Globalisation and Its Effects
Defining Globalisation
What differentiates the depth and pervasiveness of globalisation in this century compared to previous is the acceleration of cultural issues driven by rapidly changing technologies that impact international trade agreements (Vitell, Nwachukwu, Barnes, 1993). Time is literally compressed to a level never before seen before in globalisation of previous centuries, with drastic impacts on international trade and corresponding management practices. Trade is now much more transactionally-driven and more focused on measurable results in near real-time increments. The transition of commerce from being longer in sales and service cycles to being nearly real time today has major implications on cultural boundaries of communication as well (Hofstede, Jonker, Verwaart, 2012). Globalisation is forcing people together into virtual teams from widely divergent cultures, accelerating assimilation and the need to produce results as shared teams quickly (Hofstede, Jonker, Verwaart, 2012). All of these factors combined are also leading to an entirely different series of assumptions as to how globally-based teams are managed and work together, compensating for wide divergences in cultures, values and expectations (Hofstede, McCrae, 2004).
International trade issues
The balance of trade between nations forces respective governments ti ether open or close their borders to trading partners. This has an immediate effect on the profitability of each decision to expand or not. An example would be of a company attempting to open an agricultural business...
The global "mindset" that companies must have is defined as "…the ability to develop and interpret criteria for business performance" that are not relying on the "assumptions of a single country, culture or context to implement those criteria appropriately…" (Begley, et al., 2003). Begley and colleagues insist that the "truly globalized corporation" sees globalization as more of a "mind-set" than a "structure" per se (p. 1). The three mind-sets that
Globalization arguably began even before Marco Polo’s expeditions, possibly being traceable to Alexander the Great’s establishment of overland routes between Eastern Europe and India. The assumption that globalization equals Americanization is profoundly arrogant, and is also ignorant of the history, meaning, and implications of globalization. Globalization implies integration and interdependence of the world. Predating the United States of America, globalization nevertheless reached a peak in the 20th century, when a
Globalization has become a ubiquitously word in the last few decades. 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. As a result of globalization, many organizations have tried to proactively create a level of homogenization and standardization internationally of markets, resources, and labor. When international companies can have access to foreign
That said, Goodhart believes that global governance, if pushed too far into sovereign nations' doings, can in fact undermine popular sovereignty as "a viable conception of democracy" but it is not doing that and in fact, in a globalized world that is increasingly interdependence needs a new kind of democracy. The new sovereigntists' views are normative while Goodhart's are more along the lines o positivism. Basically, Goodhart argues that
Globalization's Effect on the United States' National Security Objective of this paper is to explore the impact of globalization on the United States national security. The study defines globalization as the increasing global relations of people, corporate organization and government. There is no doubt that the globalization provides numerous benefits to the American economy. Despite the benefits derived from the globalization, the advent of globalization also provides some threats to the United
Globalization and Human Rights Human Rights Issues and Globalization Overview of Human Rights Overview of Globalization Implications of Globalization on Human Rights Human Rights for Future Generations Overpopulation Climate Change It was argued long ago by Greek historian Herodotus that there are no universal ethics (Ishay, 2008). The historian argued that different cultures had different perceptions about what is acceptable behavior and what rights people should be granted. Herodotus illustrates this argument by comparing burial rituals that were
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