GLOBALISATION AND POLITICS Literature Review We live in the fast growing world of globalization where the entire world has now shrunken into a small global village. Globalization has often been regarded as the ‘cradle’ of global economic development. This so called ‘world liberator’ however has not escaped criticism as opponents claim that it has been the cause of social evils and rising levels of poverty in developing countries. Due to the nature of globalization and in its
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Introduction The globalisation of business and commerce has become an increasingly significant reality worldwide: in 2000‚ the global trade in goods and services reached 25% of world GDP (Govidarajan & Gupta 2000)‚ while in terms of manufactured goods‚ international trade has multiplied by more than 100 times since 1955 (Schifferes 2007). The rise of globalisation posits a number of important challenges to a business seeking international presence. Numerous strategic aspects must be taken into
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GLOBALISATION CHAPTER TWO 1.0 INTRODUCTION 1.1 Overview of the African Continent Africa is the world ’s second largest and second most populous continent with about 30.2 million square kilometers (11.7 million square miles) including adjacent islands‚ it covers six percent of the Earth ’s total surface area and 20.4 percent of the total land area. With 1.0 billion people (as of 2009)‚ it accounts for about 14.72% of the world ’s human population. The continent is surrounded by the Mediterranean
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The Rights and Responsibilities of Multinational Companies in a Globalized World Multinational companies are the biggest players in economy today‚ replacing the role states used to play in the past. Through globalization‚ the multinational companies become increasingly important in our world economy. Nowadays‚ more than half of the top economies in the world are led by multinational private companies and the international investment comes increasingly from private sources. Foreign Direct Investment
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“CULTURAL ISSUES IN THE MULTINATIONAL COMPANIES” By Lubomir Genov № 1223280 Presented to chief assistant professor Kiril Dimitrov‚ Ph.D Cross cultural issues in the European human resource management University of National and World Economy – Sofia‚ Bulgaria Nottingham Trent University – UK Great Britain & North Ireland Sofia‚ October 29‚ 2012 Contents Introduction The process of globalization‚ accompanied by the reduction of the obstacles in front of the free
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Globalisation refers to the increased integration and interdependence of the world economy’s. These are some reasons to explain the growth of globalisation 1. Increase in Free Trade. Since the second world war‚ tariffs have generally been reduced. This has been encouraged through organisations such as the WTO. This has increased trade between different countries; this is an important factor in the process of globalisation. 2. Technology Technology has improved communication between different
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we have not been able to lower one’s guard. So it will obvious that we should pay more attention on business and try to analyse benefit on business system. Turning to this essay‚ it will firstly discuss how globalisation impact business. Subsequently it will make an example in this article. Finally‚ it will talk about positive and negative of each method in this case. How globalisation impact business With the increasing economy globalisation‚ there are more connection between globalisation and
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defined as the process of integration and interaction among the governments‚ companies‚ and people of different countries. It is a process which is driven by investment and international trade. It is aided mainly by information technology. Globalization has the effect on a number of things‚ some of which include culture‚ environment‚ economic development‚ political systems and the general human physical well-being among the societies in the world. Globalization can also be thought as a process which leads
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ECONOMIC GLOBALIZATION AND THE ROLE OF INDIA IN THE PROCESS BY Dr V P RAGHAVAN SENIOR FELLOW MINISTRY OF CULTURE GOVERNMENT OF INDIA e-mail:drvpraghavan@yahoo.co.in ECONOMIC GLOBALIZATION AND THE ROLE OF INDIA IN THE PROCESS Introduction Globalization is the captivating catchword all over the world. Some may praise its gainful fortunes while others denigrate its disfavoring vices. Globalization‚ as an economic phenomenon‚ denotes
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product (labor‚ ingredient‚ part‚ etc) that is rare or less costly than producing it in the home country; therefore establishing a Multinational Corporation is a win-win for the host country as far as supply‚ demand‚ labor and cost. Many corporations currently engage in Multinational Enterprise and are successful in their efforts. Having businesses that are active in MNC truly creates a global business community where mutual interests and product development are core to the needs of the customer‚ business
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