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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
I want to send a package from Holland to China. Where can I find the courierservice EMS in Holland?
For some time now EMS has been part of TNT in the Netherlands. So from the Netherlands you can't use EMS. TNT Post and DHL are, in the Netherlands, the most used couriers for packages worldwide.
How do you get import and export licence in Pakistan give proper policy?
An import license can be obtained from the Chamber of Commerce. An export license is no longer required however the exports must be cleared with the Chamber of Commerce and proper documents must be sent to the clearing agent in the Customs office.
Is Zimbabwe immune from globalisation?
globalisation being the growing integration of economies and society all over the world due to technological advancements in transportation ,communication and some other factors ,it will therefore be incorrect and inapplicable to isolate Zimbabwe and say it is resistant to the forces of such an improvement globally which as managed to intertwine the globe as a whole and provide poverty eradication ,economic support and reduced importing cost and other loose trade barriers .
however zimbabwe is finding it difficult to trade globally due to the sanctions imposed by the west thereby having very limited exposure into the international markets and only confined to its look east policy.
In a pure single market would price differentials exist?
u have a presentation so ................ at the last time
What is the link between globalization and migration?
Globalization and migration are closely intertwined, as globalization facilitates the movement of people across borders through increased economic integration, communication, and transportation. As economies become more interconnected, individuals often migrate in search of better job opportunities, education, and living conditions. Additionally, globalization fosters cultural exchange and social networks that can support and encourage migration. Consequently, migration patterns are influenced by global economic trends, policies, and social dynamics.
Why do we need international organisations?
to help others who surffers from poverty, who cant get any of their needs eg. food, water, cloth and shelter. who suffers from health problems.
Drivers of international business?
Drivers of international business include globalization, technological advancements, and the pursuit of new markets. Globalization facilitates the integration of economies and cultures, enabling companies to operate across borders. Technological innovations, particularly in communication and transportation, enhance efficiency and reduce costs, making it easier for businesses to enter foreign markets. Additionally, factors such as trade agreements, economic policies, and competitive pressures further motivate companies to expand internationally.
What is globalization lead to increasing environmental damage?
Globalization has led to increased environmental damage primarily through heightened industrialization and expanded transportation networks, which amplify carbon emissions and resource depletion. The demand for cheaper goods drives companies to exploit natural resources unsustainably, often in developing countries with lax environmental regulations. Additionally, the global supply chain fosters practices like deforestation and pollution as businesses prioritize profit over ecological health. This interconnectedness often results in environmental harm that transcends borders, affecting ecosystems worldwide.
What is meant by STEP analysis?
—The STEP checklist:
—It refers to the environmental factors that affect the organizations : Social, Technological, Economic, and Political factors.
—The advantage of the STEP framework is its simplicity and wide applicability.
—STEP can be used to think about the current and future effects of those factors on the organization.
—Work in groups to generate subcategories under social, technological, economic and political factors.
¡Sociological Factors:
§Demographic changes in the age and structure of populations, patterns of work, gender roles, patterns of consumptions and the ways in which the culture of a population or country changes and develops.
¡Technological Factors:
Business have been greatly affected by information and communication
technology (ICT). The implications of the technological change for businesses
include the following:
§ICT is lowering barriers of time and place and opening up great global opportunities for businesses, which also means increased competition.
§ICT creates new industries, not only in areas of hardware, software and telecommunications, but also in start-ups, new businesses, and e-commerce (e.g. ICT enabled many banks and insurance companies to start by building their operations solely on the basis of electronic information and communication).
§Many individual jobs and internal service functions have been transformed and are now based on ICT systems (e.g. production planners and credit controllers). This has led to a massive shift in the skills needed for most jobs (e.g. computer literacy is now essential for many jobs)
¡Economic Factors
§Economic factors that affect businesses include the rate of economic growth, interest rates, inflation, energy prices, and levels of employment.
§The state of a country's economy affects all aspects of business life. It affects the level of demand for goods and services, the availability and cost of raw materials, buildings, land and labor.
§If businesses and individuals expect the economic growthto be high, business are likely to invest and expand and individuals to spend more. In contrast, if the economy is expected to contract, businesses invest less and individuals spend less.
§Government s change interest rate in an attempt to achieve short-term adjustment in the levels of demand, investment and spending.
§Exchange rate is the price of a particular currency and is based on the supply and demand of such currency; global communication technology has resulted in very high levels of currency trading, leading to high volatility in exchange rates. Varying exchange rates cause the following problems for businesses:
1)If the domestic currency strengthens (becomes worth more in relation to other currencies), exporting becomes more difficult because the price of goods exported is higher and foreign products are more competitive in the home market.
2)If the currency weakens, exports are easier and opportunities may open up foe new markets, while imports become more expensive.
¡Political Factors:
There are political influences on business in terms of rules and regulations
imposed by government, as well as the influences of such organizations as
chambers of commerce, trade unions and co-operatives. The following list
emphasizes the importance of political factors for businesses:
§Legislationaffects many aspects of business life, such as health and safety at work, equal opportunities and employee protection.
§Trading relationships are influenced by political factors such as the World Trade Organization (WTO) and the European Union (EU).
§Government is a major party to many transactions. Government is one of the largest employers and the largest purchaser of goods and services.
§The level and nature of public services (e.g. health services, education) are determined on political grounds.
§Governments determine levels of taxation - on the individual, on businesses, on property and goods and services.
Explain in brief about the factors that have lead to globalization in 21 century?
1. The European imperialism of the nineteenth and twentieth centuries.
2. The widespread, global acceptance of the nation state as the ordering principle of global politics and economics.
3. The development of sophisticated technologies of communication and record keeping.
4. The expansion of economic interests beyond the regional and national to the global anf international.
