padlet.

com/nguyenthiquynhngacs2/ol3epmjjzebg4jvb

IB course
Made with fortitude
NGUYỄN THỊ QUỲNH NGA AUG 10, 2021 01:00AM

YĐHC allowed companies to easily communicate in real-time, which

enhances globalization

Factors driving Globalization and IB

- Advanced in Transportation: ship and air freight have made it
- Rise in and application of technology
easier than ever before to transfer goods across borders
- Liberalization of cross-border trade and resource movements
seamlessly.

- Development of services that support it

- Growth of consumer pressures

4. Socialcutural:

- Increase in global competition

- Globalization Increases Cultural Awareness (the

- Changes n political situations and government policies

worldwide export of western culture through the mass media
- Expansion of cross-national cooperation
such as film, radio, television and the Internet).

Criticism

- Threat to national sovereignty

- Environmental stress
Châu Đỗ Ngọc Uyên - 1911155094 ―
ANONYMOUS
- Income inequality

- Personal stress: insecurity about job and social status Nguyễn Đoàn Hiền Thục - 1911155086 ―
ANONYMOUS

Nguyễn Quang Phúc Hảo 1911155033 Phan Thu Thảo 1911155078 ―

ANONYMOUS
―
FTU.CS2 NGUYỄN QUANG PHÚC HẢO
Nguyễn Nam Phú 1911155068 ―
PHÚ NGUYỄN NAM
Trần Thị Minh Hương 1911155038 ―
ANONYMOUS
Đinh Quỳnh Vi - 1911155101 ―
ANONYMOUS
Hoàng Thị Phương Bảo Nhi 1911155062
―
FTU.CS2 HOÀNG THỊ PHƯƠNG BẢO NHI Nguyễn Hồng Trang - 1911155089 ―
ANONYMOUS

Đặng Thị Thảo Ngân 1911155054 ―

FTU.CS2 ĐẶNG THỊ THẢO NGÂN

Lê Nguyễn Minh Hằng 1911155031 ―

ANONYMOUS
Nhóm Huy Liêu và các nàng tiên
Driving Forces behind Globalization:
Nguyễn Ngọc Minh - 1911155051 ―
FTU.CS2 NGUYỄN NGỌC MINH

Advancement of Technologies: 
Enhancement in telecommunications and Information
Another group
Technology has marked remarkable improvements in access to
Factors driving globalization:
information and increase in economic activities.

1.Economic:
Customer sophistication:

- Brings opportunities to poorer countries (bringing jobs, Customers become more picky and have higher requirements
information technology, and other economic opportunities to for goods relative to their income. Globalization allow more
countries with fewer resources.)
diversification in products

-Makes production more affordable (there are more goods Reduction in Cross-trade Barriers:

available at a wider range of price points.)

Gradual relief in the cross-border trade restrictions by most
- Increase in consumer demands
governments induces free trade.

- Increase in global competition

High Domestics Competition:

2. Political:
The frequent increase in competition in the domestic market
- change in political situation can lead to globalization scale of compels organizations to go global

one country and in other countries.

Low-Cost:
- creation of international organizations to regulate the Nowadays, it is now possible to establish business and personal
relationships among governments.
relationships in the most cost-efficient manner, in a level that
was not possible a few centuries before.
3. Technological:

Criticism
- Advances in Communications: Internet and Cloud software has
Cultural Diversity:
saturated, if your product or service is a success, you can benefit
Globalisation is viewed by many as a threat to the world's from additional sales from new foreign customers.  
cultural diversity

Job displacement:
4. Increased competition in global market
High-cost countries often lose jobs due to globalization, as The present and potential pressures of increased  foreign
production goes overseas.
competition  persuade  companies  to  buy  or  sell  abroad.  For 
Inequality:
example,  a  firm  might  introduce  products  into  markets 
Globalisation operates mostly in the interest of the richest where  competitors  are  already  gaining  sales,  or  seek  sup-
countries, which continue to dominate world trade at the plies  where  competitors  are  getting  cheaper  or  more 
expense of developing countries
attractive  products  or  the  means  to  produce them.
Threats to local Business:
Regardless of industry, most firms and individuals have to
become more global; in today’s competitive business
environment, failure to do so can be disastrous. Once a few
companies have responded to foreign opportunities, others
Nguyễn Nhật Trường - 1911155092 ―
ANONYMOUS inevitably follow suit. And they learn from each other’s foreign
experiences

