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8/8/2019 LCM MBA Globalization
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Globalization
By :-ANANT SONI
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IntroductionIntroductionGlobalization refers to theGlobalization refers to the
rapidly developing process of rapidly developing process of complex interconnectionscomplex interconnectionsbetween societiesbetween societies
Many, if not most, of theMany, if not most, of thethings we buy are usuallythings we buy are usually
made from another countrymade from another country
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Wh at is Globalization?Wh at is Globalization?
Globalization is theGlobalization is theprocess of internationalprocess of internationalintegration of products,integration of products,
technologies, humantechnologies, humanresources, capital,resources, capital,
information and cultureinformation and culture ..
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Wh at is Globalization?Wh at is Globalization?
As Globalization progresses,
economics social andpolitical of differentcountries more freely
interacts with one anotherand adapt to promote
further interaction.
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Wh at is Globalization?Wh at is Globalization?
Main PartsGlobalizationof EconomyGlobalizationof Politics
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Wh at is Globalization?Wh at is Globalization?
Main PartsGlobalizationof Human
FlowsGlobalizationof Culture
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LEVELS AND INDICATOR S
OFG L OBA L IZATION
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W ORLD LEVEL GLOBALIZATIONW ORLD LEVEL GLOBALIZATION- -
Foreign Direct InvestmentGDP
Multinational Companies
Foreign ExchangeForeign Exchange Markets
Balance of Payments (BoP)
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COUNTRY LEVEL GLOBALIZATIONCOUNTRY LEVEL GLOBALIZATION- -
National IncomeInvestment Income
International Tourism Traffic
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INDUSTRY LEVEL GLOBALIZATIONINDUSTRY LEVEL GLOBALIZATION- -
Industry ExportsForeign Investment in Industry
Investment Income
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F IRM LEVEL GLOBALIZATIONF IRM LEVEL GLOBALIZATION- -
Entry to Foreign MarketInternational Licensing
Joint Venture
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Globalization TrendsGlobalization TrendsR eduction in Import tariffs
R emoval of quantitativerestriction
Liberalization of Entry of Multinational Corporation
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Recent measure to promoteRecent measure to promoteGlobalizationGlobalization
T rade measure
Foreign Investment measure
Foreign portfolio management
External commercial borrowing
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Benefits of Globalization
Faster economic growthBetter living standardsDemocratization
Free interchange of ideas,values; new opportunities
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Cost of GlobalizationCost of Globalization
Greater risk/variance in
outcomesGreater income inequality
Social dislocationMarketplace doesn't alwaysadvance social objectives
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C h allenges of Global Diversity
Diversity and complexityof systems that
transnational
corporations facecreates challenges
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C h allenges of Global Diversity
If a company does business in a
nation that does not grantwomen equal rights, should thatcompany hire and promotewomen at work, even if itviolates local laws and customs?
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C h allenges of Global Diversity
If a company does business in a
nation that does not grant womenequal rights, should that companyhire and promote women at work,even if it violates local laws andcustoms?
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E conomic globalization is good becauseBig firms means more efficiencyA bigger economic cake for al globallyFree movement of money means that LDCs can
developTrue : the world economy is bigger & more of the world can afford modern consumer goodsOther positive benefits include the transmissionof common values on human & civil rights,democracy and exposure to culture diversityResistance movements are in one sense a
symptom of the wider process
Globalization : Good or Bad?
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BUT negative sides to (economic) globalization Anti-globalization protesters highlight these at G8 summitsKey issues
Effect on democracy & national governmentsGrowing wealth inequalitiesExcessive power of TN Cs & financial markets
Globalization benefits the wealthy at the expense of the poormajorityHuge poverty still in Africa, Latin America & Asia (in someplace getting worse)
Also environmental destruction: Brazilian rainforest, demiseof big game in kenya, turtles in the Caribbean
Globalization : Good or Bad?
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C ON C LUSIONC ON C LUSION All of those are possible to happen in
globalization. But we believe that inevery crisis, there is an opportunity.
T he challenge, therefore, lies in
spotting that opportunity --- for us --- as individuals, as a corporateentity, as an industry, as a region,
or even as an entire nation.
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Quarry.Please