Impact of Technological Factors on Global Business.
Innovations in technology, most especially in information and communications technology but in transportation and supply chain management as well, have represented some of the fundamental driving forces driving globalization in recent years and it is reasonable to expect the impact of this force to continue to accelerate in the years to come, but the jury is still out on the precise level of importance this area will have in the future. On the one hand, Law (2008) emphasizes that, "The membrane of the nation-state is becoming increasingly permeable: not only are governments lowering the barriers to transnational exchange, but their capacity to enforce those barriers is continually undermined by advances in transportation, communication, miniaturization, and digitization technology" (p. 1278). On the other hand, though, Rodriguez-Pose (1999) points out that, "The persistence of long-term growth trends might be due to the fact that the role of technological change and the effects of world economic integration on growth have been overstated, and thus traditional factors producing growth still play the significant part they used to play before" (p. 23).
Impact of Financing and Trade Issues on Different Economic Systems.
Not surprisingly, the impact of financing and trade issues on different economic systems will likely relate to how responsive national economies have been to the driving forces of globalization in the past. For instance, according to El-Said and Harrigan (2006), "An important route through which aspects of globalization have been introduced throughout the developing world over the past two decades is the provision of international finance with attached economic reform and liberalization conditionalities" (p. 444). In state-controlled economies, though, financing and trade issues will ultimately be primary affected by the need for increased diversification and privatization of economies as well as further global integration of the national economies (Henry & Springborg, 2001). As Henry and Springborg point out, "Having formerly been sustained by global rents resulting from geo-political considerations or hydrocarbon extraction, regimes are now having to make dramatic adjustments to capture new sources of revenue, most of which are private, hence less susceptible than global rents to political pressures and calculations" (p. 233). By contrast, financing and trade issues in free market economies will likely remains...
By 2050, it is projected that only India would be recording growth rates significantly above 3%. Incomes and Demographics By 2050, despite much faster growth, individuals in those countries are still predicted to be poorer than those persons living in any of the now G6 economies . Russia is the exception, essentially catching up with the poorer of the G6 in terms of income per capita by 2050. By 2030, China's
It is important to note that while we will experience globalization, similarly we will experience further integration. This integration will be hierarchical as well as raise the specter of massive domination and control. Moreover, there will be new sectors of society who will interact in new and innovative ways, for instance via established policy networks made up of various groups (government, business among others) that will actively participate in the
Future Trends for Civil Aviation The importance of a viable civil aviation sector to national security has been well documented, but the aviation industry continues to struggle with skyrocketing fuel prices and highly regulated operational environment. In this setting, it is not surprising that some civil aircraft engine manufacturers have fallen by the wayside while others have prospered by achieving a competitive advantage of some sort. To identify what strategies
Role and Future Trends and Implications of Communication Within Organization Over the years, there are many trends that have been observed within an organization. These trends are such as workforce diversity, technological development, globalization and changes in the nature of work. These trends have affected many areas in an organization; this paper will look at how these trends have affected the role of communication within an organization. Communication can be a
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
This is regressive to any society (Suter, 2010). The world is faced with not only civilization crisis, but as well as a crisis within civilizations. This is a momentous crisis of worldview and identity. None of the classifications of the past like ethnicity, religion, heritage, culture, social status and the nation, is a sufficient setting of thought and activity in a time that is quickly getting global. Each country on
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now