The reason for the economic growth in NIC’s is mainly due to the undergoing of export-oriented trade or ongoing industrialization, seen in countries such as China, India, Mexico and Brazil with the experiencing of rapid industrialisation due to the export of goods. A ‘TNC’ is a company that operates in at least two countries. They often have management headquarters in their country of origin and operate in host countries alongside; examples would include Coca-Cola having over 139,600 associates around the world with 50% of them located outside of the U.S such as France; Guatemala, Mexico and Belgium. In the last century there has been a global shift in many aspects of the global economy, this has seen the emergence of transnational corporations such as Apple, Nike and Coca Cola and the rapid growth of newly industrialising countries such China, Brazil and Mexico. The reasons and factors regarding the creation of this shift in the global economy vary.
Explain the term ‘globalisation’ and the role that multinational companies play in the development of globalisation. Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services and has therefore lead to increased trade between countries. This trade encourages countries to work together and removes trade barriers such as quotas and tariffs. This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country.
Through the realm of history, fads have changed and diverged tremendously through out the years. Whether we are talking about the Emo style, or bell-bottom jeans, fads have greatly helped defined history since the very begging of time. The book Bellwether written by Connie Willis is a great representation of the many fads individuals face through a life time and how they evolve. These fads are forever changing, but leave a huge impact on style and history as we know it. These fads impact our world in great ways by promoting self confidence and by developing jobs through out the world.
Introduction Globalization is becoming a common thing nowadays, as companies and people around the globe are becoming more connected to each other than ever before. Information and money flow more quickly now. Goods and services produced in one part of the world are increasingly available in all parts of the world and international communication is easy. The "globalization." era has actually started more than 2 decades ago (Modelski, 1972).
In my opinion, communications has played the most important role in the rise of globalization. Transport systems are the means by which people, materials and products are transferred from one place to another. Improvement in transportation technology has ‘shrunk’ the world considerably in terms of time taken to get from one place to another. In the 20th century, the commercial jet aircraft, large ocean-going vessels and containerization greatly increased the movement of goods and people from one place to another. This has led to increasing mobility of goods and people.
If we want to sell our own products with other countries it is necessary to learn of their cultures, languages, needs and wants to be successful. Another example of the relationships of global and diversity awareness is the changing demographics of the country. As the population grows, more and more work force will be of people of different races and genders. People will have to interact with each other in this kind of situation. I personally see the world being impacted by global and diversity awareness with the recent hate crime and bulling is being addressed more and more every day.
In the context of global trade law, critically examine the challenges and opportunities facing developing states within the complex global institutions and legal construct of WTO. Discuss the legal, political and economic effects of world trade liberalization (30 marks) International trade sees the exchange of goods, capital and services between both countries and continents, crossing national and international trade boarders. As is the case with most countries, this ‘cross trading’ accounts for a large percentage of a countries revenue and it’s GDP (Gross Domestic Product). Trade has played a vital role in shaping the world’s global economy and the economic and social prospects of developing countries. At a United Nations Summit recently, global trade was hailed as the reason certain newly industrialized countries such as China has become so forthright and dominant in their advances both economic and social, the following report read, ‘In recent decades, a number of developing countries, most notably the East Asian newly industrializing countries, have been able to purposefully use the elemental force of trade to boost growth and development within a relatively short time span.’ (Puri 2005 cited in UNCTAD 2005 report p.22) But this boost in International Trade has not been without its complications and challenges.
Diversity is generally defined as accepting & valuing the differences among people in terms of ethnicity, class, gender, skills, abilities and age. In today’s world due to globalization of markets the workforce are increasingly becoming heterogeneous. Diversity in progressive organizations is gaining much attention & they are spending huge amount on diversifying their workforce. Thus diversity has been recognized to be the most important organizational resource to gain and maintain a competitive edge (Richa, 2013). According to many studies diversity can help organizations in many ways like in creativity, better understanding competitions in the market, solving problems effectively and strengthen the organization (Fabrice & Emmanuel, 2013).
During this internationalised process, we can enjoy news, films, food, and culture among different countries all over the world. The process of globalisation has promoted mutual understanding to other countries and cultures which are developing in different background. More specific, the process of globalisation firstly derived from the international trade and, among this global economic progress the Eastern and Western worlds impact each other on all aspects of human life and the world system, just as Angermüller etc (2004) illustrates that globalisastion is a progress which is a fact and continuous, it is celebrated by neo-liberal
Corporate social responsibility has become a driving force behind many economic activities. Global population increases and puts added pressure on the limited natural resources required to meet rising consumer demand. Technology and globalization is spreading at a rapid pace. Numerous developing countries are booming as a result of industrialization. Today’s consumer is more aware of environmentalism and its social implications.