Nguyễn Duy Minh - 1911155049 ―

FTU.CS2 NGUYỄN DUY MINH

5. Market expansion thanks to the growth in consumer

Liêu Võ Khánh Huy - 1911155039 ―
ANONYMOUS
preferences
Nowadays, more consumers know more about products and
Bùi Thị Thuỳ Liên - 1911155043 ―
ANONYMOUS
services available in other countries and they are able to afford
Trần Minh Luận - 1911155046 ―
ANONYMOUS to buy them, and demand the greater variety, better quality, and
lower prices offered by access to them. Therefore, business can
Vũ Thành Nam - 1911155053 ―
ANONYMOUS gain a great deal pff benefits from globalization, including new
customers, increased profits and so on
Nguyễn Thị Trà My - 1911155052 ―
ANONYMOUS

Cộng Đồng
Nguyễn Đan Thi - 1911155080 ―
ANONYMOUS
 Support 

1. Rise in and application of technology Chung Ngọc Nhã Thi - 1911155079 ―

FTU.CS2 CHUNG NGỌC NHÃ THI
Technology  is conceived as a major facilitator and a driving
force in the globalization processes.  Lê Yến Nhi - 1911155063 ―
ANONYMOUS
Many modern products allow the 3 main flows of the
global supply chain including finance flow, information Nguyễn Quý Thương - 1911155087 ―
ANONYMOUS
flow and product flow to be much more smoothing and
motivate the globalization process Nguyễn Hồng Gia Hân - 1911155028 ―
GIA HAN NGUYEN HONG

Development of transportation nowadays allow the fast

pace of globalization Nhóm NCGDN
1. Forces driving globalization:

The emergence of internet, which drives the - Advancement of Technologies

communication to be easier, helps to make the - Reduction in Cross-trade Barriers

international business to be more simple. - Increase in Consumer Demand

- High Competition

2. Liberalization of cross-border trade and resources

- Access to New Talent

movements
- Cultural exchange

To protect domestic industries, many countries restrict the - Improved transporatation

movement across its borders (including the movements of good, 2. Criticism

service, capital, labor, etc). As a result, that will lead to the - Poverty gap

limitation of international business activities. However, thanks to - Job lost 

globalization, most governments have reduced many restrictions - Job pressure

for many reasons. Economic liberalization is considered a

- Environmental degradation

beneficial and desirable process for emerging and developing

- Large multinational corporations have the ability to exploit tax
countries. 
havens in other countries to avoid paying taxes

- Providing products overseas in foreign countries puts

3. Diversification of risks technologies at risk of being copied or stolen

With globalization, you have access to a considerably large - Threats to National Sovereignty

number of marketplaces. Even though your local markets are

- Growing Income Inequality and Personal Stress

 Nguyễn Trúc Mai Phương - 1911155069 taxes.

―
FTU.CS2 NGUYỄN TRÚC MAI PHƯƠNG

3. Increased inequality
Đặng Vũ Thúy Vy - 1911155105 ―
ANONYMOUS
Globalization has made some people very rich. The majority,
however, are given scraps. Free market critics argue that
Nguyễn Ngọc Thảo Nhi - 1911155065 ―
ANONYMOUS
globalisation has perpetuated inequality in the world rather than
Nguyễn Quang Khải - 1911155040 ―
FTU.CS2 NGUYỄN QUANG KHẢI reducing it.
In 2007, the International Monetary Fund suggested that
Châu Lê Mỹ Uyên - 1911155095 ―
ANONYMOUS inequality levels may have increased due to the introduction of
new technology and foreign investment in developing countries.

Dương Ngọc Hồng Vân- 1911155099 ―

ANONYMOUS
4. Environmental Concerns:
Globalization has been related to a number of environmental
Butterfly issues, many of which are serious, such as:
Economic specialization and infrastructure development
MOTIVATION FOR GLOBALIZATION

have resulted in deforestation and ecological loss.

Higher movement of commodities results in increased
1. Advancement of Technologies: The advancement of
greenhouse gas emissions and other forms of pollution.
technology and communication network has led to the growth
Invasion of new ecosystems by potentially invasive
of various sectors of the economy, facilitating the exchange of
species
goods and services, access to information and resources

Trần Thuý Hằng - 1911155032 ―

ANONYMOUS
2. Reduction in Cross-trade Barriers: Trade agreements reduce
or even eliminate tariff and quota for import and export of Nguyễn Tấn Tấn - 1911155076 ―
ANONYMOUS
goods. Therefore, exporters and importers can increase their
profits from trading. For example: Free trade agreements like Tôn Nữ Thục Oanh - 1911155067 ―
K58 TON NU THUC OANH
EVFTA, CPTPP.

