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 those involved in buying and selling increased exponentially and in response, the development of modern day concepts such as businessmen and entrepreneurs arose. This coupled with greater internal trade and the encouragement for state legislatures to involve paper money in the expanding economy, resulted in an aspired consumer revolution that deteriorated
Advanced manufacturing technologies have altered long-standing patterns of productivity and employment. [The improvements in] air and sea transportation [have] greatly accelerated the worldwide flow of people and goods” to the greater expanses of the globe (Globalization of Technology: International Perspectives, p. 1). With all of the abilities of the new technologies, undeveloped countries will be back in the game, so to
What is the prime danger in making change in communities? How does Weston define “sharable terms” and “whole vision”? In your own words, clearly specify what you would consider a fitting and/or widely appealing moral vision in regard to the natural environment. Does Kant put forward a “moral vision”? Does John Stuart Mill?
Assess the extent to which global networks increases global connectivity A global network seeks to connect the world into an integrated whole. There are several examples of global networks. Firstly, there is a network between different countries in the world. These are air travel, ships, trade, undersea cables, population movement, money flow and services. Some areas are well connected (switched on) which tend to be high income areas, whilst other areas are poorly connected (switched off) which tend to be low income areas.
Globalisation is the process by where by which the world is becoming increasingly interconnected. The world is now in a huge global economy as travel advances have made it possible for businesses to develop and trade internationally. Globalisation has increased the production and transportation of goods and services. However, this is not always by legitimate means. The increasing interconnectedness of societies has allowed crime to spread across national borders and the spread of transnational organised crime.
Businesses and people find it far easier to do more of the same than do something different. The world today is changing everyday with markets becoming more globally integrated, new forms of technology and businesses arising and most recently the global economic meltdown which caused significant organisational alterations. Based on the forgoing change catalysts, organisations must be ever prepared to adapt to and exploit changes in business environments whilst seeking opportunities to create change through technological, organisational or strategic innovation. Organisational change catalysts could come in two forms. This could be as a result of External Environments i.e.
| Large and progressive companies in most economically developed nations have embraced the stakeholder model. | b. | As more businesses enter the global market, they encounter the complexity of balancing stakeholders' relationships with other business operations and decisions.
Question No. 1 What factors explain why the world’s trading nations have become increasingly interdependent, from an economic and political point of view, during the post-World war II era? Answer: Economically the world has grown closer as financial markets, corporations and banks have all become multinational. Throughout the post-World war II era, the world’s economies have become increasingly interdependent in term of movement of goods and services, business enterprise (banking, financial markets), regional corporations (EU, NAFTA), capital and technology and also ownership of production facilities and labor force. Question No.2: What are the some of the major arguments for and against an open trading system?
from China goes to Wal-Mart. This made Wal-Mart China’s eighth largest trading partner. Governments, businesses, communities, and individuals in countries around the world face both challenges and opportunities as a result of rapidly expanding economic globalization. Changes in a country’s economy can happen very quickly and can deeply affect people and institutions. The fact that Wal-Mart is a company not even a country; and is China’s eighth largest trading partner; just makes us realize how much economic growth depends on businesses to produce more goods and services faster and more efficiently.