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    Globalization

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    raj_sahu1823
    this is a notes for globalisation,, this is a notes give from raj sahu..!!this is taken by my college NDIMS..!!! new delhi..!

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    Globalization

    Uploaded by

    raj_sahu1823
    3K views12 pages
    this is a notes for globalisation,, this is a notes give from raj sahu..!!this is taken by my college NDIMS..!!! new delhi..!

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    this is a notes for globalisation,, this is a notes give from raj sahu..!!this is taken by my college NDIMS..!!! new delhi..!

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    3K views12 pages

    Globalization

    Uploaded by

    raj_sahu1823
    this is a notes for globalisation,, this is a notes give from raj sahu..!!this is taken by my college NDIMS..!!! new delhi..!

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 12

    Globalization

    Introduction
     Globalization refers to the rapidly
    developing process of complex
    interconnections between societies
     Many, if not most, of the things we

    buy are usually made from another


    country
    What is Globalization?
     Globalization is the process of
    international integration of products,
    technologies, human resources,
    capital, information and culture.
     As Globalization progresses,

    economics social and political of


    different countries more freely
    interacts with one another and adapt
    to promote further interaction.
    What is Globalization?
     There are four
    main parts
    • globalization of
    economy
    • globalization of
    politics
    • globalization of
    human flows
    • globalization of
    culture
    Level & Indicators of Globalization
     WORLD LEVEL GLOBALIZATION-

    Foreign Direct Investment


    GDP
    Multinational Companies
    Foreign Exchange
    Foreign Exchange Markets
    Balance of Payments (BoP)

     COUNTRY LEVEL GLOBALIZATION-

    National Income
    Investment Income
    International Tourism Traffic
    Level & Indicators of Globalization
     INDUSTRY LEVEL GLOBALIZATION-

    Industry Exports
    Foreign Investment in Industry
    Investment Income

     FIRM LEVEL GLOBALIZATION-

    Entry to Foreign Market


    International Licensing
    Joint Venture
    Globalization Trends
     Reduction in Import tariffs

     Removal of quantitative restriction

     Liberalization of Entry of Multinational


    Corporation

     Liberalization to FDI

     Freedom to FII

     Convertibility of Rupee on Current Account


    Recent measure to promote
    Globalization
     Trade measure

     Foreign Investment
    measure

     Foreign portfolio
    management

     External commercial
    borrowing
    Benefits & Cost of Globalization
     Benefits
    • Faster economic growth
    • Better living standards
    • Democratization
    • Free interchange of ideas, values; new opportunities
     Costs
    • Greater risk/variance in outcomes
    • Greater income inequality
    • Social dislocation
    Marketplace doesn't always advance social
    objectives
    Challenges of Global Diversity
     Diversity and complexity of systems that
    transnational corporations face creates
    challenges, for example
    • If a company does business in a nation that
    does not grant women equal rights, should
    that company hire and promote women at
    work, even if it violates local laws and
    customs?
    • Should a company enter into a business
    venture with a government-owned enterprise if
    that government has a reputation for violating
    its citizens’ human rights?
    Globalization : Good or Bad?
     Economic globalization is good because
    • Big firms means more efficiency
    • A bigger economic ‘cake’ for al globally
    • Free movement of money means that LDCs can develop
     True : the world economy is bigger & more of the
    world can afford modern consumer goods
     Other positive benefits include the transmission
    of common values on human & civil rights,
    democracy and exposure to culture diversity
     Resistance movements are in one sense a
    symptom of the wider process
    Globalization : Good or Bad?
     BUT negative sides to (economic) globalization
     Anti-globalization protesters highlight these at G8
    summits
     Key issues
    • Effect on democracy & national governments
    • Growing wealth inequalities
    • Excessive power of TNCs & financial markets
     Globalization benefits the wealthy at the expense
    of the poor majority
     Huge poverty still in Africa, Latin America & Asia
    (in some place getting worse)
     Also environmental destruction: Brazilian
    rainforest, demise of big game in kenya, turtles in
    the Carribean

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