Nghiêm Mai Yến Nhi - 1911155064 ―

ANONYMOUS
3. Access to Consumer Bases and Increase in Consumer
Demand: Integrating into global markets will expose businesses Nguyễn Thị Minh Hoàng - 1911155036
―
FTU.CS2 NGUYỄN THỊ MINH HOÀNG
to new consumer bases and access to a wider range of potential
customers. Moreover, with the increase in the level of income
and standard of living over time, the demand of consumers for
diverse products has also increased. The globalization of the The only 1
market will give consumers more choices of products and * Forces driving globalization

services, which require countries to use their resources more - Advancement in technology

efficiently to remain competitive in the global market. - Cost driver shows the variation in cost and efficiency across
countries

4. High Competition: Organizations are compelled to become - The taste of individuals and societies.

global as domestic market competition intensifies. Through - Lower trade barriers, trade liberalization

mergers and acquisitions, strategic alliances, and joint ventures, - Market and competitive drivers

several companies have increased their global market share. - Industrialization in LDCs

These are the primary elements that have aided globalization

and the expansion of the global economy. *Criticism:

- Sovereignty

Against
- Environment

- Job loss

1. Job losses: Critics often point out that globalisation has led to - Increase in personal stress

job losses in the developed world, notably in the manufacturing - Loss of Cultural Identity

sector. For instance, the US has lost 5 million manufacturing jobs

since 2000. Globalization, as it currently exists, is making some *Impacts of Covid19

in the developed world very rich, but hurting working class - Political globalization

communities.
- Economic globalization

- Social globalization
2. Erosion of state sovereignty
International trade limits the ability of nation-states to Nguyễn Long Nhật - 1911155060 ―
FTU.CS2 NGUYỄN LONG NHẬT
control domestic economies, whereas international
organisations and laws place limits on their decision- Cao Ngọc Quỳnh Hương - 1911155037
making abilities. ―
FTU.CS2 CAO NGỌC QUỲNH HƯƠNG

Large multinationals exploit legal loopholes (and use

Phạm Thị Quỳnh Mai - 1911155047 ―
FTU.CS2 PHẠM THỊ QUỲNH MAI
well-paid lawyers and accountants) to help them avoid
 Nguyễn Thị Ánh Linh - 1911155045 ―
ANONYMOUS Nguyễn Phạm Thu Uyên - 1911155098 ―
NGUYỄN PHẠM THU UYÊN

Huỳnh Khánh Linh - 1911155044 ―

ANONYMOUS Vương Tú Vy - 1911155107 ―
FTU.CS2 VƯƠNG TÚ VY

Nguyễn Hoàng Tuyết Nghi - 1911155056

―
NGUYỄN HOÀNG TUYẾT NGHI
Anonymous
We advocate for globalization for these following reasons:
DREAM TEAM Rise in and application in tech: technology transfer and
spillover will be positively affected because globalisation
TECHNOLOGY facilitates the process of spreading knowledge on
Rise in and application of technology. Grab is a corporation technology via such activities as domestic and foreign
from Singapore provides a platform connecting users with taxi firms collaborate on projects or investing through modes
via Internet. When entering Vietnam, Grab has made great of FDI entry such as M&A or greenfield. These activities 
changes in habit of how to call for a taxi, which is more will ultimately offer the host countries the chance to be
convenient, more proactive and safer exposed to advances in the technological field faster.
Consequently, the innovations in technology will be
MARKET:
stimulated and more advanced machines will be utilised
- Increasing consumer demand: Over the years, with increase in for all aspect of life
the level of income and standard of living -> the demand for
Liberalization of cross-border trade and resource
various products has also increased. Nowadays, consumers are movements: this is because globalization includes the
well aware about products and services available in other removal of trade barriers such as some tariff or quota,
countries, which impel many organizations to work in ultimately facilitating the transactions among the
association with foreign players for catering to the needs of the countries. Increased cross-border trade also stimulates
domestic market.  the speed and the amount of resources capital flowed
- Growing consumer pressure from one country to another, strongly contributing to the
 + Consumers nowadays are more aware about the products and
improvements in manufacturing process, leading to the
services that are available within and outside their domestic higher quality of the outputs. 
territory.  Development of services that support IB: Companies
 + Today consumers want new and better products that are around the world have developed different types of
finely differentiated.  services that enable transactions across the border much
 + The availability of higher income markets has also spurred easier. Specialisation no longer refers to sectors within
companies to spend more heavily on research and development countries but to specialisation in different activities
to search.

