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Business Globalization

Business globalization is generally connecting economic regions worldwide in a network of trade, communication and transportation. The companies that use these networks manage resources on a global scale to meet their financial goals.

1,232 Questions

What are agents of globalization?

A socialization agent is a term that is used by sociologist, anthropologists and political scientists. It is a lifelong process of inheriting and disseminating norms, customs and ideologies.

How does outsourcing affect employees conditions?

Outsourcing either challenges employees to do their best so they can keep their jobs, or it demoralizes them.

Is globalization a good or a bad thing?

Governments are told to follow two paths. First, deregulate and privatise. This has been pursued in over 90 countries through structural adjustment policies of the World Bank and International Monetary Fund. The bitter legacy is growing poverty in all regions of the developing world, except China. Second, leave business to regulate itself. Corporations have promised to adopt voluntary ethical standards in response to growing public concern over social and environmental damage. But these have often been a public relations exercise to deflect criticism and the few companies that are implementing these standards compete at a disadvantage to the majority of companies that don't. Governments are told to follow two paths. First, deregulate and privatise. This has been pursued in over 90 countries through structural adjustment policies of the World Bank and International Monetary Fund. The bitter legacy is growing poverty in all regions of the developing world, except China. Second, leave business to regulate itself. Corporations have promised to adopt voluntary ethical standards in response to growing public concern over social and environmental damage. But these have often been a public relations exercise to deflect criticism and the few companies that are implementing these standards compete at a disadvantage to the majority of companies that don't.

What are the disadvantages of knowledge based systems?

These are the only two I can come up with:

**Inability to deliver the expected performance outcomes

**Usability: Some users are not capable enough to use automated tools to get required information.

If anyone has more disadvantages please let me know. Thanks

Causes of globalization in India?

There are multiple natural reasons behind the rapid globalization and political integration of the Republic of India into the international system. These include its use of the English language, a massive educated and affluent international diaspora in Western countries such as the United States, Canada and the United Kingdom, and it being the largest democracy by population in humanity.

What is a tarrif?

A tariff is a duty imposed on goods when they are moved across a political boundary. They are usually associated with protectionism, the economic policy of restraining trade between nations. For political reasons, tariffs are usually imposed on imported goods, although they may also be imposed on exported goods.

How much did World War 1 cost the US?

1 billion dollars *Actually, World War I cost $338 Billion Dollars. Sorry, but you aren't Dr.Evil. "I want one billion dollars!!"

What is the process of globalisation?

Human societies across the globe have established progressively closer contacts over many centuries, but recently the pace has dramatically increased. Jet airplanes, cheap telephone service, email, computers, huge oceangoing vessels, instant capital flows, all these have made the world more interdependent than ever. Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely. As a result, laws, economies, and social movements are forming at the international level. Many politicians, academics, and journalists treat these trends as both inevitable and welcome. But for billions of the world's people, business-driven globalization means uprooting old ways of life and threatening livelihoods and cultures.

What are the factors responsible for globalization in monsoon India in the 21st century?

Factors improvements in transport improvements in technology mobility in employment Factors improvements in transport improvements in technology mobility in employment

What are the negative impacts of globalization in Jamaica?

The Jamaican economy is heavily dependent on services, which now account for 70% of GDP. The country continues to derive most of its foreign exchange from tourism, remittances, and bauxite/alumina.

The global economic slowdown, particularly after the terrorist attacks in the US on 11 September 2002, stunted economic growth; the economy rebounded moderately in 2003, with one of the best tourist seasons on record. But the economy faces serious long-term problems: high interest rates; increased foreign competition; a pressured, sometimes sliding, exchange rate; a sizable merchandise trade deficit; large-scale unemployment; and a growing internal debt, the result of government bailouts to ailing sectors of the economy.

The ratio of debt to GDP is close to 150%. Inflation, previously a bright spot, is expected to remain in the double digits. Depressed economic conditions have led to increased civil unrest, including gang violence fueled by the drug trade. In 2004, the government faces the difficult prospect of having to achieve fiscal discipline in order to maintain debt payments while simultaneously attacking a serious and growing crime problem that is hampering economic growth.

What can a marketer do to advance regional economic integration?

There are many ways of promoting regional integration. In this New Media age, though, I would recommend setting up a blog on the subject. Or if you like to talk, hold debates and ask to speak about the subject at universities or other tertiary institutions.

How can you preserve your culture in the age of globalization?

To prevent ur culture from globalization. courge your country to make it her own

resources so, it will be protected frm the dangerous of globalization.

Dont start making wars with other countries and, always make good relation with them.

Fight with polluting corporations that take advantges from weak regulatory rules in developing countries.

What is the significance of globalization?

