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.
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
Which of the following has played the most important role in the rise of globalization? * Transportation * Communications * Transnational Corporations (TNCs) ------------------------------------------------- In the recent years, the world has been experiencing a rise in globalization. Globalization is defined as the process by which people, their ideas and their activities in different parts of the world become interconnected or integrated. This interconnectedness between countries has risen due to the key forces which drive it forward – transportation, communications and transnational corporation. In my opinion, communications has played the most important role in the rise of globalization.
Domestic tourists are ones that travel to places inside their own country. Tourists that travel outside their own country and cross another country’s boarder are considered as international tourists. There are two main reasons for the rapid growth of tourism, these include: increase in leisure time and incomes and technology. The push for the advance of technology has led to travelling being cheaper, quicker and safer. Trade Most goods we buy have a label on them.
To increase global connectivity, there are several factors included. Development of technology can increase global connectivity. Also, telephones provide communication and increase the network of global connectivity as firms can contact other countries where other firms are based. This provides a wider network. The internet provides more communication, and allows firms to operate annually.
During the period 1919-1929, industrialization had a positive impact on US society by improving the standard of living and working conditions for many Americans. This was a result of the impact industrialization had on the US economy. The result of the new emerging technologies and industry, such as the communications industry and automobile industry such as Ford Motor Company in the early 1900’s had a direct impact on the US economy, and consequently US society; “Inventions in communications and transportation, such as motion pictures, radio, telephones and automobiles, not only fuelled the boom [of the economy] but brought transformations in society”. These emerging technologies brought many changes in US social and economical structures, and subsequently had a positive impact on US society and lifestyle. It can be argued that the development of consumerism in the 1920’s, influenced by the industrialization period, had a positive impact on US society.
Some of the reasons for this increase in deal size include: • Firms were able to raise a lot of money and felt the need to put that money to work • Firms were becoming industry-focused, developing operational expertise to help their targets after the buyout process • Firms were diversifying into other markets such as Europe, Asia and India, where LBOs still presented attractive returns such as the ones seen in the US circa 1980’s • U.S. private equity firms were establishing international offices to deploy this excess of funds, sometimes “bidding up” or overpaying just to ensure capital deployment 2. How Empire is positioned with the industry? Why it has been so successful? Empire is an “old-line” group that has built a strong name for itself in the private equity industry due to very successful partnerships. They built this
This will allow different parts of the world to enjoy merchandise that is specific to one country. Throughout the past it has been proven that by introducing industries’ and the use of globalization has strengthened a country’s economy. I am a pro economic globalization because I feel that we need to change the way of the past if nothing seems raise the economic standards. Hopefully we will be able to realize that economic globalization is working so we can help countries quickly and efficiently. Economic globalization has attracted much debate throughout society today.
The definition would describe growth as the process of improving measures of an enterprise’s success. Business growth can be achieved either by boosting the revenue of the business with greater product sales or service income, or by increasing the profitability of the operation by minimising costs. Profitable growth can be achieved in many ways and strategic diversification has definitely played a large role in the growth of many large businesses today. However just like any strategy this all depends on many factors. For example, the type of industry the business is operating in or the risks involved into entering new markets.
It grew in numbers as well as locations and factories. The growth was a great contributory factor in the Industrial Revolution. It allowed higher wages, allowed better diets, made urban places better, and also brought people together in cultures. The Industrial Revolution impacted America economically, socially, politically, and morally. It has helped us to bring the world to where it is in the present.