Professional Documents
Culture Documents
International Business - Paper1
International Business - Paper1
education, and especially business. As Bill Clinton has stated, people across borders
have developed an increasing reliance upon one another, and like a marriage,
globalization forms ties intended to remain intact for quite some time into the future.
Globalization is not something that can be slowed or stopped, as it is practically a force
of nature that has extending beyond matter of economcs and even infiltrated areas of
sensitivity such as culture and policy. Therefore, it is imperative that rising professionals
take the time out to reflect upon a personal definition of globalization, he impact of
globalization, opportunities yeilding from globalization, and the potential for influencing
the positive effects of globalization in a personal and professional setting.
(4) how can you do to increase the positive impacts of globalization on your career and
life?
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benihana, genentech, the goal
Globalization has come to be a principal characteristic feature of the new millennium and
it has become an inescapable reality in today's 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-cola, cars,
cosmetics and clothes seen in the cities and towns hide the reality of poverty and
suffering of the people. We have almost reached a point to believe that "We cannot
reverse the trend; we can only go forward!" We need to ask: What is the role and
priorities of theological education in this fast changing situation.
The opportunities
Jobs are being created as business opportunities increase with the reduction of trade
barriers and the decentralization of production to take advantage of benefits specific to
the location of their facilities (e.g., low-cost unskilled and skilled labour). The most
striking is the case of export processing zones (EPZs), as described elsewhere.
Other developments are the subcontracting of activities by companies, greater
specialization and new forms of work organization. All have some positive direct and
indirect effects on employment. The spread of subcontracting has generated at least 200
million jobs worldwide. New forms of work organization have been accompanied by a rise
in non-standard forms of employment, with advantages for certain groups. Workers with
family responsibilities, highly skilled professionals, migrants and adults undergoing some
form of training have been able to opt for part-time, temporary, home-based and fixed-
term employment.
Greater specialization and the widespread application of advanced technologies have
stimulated a rise in demand for skilled labour in fields such as information technology
(IT), specialized financial and other business services, materials engineering and
biotechnology. On the whole, job opportunities for women in high-growth sectors remain
limited, mainly because of lack of required skills.
The implications of globalisation for a national economy are many. Globalisation has
intensified interdependence and competition between economies in the world market.
This is reflected in Interdependence in regard to trading in goods and services and in
movement of capital. As a result domestic economic developments are not determined
entirely by domestic policies and market conditions. Rather, they are influenced by both
domestic and international policies and economic conditions. It is thus clear that a
globalising economy, while formulating and evaluating its domestic policy cannot afford
to ignore the possible actions and reactions of policies and developments in the rest of
the world. This constrained the policy option available to the government which implies
loss of policy autonomy to some extent, in decision-making at the national level.
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