¶ … globalization and its effects in different countries. We do this by considering the potential costs of the globalization process and the analysis of the major issues involved. We then present an analysis of how globalization has impacted the telecommunication industry.
Globalization is a term that holds different meanings to different people according to the context. Beerkens (2004, p2) defines globalization as a global interconnectedness between states that is supplemented through processes of social arrangements such as culture and ideology and then become disembedded from the existing spatial context as a result of the acceleration, flexibilisation, massification, expansion and diffusion of flow of persons, products, information, images and finance across nations. In economic terms, it can be used to refer to interdependent world economies (Pearson Education, 2010).
The cost of Globalization and the analysis of the major issues involved.
Globalization, though inevitable, is surrounded by various issues that are less likely to face away in the near future. The main ones are the creation of global economic inequality. This is attributed to the fact that globalization causes poverty and prosperity at the same time. This means that some gain while others lose (in relative terms) as a result of globalization. International corporations from rich nations exploit workers from poor nations as a result of globalization. This view is perhaps backed by the scholarly consensus that the level of global wealth and income disparities had risen in the period lying between 1970 and 1990 (Hicks, 2007). Recent data from economists does however suggest that globalization has tended to create a world that is more equal. The debate however still rages on (Birdsall, 2005 and Milanovic, 2007). The costs and potential problems of globalization have been viewed by various critics as a source of perils. This is because the costs could possibly lead to conflicts of various types and at various levels of governance and operations. These levels could be regional, national and international as pointed out by Intriligator (2003). One of the main sources of costs of globalization is the decision of who gains from the potential benefits of the process. This is compounded by the fact...
India was also part of this globalized trading world. The cities within the Indus Valley were well planned and included a trading system that was managed much in the same way as that in the Middle East. Indian socialism, combined with an economy of private managers played a significant role in the success of their trading endeavors. Moore & Lewis note that ancient India could well have been the inventor of
This would certainly be the case for any organization creating a virtual development team of engineers from Japan for example, which has a MAS score of 95, reporting to women in the U.S. Conversely the countries of Norway, Sweden and the Netherlands, with some of the lowest MAS scores, would find these working arrangements in a virtual team amendable and easily adapted to. Two additional measures included in the
In order to achieve operational efficiency, use can be made of modern automated technology which globalization has readily made available via international trade. Schumacher has further presented his view that the current production managers have become more focused towards the efficiency factor of the production processes. These managers set their targets based on producing goods in such a way, that the cost of the process decreases to a minimum while
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
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
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