“The modern Company has spread its brains – its center of excellence. It really is a citizen of many countries rather than a citizen of one”. Do you agree with the statement? I agree with the above statement. The above statement truly talks about the globalization and being in the globalized world. Globalization refers to the increasing unification of the world’s economic order through reduction of such barriers to international trade as tariffs, export fees, and import quotas.
The goal is to increase material wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition. It describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade. Talking about the positive and negative side of globalization, it continues to be divisive subject among political activists, academics, business leaders, and policymakers.
Some look at the rapid economic and political changes taking place around the world and see injustice. Others observe these same changes and see progress. On both sides of the debate, however, much of the discussion takes place among elites. What do average citizens around the world think about the powerful global forces transforming their societies? Survey research suggests that most people embrace the idea of a globalized world, even if cautiously. Globalization had also increased the competition among different companies in different countries.
The Essay on Globalization, International Trade And Economic
Why richer are getting richer and poorer are getting poorer? Globalization is taken as facilitator of international trade and economic growth. There might be various parameters for the measurement of the connection between globalization, international trade and economic growth that is derived from the mobility of investment, human capital to communication and transportation that fosters ...
People are striving to make their countries better and richer. With globalization, there are chances that the developed countries will take over the developing and underdeveloped countries. It is better to take up measures to meet the needs of everyone in order to live peaceful and comfortable life. Some people are finding it difficult to cop up with globalization. With the proper use of modern technology, communication can be made easier and there will be more integration of different companies in the world. The movement of people has also become one of the most important things due to globalization.
In the years companies started recognizing and valuing the workforce. They started considering people as assets to increase the productivity. Hiring competent and qualified employees are thought to be the basic ingredient for growth. E. g. Employees of Microsoft come from various different sectors. An organization is a collection of several human and non-human entities. People are different and vary in their thoughts, views, and opinions. An organization tries to hire the best and competent employees through all across the globe.
In an organization we can find employees coming from several cultural and socio-cultural backgrounds. So we can say that it really is a citizen of many countries rather than a citizen of one organized together and working together. This has become possible only due to globalization. Hence we can conclude that organizations who thing that the world is a single global network and thereby understanding the fierce competition, lifestyles and culture of different countries will help them to thrive for excellence and ultimately will lead them to achieve their desired goals.
