sweatshop: A manufacturing workplace that typically treats its workers inhumanely, paying low wages, and imposing harsh and unsafe working conditions In some countries, workers do not have the protections that they have here

    Minimum wage, child labor laws, overtime, safety

    regulations, etc.

    Companies accused of using sweatshops:


    Nike, Disney, Wal-Mart

    Advantages:

    Increases wealth and efficiency in developed and developing nations Creates jobs in developed and developing nations Advances developing nations economies Decreases poverty in developing nations

    Disadvantage

    Increased likelihood of economic disruptions in one nation effecting all nations Increase in the chances of civil war within developing countries and open war between developed countries as they via for resources Decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries

    UNETHICAL PROBLEMS:

    Global Inequality
    Widening gap of rich and poor

    Environmental Regulations
    Emission of harmful toxins

    Exploits Labor Standards


    Reduction of wages Long hours (12 or more)

    No benefits

    We must ensure that the global market is embedded in broadly shared values and practices that reflect global social needs, and that all the world's people share the benefits of globalization. -- Kofi Annan

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