"Global sourcing is designed to reduce costs and increase efficiency by buying products and services all over the world. Sometimes it can save money, other times it reduces service quality and increases transportation costs so the saving are not significant."

How much is a 10000 old Turkish Lira bill worth in USD?

About 75 cents.

There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value. (1 New Turkish lira is worth (March 2009) about US$0.75.)

Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira.

Pros and cons of globalization?

PROS

-- Productivity grows more quickly when countries produce goods and services in which they have a comparative advantage. Living standards can go up faster.

-- Global competition and cheap imports keep a lid on prices, so inflation is less likely to derail economic growth.

-- An open economy spurs innovation with fresh ideas from abroad.

-- Export jobs often pay more than other jobs.

-- Unfettered capital flows give the U.S. access to foreign investment and keep interest rates low.

CONS

-- Millions of Americans have lost jobs due to imports or production shifts abroad. Most find new jobs--that pay less.

-- Millions of others fear losing their jobs, especially at those companies operating under competitive pressure.

-- Workers face pay-cut demands from employers, which often threaten to export jobs.

-- Service and white-collar jobs are increasingly vulnerable to operations moving offshore.

-- U.S. employees can lose their comparative advantage when companies build advanced factories in low-wage countries, making them as productive as those at home.
In globalization everyone gets 'a bit' as in the job is shared everywhere, and everyone can access it, but this can mean that jobs can go abroad because of cheaper labor (outsourcing), there are lots of different factors though. Search 'what is outsourcing' for more info.

What are the advantages and disadvantages of international trade?

Advantages of Trades Unions.

1. Increase wages for its members.

Industries with trade unions tend to have higher wages than non-unionised industries.

2. Counterbalance Monopsonies.

In the face of Monopsony employers, Trades Unions can increase wages and increase employment. Monopsony employers are those who have market power in setting wages and employing workers. Traditionally, monopsonies occur when there is only 1 firm in a town, or type of employment. However, in modern economies, many employers have a degree of market power (monopsony).

3. Represent Workers

Trades Unions can also protect workers from exploitation, and help to uphold health and safety legislation. Trades unions can give representation to workers facing legal action.

4. Productivity deals.

Trades Unions can help to negotiate productivity deals. This means they help the firm to increase output; this enables the firm to be able to afford higher wages. Trades unions can be important for implementing new working practices which improve productivity.

5. Important for Service Sector.

Modern economies have seen a fall in trade union power. This is because of a decline in manufacturing and rise in service sector employment. Service sector jobs tend to more likely to be part time and temporary; unions are needed to protect workers in these kind of jobs.

Problems of Trades Unions.

1. Create Unemployment.

If labour markets are competitive, higher wages will cause unemployment. Trades unions can cause wages to go above equilibrium through the threat of strikes e.t.c. However when the wage is above the equilibrium it will cause a fall in employment.

2. Ignore non Members

Trades unions only consider the needs of its members, they often ignore the plight of those excluded from the labour markets, e.g. the unemployed.

3. Lost Productivity.

If unions go on strike and work unproductively (work to rule) it can lead to lost sales and output. Therefore their company may go out of business and be unable to employ workers at all.

4. Wage Inflation.

What is the basic purpose of a business organization?

Organizations are formed by group of persons having common destiny. Destiny means objectives that organization focus to achieve. objectives might be oriented with profit,non-profit and others but achieving it for the welbeing of stakeholders is undoubtedly the basic purpose of a business organization.

Difference between GDP at current prices and real GDP?

Current price GDP measures value-added production in today's prices. Increases in current price GDP can be driven simply by price changes when one of the key pieces of information that is needed is whether or not the quantity of final goods and services available is increasing or not. For this reason GDP series' are often expressed in constant price. On the contrary to this,Constant price GDP measures value-added production expressed in the prices of a particular year, known as the base period.

It is calculated by adjusting nominal values for price changes. By expressing current price series' in constant prices we can analyse the price and volume components separately.

What is the NWE Platts price for today?

The price is going to vary for each day depending on supply and demand. You can visit the New York Stocks page to see the most recent data.

Why is today's world shrinking?

(Another contributor wrote:)

The advancement in the fields of transport and communication have made those regions excess able which were earlier in access able. The vast network of roadways, railways, waterways and airways across the countries has linked each nook and corner of this world with the other. Transportation and communication have reduced not only distances but also the time taken for covering these distances. The time of travel is reduced considerably due to the presence of fast means of transport like Aeroplane and super fast trains. Due to communication facilities such as mobile phones, Emails, SMS one can talk and see and interact with people sitting thousands of kilometers away. The Internet provides us with not only world wide interaction but also world wide information. The inter connectivity of people, services and institutional across the world has brought the world closer and closer making it a kind of global society, a global village. Hence it would be right to say that today's world is shrinking.