Developed Country and Globalization

Powerful Essays
Organization Culture

May Abd-El-Hady
Contemporary Management
2/17/2012

Globalization

Kofi Annan once said: - Globalization is a fact of life, but I believe that we have underestimated its fragility”. Globalization is a new term that has found a significant place in the lives of the people, what is globalization? How can we feel its effect on our everyday’s life? What are its pros and cons? What’s its effect on companies SWOT analysis? All of this questions will be discussed throughout this few pages.

Everyone experiences the effect of globalization and international transaction every day, as you wake up by an GE alarm which has made in china, then you have coffee using your Black and Decker coffee maker made in the United States, you check your Nokia mobile phone that has been designed in Finland, manufactured at the united states, using parts from Taiwan, and so on, it feels like we are taking a virtual trip around the world every day. By globalization, we mean shedding down the walls of distrust and the barriers of suspicion in between countries, to make a bridge where ideas and beliefs can cross the borders. Though globalization today primarily covers the economical side, the impact is not limited to the economy only. It actually affects every aspect of life, like cultural, social, psychological and of course, political. While globalization is seen as a sign of a hopeful future by some, there are others who believe that it can cause tremendous disaster for the world economy. The major boom at the information technology felid, also the ability to acquire talents with the off shoring solutions, and the drastic reduction at trade barriers by institutions such as The General Agreement on Tariffs and Trade and The World Trade Organization are the major forces driving globalization.
One of the main events resulted from globalization, is the huge increase at off shoring business. Off Shoring simply mean locating the business at another place, at old



References: - * International Business by John J. Wild & Kenneth L. Wild. * Aryeetey E & International Labor Organisation (ILO) 2004, Globalization, employment and poverty reduction: a case study of Ghana: report of a study commissioned by the International Labour Organization. s.n., New York. * Aurifeille, J 2006, leading economic and managerial issues involving globalization. Nova Publishers, New York. * Bhagwati, J 2004, In Defense of Globalization, Oxford University Press, New York * Chan, SC & Scarritt, JR 2002, Coping with globalization: cross-national patterns in domestic governance and policy performance. Taylor & Francis, New York. * Corsi, C 2000, Innovation and market globalization: the position of SME’s, IOS Press, Amsterdam. * Dierks, RG 2001, Introduction to globalization: political and economic perspectives for the new century, Rowman & Littlefield, Lanham, MD * Gangopadhyay, P & Chatterji, M 2005, Economics of globalization. Ashgate Publishing,

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