The Driving Forces of Globalization - 2728 Words

We will start by defining globalisation and looking at some of the theories on globalisation, followed by a look at the drivers of globalisation today. Then we will look at the various ways in which globalisation occurs with a focus on economic globalisation. With the help of a case study we can see the symbiotic relationship of globalisation between countries. We conclude with a look at the effectiveness of globalisation. There are so many definitions of globalisation propounded by scholars and theorists alike, but I believe it is the process of increased trade and economic movement between countries and regions. This is a process that has been steadily increasing in growth over many decades. The speed of social and cultural transformation has intensified in recent times bringing with it a growing awareness of other cultures and lifestyles, an interconnectedness of society. Many see the growth of the Multinationals as a key factor in the widespread nature of globalisation resulting in increase in trade and technological advancements and improved transportation of goods across nations. I on the other hand see it as a by-product of globalisation. This move could only have been facilitated by the improvement in trade, transportation and technology. As a result, many MNEs outsource and offshore production of their goods and services and have offices in several countries across the globe, with head offices usually centralised in the United States and Japan.Show MoreRelatedImpact of Driving Forces of Globalization2153 Words   |  9 PagesThakur Shyamnarayan College of Education Research, Kandivali (East), Mumbai. Title of the Paper : Impact of driving forces of Globalization – Role of Education Globalization has come to be a principal characteristic feature of the new millennium and it has become an inescapable reality in todays society. No community and society can remain isolated from the forces of globalization. The cyber society has come with a bang. The computer culture is spreading rapidly. Even in a poor country, coca-colaRead MoreInic’s Have Been and Continue to Be the Driving Force of Globalization. to What Extent Do You Agree with This Statement?’1886 Words   |  8 Pages‘NIC’s have been and continue to be the driving force of globalization. To what extent do you agree with this statement?’ A newly industrialized country (NIC) is a socioeconomic classification applied to several countries including Thailand, China, India, Malaysia, Philippines, South Africa and Mexico. NICs have not yet reached a developed status but have, in an economic sense, overtaken their developing counterparts. Another characterization of NICs is that of nations undergoing rapid economicRead MoreStrategic Management and Pestle Analysis1710 Words   |  7 Pages 2 . Has globalization made it easier for MNCs entering India now? 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On the one hand, proponents of globalization say it has promoted information exchange, led to a greater understanding of other cultures, raised living standards, increased purchasingRead MoreStarbucks : What Key Driving Forces Coffee Shop Retailers?1352 Words   |  6 Pagesanalyzing Starbucks past, present and future, it’s important to look at the external situation that surrounds them. By performing a five forces analysis it can be decided if the industry is strong enough for outsiders to enter and prevail. The next consideration is what key driving forces coffee shop retailers should concentrate. Those forces are: increasing globalization, marketing innovation, changes in cost and efficiency and changing societal concerns, attitude and lifestyles. It’s also important toRead MoreGlobalization is the highest stage of internationalization, where the broader representation under1200 Words   |  5 PagesGlobalization is the highest stage of internationalization, where the broader representation under it means the totality of processes and phenomena such as trans-border flows of goods, services, capital, technology, information, cross-country movement of people, and prevalence of orientation to the world market in trade, investment and other transactions territorial and institutional integration of markets. Global marketing is the marketing of global organizations that lead their production and marketingRead MoreGlobalization : A New Way For International Trade1392 Words   |  6 Pagesgrowing. While that sounds promising, globalization is also becoming one of the most debated issues and coming under much criticism. Mostly that is because world trade runs by industrialized countries and big corporations. While globalization can benefit some countries, it could also hurt others. First and foremost, what is globalization? When many countries allow free trade it opens a new way for international trade which leads to globalization. The term globalization is the increase in global relationshipsRead MoreGlobalization Has A Long History1578 Words   |  7 PagesIntroduction Globalization has a long history. According to National Geographic Society (2015), globalization grew when the Europeans began establishing colonies overseas. Many of the early European explorers were eager to spread the Christian religion to the regions they visited. â€Å"The globalization of Christianity spread from Europe to Latin America through Christian missionaries working with the local populations† (â€Å"Globalization,† 2015). Globalization was accelerated in the 19th century with theRead MoreNegative Effects Of Globalization1552 Words   |  7 PagesGlobalization has negative and positive effects that impact all levels of everyday operations from the international community through regions to individuals. Some oppose the changes it brings, some turn it to their benefit. The latest globalization wave carrying American values hit the Arab Spring particularly hard. The fight against conformation to American values intensified Jihad movements through terrorism against the Western world. Terrorist groups were able to utilize the same communicationRead MoreThe First Glimpse Of Globalization1573 Words   |  7 PagesGlobalization is the process in which a world-wide circulation of goods, ideas, and people takes place. Historically, there were two periods of profound expansion, the 15th and 16th century and 20th and 21st century. In both cases, these eras of globalization were preceded by periods of enriched thinking, sharing, and scientific revolutions. The renaissance is a prime example of an era when ideas and knowledge flourished and spread throughout Europe. This newfound age of discovery resulted in global