Globalization is a buzzword. It refers to the economic, technological, social, and cultural integration of people, companies, and governments worldwide. The process of globalization has been greatly facilitated by advances in technology, particularly in communication and transportation.
Globalization has brought many benefits, including increased trade and investment, lower prices for consumer goods, and access to new markets and new technologies. However, it has also led to some adverse outcomes, such as the displacement of workers, environmental degradation, and the exploitation of cheap labor in developing countries. As processes of globalization continue, it is essential to study its effects to understand its impact on our world.
The term globalisation connotes the integration of national economies into a single worldwide economic system. Globalisation has spruced the markets, competition and the free flow of knowledge, services, goods and capital. Globalisation has bestowed quicker development, easier access to novel technical know-how, and offers cut-throat competition through cheaper imports. Globalisation...
Organizations are faced with a number of themes and issues, which they need to be compliant with for survival and augmented profitability. The themes and issues majorly surround corporate social responsibility (CSR) and globalization. Environmental conservation as a CSR Environmental conservation as a corporate responsibility has influenced organizations for quite...
Nowadays, in the business world, companies are expanding their activities on a global basis. Mergers and acquisitions are turning small to medium companies into real market giants. To think that only a few years back, one or two decades ago, companies conducted business in certain local markets. These factors made...
Language barrier When target countries speak different languages from a parent country, then this may prove to be a challenge as members need to either learn the new language or look for very effective translators. The process of learning these languages may be a difficult one that may take longer...
In the 21st century, there is no doubt that the world is interconnected thanks to the new era of globalization. Many countries trade goods and services for their own benefit. Vast capital flows can transfer anywhere around the world. A connection exists between globalization, free trade, and trade liberalization. Global...
An important area of globalization is economic globalization. This includes the integration of country economies in the world. The globalists see this to be the perfect way of reducing poverty. They argue that developing countries need to open up to the world and attract investments for their economies to grow...
The nature of most multinational enterprises (MNEs) in Asia is characterized by globalization and semi-globalization. MNEs expand internationally in assuming that specific markets are integrated for their specific use and not in terms of there being a homogeneous existence of location advantages. The benefits of setting up fully integrated manufacturing...
Globalization processes have a significant impact on the conditions of national and global markets and their participants. With the development of digital technologies and the spread of e-commerce, the share of exports and imports in various states has increased significantly, and international transactions have expanded. These tendencies allow even small...
The principle stipulated by the Treaty of Waitangi has revealed that the British government entitles the Native Chiefs and Tribes of New Zealand with the rights to sovereignty and royal protection. According to the articles, expressing the principles of equal attitude to culturally diverse population can be assessed as one...
Many countries today are faced with an inevitable challenge in the path of progress. While the country’s population is increasing, it needs to create more and more opportunities for work and self-realization. While many believe that the free market can regulate itself, this is not entirely true. Russia, with its...
Globalization is the transition from the economies of separate countries to the economy of international scale. The tendency in the era of globalization can be traced through particular characteristics that describe the current state of the economy in the world. All countries are situated on different levels of economic development,...
Introduction Globalization has caused drastic environmental, political, social, economic, and cultural changes, which are attributed to various human activities. The political, social, and economic structures of the modern society have led to various implications that have resulted in incompatibilities that created conflicts. Consequently, the conflicts tend to create environments that...
Introduction The challenges of global sustainability are many and difficult to solve due to the geographical location of various parts of the world, policies, cultures, and other related aspects. However, globalization has enabled the unprecedented connection of distant places making the world one global village. The increasing global interconnectedness has...
Introduction The smartphone industry is one of the most rapidly developing fields, and this fact inevitably leads to the emergence of conflicts between prominent companies. Hence, the case of Samsung and Apple negotiating about the legitimacy of their actions is no exception to the rule. The mentioned enterprises were actively...
Introduction Globalization widely implies the interaction and connectivity of countries. In another context, globalization refers to the integration process, particularly for nations, usually at a higher quality level than historical stages of social development. There are numerous ways in which globalization impacts the economy, notably through economic policy changes. Although...
OPEC and Global Energy The economy of the modern world stands on a foundation consisting of oil, gasoline, and hydrocarbons. The black liquid substance flowing from the Earth’s bowels is the most valuable fuel, on the price fluctuations of which states make money. At the same time, it is evident...
Introduction This chapter is an introductory chapter that delves into issues related to globalization. In other words, it introduces the key concepts and reviews that would be discussed in the entire paper. The chapter presents the background information regarding the effects of globalization in Nigeria. Under the background information, the...
