DRIVERS OF GLOBALIZATION[1] ISHRAT HUSAIN Having listened to distinguished luminaries such as Prof Ishwar Dayal there is hardly very much I can add or contribute to the discourse initiated this morning. But as a student of economics I know that I should stick to my comparative advantage. What I therefore propose to do this afternoon is to spell out what I consider are the main Drivers of Globalization . I would then argue that unless we understand those Drivers of Globalization we cannot
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There is no commonly accepted definition of ?off shoring? in the public debate nor in the economic literature. However‚ the term ?off shoring? is widely used as a particular subcategory of ?outsourcing?. The latter has been defined as ?the act of transferring some of a company?s recurring interval activities and decision rights to outside providers‚ as set in a contract?. The typical consequence of such a decision is a decline of employment in the plant/firm that is doing the ?outsourcing? and a
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Reasons for the flourish of fast food industry in India • The transformation of gender roles- Earlier‚ women were supposed to cook for the family while men worked out for an income. But now the responsibilities of house hold affairs are shared equally by men and women. Now a days both the husband and the wife go for work and they find it easier to substitute home meals with fast food. • Scarcity of time- The world today is very busy and people have no time to spare even to talk to others. This
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GLOBALIZATION. ADVANTAGES AND DISADVANTAGES. Globalization can be described as a process by which the people of the world are unified into a single society and function together. This process is a combination of economic‚ technological‚ sociocultural and political forces. It’s a movement of people‚ goods‚ capital and ideas due to increased economic integration. Globalization is a controversial issue mainly because different groups interpret it in different ways. For its opponents globalization is
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Globalization – Threat or Opportunity? 1 Introduction Globalization is a term used to describe the political‚ economic and cultural climate of today’s world. Some say it is the movement of people‚ language‚ ideas‚ and products around the world. Others see it as the dominance of multinational corporations and the destruction of cultural identities. Since the dawn of man‚ economies have been changing and expanding‚ but most importantly‚ converging
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Globalization‚ as the name suggests‚ is a global economic movement which involves all national and international economic players‚ including the all pervasive bureaucracy. It is a multi-role‚ multi-layered phenomenon in which everyone contributes his bit. The growing progress of science and faster means of communication have converted the world into a global village wherein people from all strata of society have converged to share the economic benefits which are a resultant of increase in production
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It is traditional to divide industries into categories according to the degree of competition that exists between the firms within the industry. There are four such categories. At one extreme is perfect competition‚ where there are very many firms competing. At the other extreme is monopoly‚ where there are just one firm in the industry‚ and hence no competition from within the industry. In the middle come monopolistic competition‚ which involves quite a lot of firms competing and where there is
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The Effects of Globalization on Labor Relations in the Auto Industry in the 80s and 90s Over the last several decades Labor relations within the United Auto Workers (UAW) and the automakers they are attached to have been a roller coaster ride. In the 1960’s and 1970’s the Union made substantial gains for its members in all aspects of bargaining. Wages were increased at levels unheard of today and they made huge improvements on health care and other fringe benefits. Membership was steadily
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ECONOMICS OF GLOBALIZATION SAURABH SINGH SCHOOL OF BUSINESS (2012) (GALGOTIAS UNIVERSITY) Name: Saurabh Singh MBA(Batch 1) 12SOB102234
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Summary Global marketing marketing on a worldwide scale reconciling or taking commercial advantage of global operational differences‚ similarities and opportunities in order to meet global objectives" One of the product categories in which global competition has been easy to track in U.S.is automotive sales. The increasing intensity of competition in global markets is a challenge facing companies at all stages of involvement in international markets. As markets open up‚ and become more integrated
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