Scribd Logo
Upload

Welcome to Scribd!

  • 22 views

    2 - UNIT1-3 - Impact of Globalization

    Uploaded by

    Tejaswini
    Globalization refers to the increasing influence of economic, political, social, and cultural processes across the globe. It offers both challenges and opportunities to businesses. India's experience with globalization occurred in phases from 1947 onwards, starting with a public sector focus and import substitution, then gradually opening to foreign trade and private sector participation. Key drivers of globalization include economic liberalization, technological advances in areas like transportation and communication, the rise of multinational corporations, and economic integration efforts. However, emerging trade barriers, cultural differences, and other geopolitical factors can act as impediments to globalization.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd

    2 - UNIT1-3 - Impact of Globalization

    Uploaded by

    Tejaswini
    22 views12 pages
    Globalization refers to the increasing influence of economic, political, social, and cultural processes across the globe. It offers both challenges and opportunities to businesses. India's experience with globalization occurred in phases from 1947 onwards, starting with a public sector focus and import substitution, then gradually opening to foreign trade and private sector participation. Key drivers of globalization include economic liberalization, technological advances in areas like transportation and communication, the rise of multinational corporations, and economic integration efforts. However, emerging trade barriers, cultural differences, and other geopolitical factors can act as impediments to globalization.

    Original Title

    2 - UNIT1-3 - impact of globalization.ppt

    Copyright

    © © All Rights Reserved

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Globalization refers to the increasing influence of economic, political, social, and cultural processes across the globe. It offers both challenges and opportunities to businesses. India's experience with globalization occurred in phases from 1947 onwards, starting with a public sector focus and import substitution, then gradually opening to foreign trade and private sector participation. Key drivers of globalization include economic liberalization, technological advances in areas like transportation and communication, the rise of multinational corporations, and economic integration efforts. However, emerging trade barriers, cultural differences, and other geopolitical factors can act as impediments to globalization.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    22 views12 pages

    2 - UNIT1-3 - Impact of Globalization

    Uploaded by

    Tejaswini
    Globalization refers to the increasing influence of economic, political, social, and cultural processes across the globe. It offers both challenges and opportunities to businesses. India's experience with globalization occurred in phases from 1947 onwards, starting with a public sector focus and import substitution, then gradually opening to foreign trade and private sector participation. Key drivers of globalization include economic liberalization, technological advances in areas like transportation and communication, the rise of multinational corporations, and economic integration efforts. However, emerging trade barriers, cultural differences, and other geopolitical factors can act as impediments to globalization.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 12

     Globalizationof the World

    Economy, Old globalization vs


    New Globalization, Factors
    Influencing Globalization
     This word is more complex and mostly used
    in international business
     It is used to refer to the increasing influence

    exerted by economic,political,social,cultural
    and financial processes across the globe
     It offers not only numerous challenges to

    business enterprises but also opens up new


    opportunities
    Historical perspective in India
    Phase-1-1947-65-
     public sector domination

    Phase2-1965-80-
     strong licensing laws
     Focus on import substitution
     Development of several small scale industries

    Phase3-1980-90-
     Opened the economy partially to the foreign
    Trade and delicensed some key sectors for
    private participation
     Devt of joint ventures-maruthi suzuki
    Phase4-Since 1990s
     Further liberalization of industries
     The scope of liberalization was significantly

    reduced
     Welcome to FDI

    Phase5-2000 onwards
    Companies began to reap the rewards of the
    various phases of development learning
     Economic Globalization
     Financial Globalization
     Political Globalization
     Cultural Globalization
    Globalization of production
     Globalization of markets
     Globalization of competition
    Globalization of technology
    Globalization of corporations

    and industry
    MOVERS OF GLOBALIZATION
     Economic liberalization
     Technological breakthroughs
     Manufacturing technology
     Transportation technology
     Information and communication technology
     Multilateral institutions
     Internationaleconomic integrations
     Move towards the market systems
     Rising research and development costs
     Global expansion of business

    operations
     Advents in logistics management
     Emergence of global customer segment
     Regulatory controls
     Emerging trade barriers
     Cultural factors
     Nationalism
     War and civil disturbances
     Managerial myopia(little interest)
     Trade openness
     Gains of globalization
     -India’s Trade Policy, Organizations for
    International Trade Promotion,SEZs
     ITC, Import Promotion Organizations,

    Institutional Frame Work For International


    Trade in India

    You might also like