Introduction Globalisation has been a phenomenon affecting world business and economy since Columbus and Da Gama started their voyages from the Mediterranean and the Cape of Good Hope. It is a part of world history, in the conduct of world trade and commerce, including political practices of nation-states. Globalisation is...
Introduction Macau was established by the Portuguese in 1557, and the Macau-Portuguese authorities first legalized gambling in 1847. The monopolies acquired exclusive rights to the industry in 1937. The Sociedade de Turismo e Diversoes de Macau (STDM) won a monopoly concession in 1962 and obtained dominance of the gaming industry...
Introduction Authors like Wallenstein, Cooper, and Hobsbawn hold that a specific historical demarcation of globalisation does not exist. Instead, what exists is a randomly conjoined shamble of recent eras starting from the seventeenth century onwards. However, Wallenstein and fellow theorists ascribing or contributing to the literature on globalisation have their...
Introduction The question, “Is globalization simply imperialism by another name?” arouses the mind to active deliberations, analyses, and conclusions regarding what may, at first sight, appear to be an obvious social good, viz. globalization. However, after careful consideration, it becomes apparent that it may be a social ill, at least...
Introduction There are four characteristics that are in demand within a technology oriented enterprise, namely: high market responsiveness, fast developments, low cost, and finally high levels of creativity, innovation and efficiency. What must be understood though is that such characteristics are dependent upon the type of technical teams that are...
Background Globalisation has always been a fascinating subject because many people associate with it progress, growth, intellectual expansion, and wealth. Despite such associations, the real picture of globalisation is far from being positive. Experts at global policy forums are warning about the current and future effects of globalisation and say...
For many years, the topic of social justice was considered and discussed primarily in the context of social relations and the impact of authorities’ decisions on these relations. However, the process of globalization and its resulting tendency towards overcoming barriers between nations has led to the development of a new...
Introduction Globalization has fuelled the development of economic blocks among countries that originally lived thousands of miles away from one another. It has enhanced the development of economic integration between Canada, Mexico, and the United States of America through international trade activities. In a global world, with lots of different...
The government imposes a very important part in the home country’s international transactions and global strategy. The research focuses on gathering professional journals on the government’s task in the global market place is to aid the country’s multinational companies in their goal to sell their products and services around the...
The idea of multiculturalism and globalization faces numerous debates; however, this phenomenon is an important part of democratic citizenship development and nation-building. Nowadays, globalization is an inseparable characteristic of the social development connected with citizenship and leadership, which complements the multiply society. Analyzing the works of various researchers, I would...
The globalization process has affected every facet of today’s social lives including politics, culture, economy and education in Romania. Effect of globalization in Romanian education can be seen by the changes that the Bologna Accord brought to its higher education systems. This Accord was meant to create a European Higher...
Throughout history humankind has progressively evolved from one epoch to the other, in terms of technology and activities. Of all living beings, humankind is the only rational being. This aspect has seen humankind desire to dominate and subjugate the world. Wars of conquest have existed since humankind surfaced on the...
Introduction Globalisation has eased the way people communicate following the recent past immense development in the telephony and internet technologies. Indeed, globalisation, which is enhanced by technological development, has altered the manner in which people currently work and/or do business within and between countries. Today, customised financial management applications have...
Abstract The present study is dedicated to the investigation of the global market of mergers and acquisitions as a new form of corporate finance and restructuring of companies in the attempt to gain financial leverage and to enter new markets. Upon the review of global tendencies in M&A from the...
Introduction In today’s world, when traditional political and economic terminology can hardly be used to effectively define the realities of post-industrial living, it becomes the matter of foremost importance for just about anybody, to understand how the rapid development of informational technologies, along with continuous deterioration of classical concept of...
Introduction The last decades of 20th century have been marked with the emergence of new socio-political reality, which now is being discussed in terms of Globalization. This reality’s most obvious characteristic is the fact that in “brave borderless world”, the traditional principles of political governing are being increasingly deprived of...
Introduction The international business scenario and the total world economic environment are undergoing profound instances of change. Factors like the fast pace of the development in technology, changes in the world markets due to rapid changes in consumer preferences and tastes, formation of large global corporations due to mergers and...
Introduction The theoretical base of globalization and principles for development faces different philosophical and economical approaches. In this respect, the drive for understanding how globalization spreads in the contemporary world props up against the previous hypothesis. The historical analysis of the humanity in past few centuries admits the fastened tempos...
