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.
The quantity of data, much of which is available over the Internet, is also growing. Investments in automation and security to enhance timely access to data will be critical during the planning period. Continued investment in efforts to maintain the quality of data will be required given innovations in financial markets and growth of activity outside of regulated sectors where data are provided on a consistent basis. Experiments utilizing data purchased from credit bureaus to analyze issues related to consumer and mortgage debt growth, debt service, delinquency, and bankruptcy will continue. Economic and financial globalization – Individual economies are becoming more open and links among the world's financial markets are becoming closer.
However, one aspect of globalization that tends to be most apparent in almost every facet of life is the emergence of technology particularly the way in which technology is globally integrating the peoples of the world. The advent of the Internet in its unquantifiable shape and form has over the past decade provided a common platform upon which countries from all corners of the Earth are able to communicate and share information. Despite widespread usage and availability of new technology, the issue been brought to the forefront of the debate between advocates on both sides of the globalization aisle. Information technology is not the cause of the changes we are living through. But without new information and communication technologies none of what is changing our lives would be possible.
This increases trade between countries which increases interaction and globalisation. TNC’s have shifted production to the developing world and created global connections and trade links. Transnational Corporations are major companies with a global presence in at least two counties. They are economically powerful and politically influential due to potential investment, the creation of jobs and access to new technology. TNCs bring lots of investment
However, through the evolution of technology, there has been advancement of globalization that has created a much more diverse global business landscape. The new, diverse landscape means there are no longer just a handful of countries competing for resources, capital, and labor. Poor countries can now cheaply compete with major corporations in various
According to cells online.com (n.d.), “Consumer demand quickly outstripped the cellular phone system's 1982 standards, by 1987, cellular phone subscribers exceeded one million, and the airways were crowded.” In 1982 cell phones were mostly owned by wealthy individuals or upper echelon business owners. They were considered a status symbol and since the power needed for them was demanding, they mostly were installed in cars they were not the cell phones of 2008. Over the last 25 years as mobile phones progressed they started to fall in pricing and size, original phones were large and expensive and out of the reach of most consumers. According to PCWorld a study suggested Shah (2007), “Cell phone ownership showed a dramatic increase globally, Wike said. In 2007, 81 percent of the U.S. population owned a cell phone, a 20 percent increase compared to 2002.” In a current figures according to MSNBC Sullivan (2008), “The cell phone industry, ... has some 137 million paying customers in the United States…” The growth for phone ownership is off the charts and along with the enormous sales of the units, technology has kept pace.
In doing so, the organization will be able to maximize its profits and margin, while simultaneously reinforcing its brand image, and solidifying a strong position in a growing market. Opportunity The exponential growth of the internet and World Wide Web since the 1990’s has led to a shift in the growing market for servers. Once dominated by academic users performing intensive computational workloads, the server market of the internet generation is geared more toward high volumes of less intensive tasks, like email, file sharing, and web site hosting. Atlantic Computer has developed a new basic server that targets this new segment of the server market, as well as a software product designed to increase the performance of this new breed of lower performance server. Through a successful launch of the new Tronn basic server, and the PESA software tool, the organization has the opportunity to increase its revenue while simultaneously expanding its product mix into a growing business segment and diversifying its product portfolio in a forward looking way.
This process involves economic, social and cultural activities that are increased over every nation’s borders. The economic benefits are simple, it will allow companies and businesses to grow larger across the world and trade with different nations. Social relations can be further extended due to globalisation. Extensions can be made in many different criteria’s, for example the movement of ideas and people and the different types of cultures can be further understood. One of the biggest examples of this according to geographers has been the outsourcing of services by transnational corporations from the global north to the global south.
We live at an age where technology is moving at a breathtaking pace, constantly changing and evolving the business world. Entrepreneurs face a difficult task of structuring and modeling their business in such a way as to make the most of these new advances. The most successful ones have managed to find a way to use the resources in hand and revolutionize the way business is done in their respective fields. One of the greatest technological discoveries of mankind, the Internet has become a popular platform for a lot of new e-business. The constant improvement and innovation of the Internet services and fast growth of its users have allowed business’s to use its vast reach and efficiency to flourish.
With these corporate owned business you have no room for creativity or curiosity. Most of our large companies today started small and it wouldn't had happened without capitalism. Capitalism advanced our technology because it gave people a chance to create and advance out technology like : cell phones, computers, TV's, wireless internet and others. On of the most successful business that started off small was “Microsoft Work’s”. It started off in a small town and eventually works its way on every computer in the world.