Study Document
Globalization Position on Globalization Is a Trend Essay
Pages:2 (544 words)
Sources:2
Subject:World Studies
Topic:Globalization
Document Type:Essay
Document:#9367525
Globalization
Position on Globalization
Globalization is a trend towards a more integrated global economic system that is driven by the reduction of trade and investment barriers by technology and other factors. Is important to note that globalization is not exactly a new phenomenon. As soon as the transportation technology developed to a sufficient level to move around various goods then international trade quickly emerged. The first ships that traded spices and various goods could be considered forms of emerging globalization. However, today's level of globalization is on an entirely different scale than previous trade arrangements. Much of the globalization trend is driven by the fact that many organizations operate internationally and supply chains have become sophisticated, complex, and spans the entire globe.
When multi-national companies are able to access to foreign resources and labor then they can often achieve much higher profit margins. Furthermore, in many cases it can also help to develop the local economy by providing jobs to individuals who were not likely to find one without the injection of foreign investment. However, in many cases the results of the foreign investments often do not improve the quality of life for the local residents. Much of this must be determined on a case by case basis of whether the MNC is actually improving the welfare of their foreign employees. Apple faces unique challenges with one of the primary vendors known as Foxconn in China in which the working conditions are so difficult that the company has actually installed a suicide prevention netting around their buildings to keep employees from jumping to their deaths.
In regards to the economic impacts that…
Related Documents
Study Document
Morals of Globalization Trends
global issues is something that I do a lot of, so I would not say that my thinking has changed, though perhaps my ideas have been reinforced. There are some interesting paradoxes involved. Consider Hans Rosling's (2010) talk about population growth, which is occurring at a tremendous pace. We are part of the world's greatest-ever population explosion. Now juxtapose that with Molinari's (2012) discussion about the digital divide. We
Study Document
Globalization of the Hospitality Industry
Often, an expanded market means that a company will need to undertake a strong marketing strategy based upon thorough research in order to see how the expansion would affect another market. The problem is, not all companies wish to do so because not all are good or successful at this undertaking. Yet again, if a company wishes to stay competitive, make its profits year after year, and enjoy a
Study Document
Globalization Such a Discussion Revolving
This ranges from the company's national managers to all the other employees. The reason for this is quite simple and can be explained with the term "cultural differences" which helps us describe a range of issues on which the approach of national individual employees is different than that of the corporatist counterparts that invest in the country. The first important cultural difference that comes to mind is, obviously, language. The
Study Document
Globalization and Energy Demands in
S. pp). For more than ten years, Chinese officials have stated that production from Chinese firms investing overseas is more secure than imports purchased on the international market (U.S. pp). In order to secure more reliable access, Chinese firms are being directed to invest in projects in the Caspian region, Russia, the Middle East and South America (U.S. pp). The National Intelligence Council's report also states that Europe's energy needs will
Study Document
Globalization Has Become One of the Most
Globalization has become one of the most widely discussed issues and concepts in the business world during the last few decades. Globalization influences economy, societal life, and business environment in a number of ways (Bella, 2010). The increased level of competition, information transfer, outsourcing, and technological advancements are the major impacts of globalization on the business community (Boudreaux, 2008). Moreover, the impact of globalization on organizational culture and operations cannot
Study Document
Globalization Cafta and Globalization" Corporate
S., despite ardent opposition to the potential prophesized concerns of many. Real progress is being seen and free trade is expanding, exponentially and many U.S. And Canadian concerns of Asian market dominance are being addressed that otherwise would not have been. Additionally the new ground being cemented in negotiation and legal redress is substantially demonstrative of the future benefits of free trade agreements such as CAFTA. Works Cited Burtless, Gary Progressive Policy