within production network

 - Sociocultural force: the worldwide export of western culture Growth of consumer pressure: nowadays, living
through the mass media such as film, radio, television and the standards have improved so consumers can afford to buy
Internet  products overseas instead of only in their country.
Besides, they also demand for higher quality of the
POLITICS products, the variety of products and the need for lower
- Changes in political situations and government policies: prices, so they search for products all over the world. 
increase power of nations, groups and nongovernmental parties,
Increase in global competition

expansion of new political culture,   In order to grow business, many companies need to
- Expansion in cross-national cooperation: integration through expand and enter a new market in other countries. With
WTO, bilateral integration and regional integration. This the global market, global inter-firm competition
cooperation gives greater benefits for all parties. increases and organizations are forced to “play”
Example: EU, ASEAN, FTAs internationally. Strong interdependencies among
countries and high two-way trades and FDI actions also
COVID-19 HAS NEGATIVE OR POSITIVE IMPACT ON
support this driver.
GLOBALIZATION? Political Driver: changes in political situations and
government policies. Nowadays, many countries have
imposed policies that reduce or even eliminate barriers
to trade in goods, services, labor, capital, such as reduce
Vương Tú Vy - 1911155107 ―
ANONYMOUS
import tariff barriers,....or sign many free trade
agreements between countries....These activities help
Lê Ngọc Thanh Vân - 1911155100 ―
ANONYMOUS
promote economic cross-border interconnections. 
Nguyễn Quang Sĩ - 1911155075 ―
ANONYMOUS Cross-national cooperation has increased the
integration of money, products, information, people
Nguyễn Phạm Thu Uyên - 1911155098 ―
ANONYMOUS across regions. This gives way to international
interactions and trade dependences. Favourable
Nguyễn Thành Vinh - 1911155103 ―
ANONYMOUS conditions in the Free Trade agreements give more
chances for the countries to expand export and import
 activities, eventually leads to market expansion in other Access to local talent: Specialised talent can be hard to find in
regions.   your home country. However, expanding abroad gives you
Dynamic effects: the gain from overall market growth, the access to a pool of potential workers with unique skill sets.

expansion of nation products,.. ->  Globalization

3.  Development of service that support IB

How does Covid-19 affect globalization?

IB needs a increasing in human resources, along with
Positive sides:  infrastructure, and this is different in different countries.
Stimulating the spread of knowledge among countries on Besides, many countries join the same economic areas which is a
medical issues such as vaccines or curing welcome to other countries to have IB

methodologies,...
Decrease in inequality: That’s a positive development, 4. Growth of consumer pressures

because ending the COVID-19 pandemic and preventing
future crises requires international co-operation and a
global effort to ensure no single country is left behind.
Vaccines must be made available and affordable to all
countries, as just reiterated by the leaders of G7 nations
Globalization gives us the access to larger base of customers
globally and larger chance to get profit. Moreover, companies
can gain profit by exchanging currency. However, enterprises
have to deal with more problems such as cost for R&D(different
culture, markets...), can't manage labor outsourcing...

in their promise to supply one billion doses of the

COVID-19 vaccine to poorer nations. 5. Increase in global competition

Negative sides: Learning to compete: By launching a product globally, you learn

Social globalization has been heavily affected by the how to compete with foreign companies to sell that product and
COVID-19 pandemic because many countries have creating advantages in competition for the company with the
imposed travel restrictions on both residents and foreign competitors in the similar field

travellers. Border closures hinder migration, especially

the movement of tourists and international students. 6. Changes in political situations and government policies

Migrant remittances were also affected, not because of Countries with a more growing economy or a more favorable
any formal restrictions on remittances, but mainly policies than yours would be easier for your business to grow
because of the impact the pandemic had on immigrant and increase revenue

employment.
The initial outbreak of the COVID-19 pandemic affected 7. Expansion of cross-national cooperation

international co-operation negatively, in part because of a premise for becoming a successful international company to
the blame game between the two largest economies in enter more foreign markets and building a strong network with
the United States and China.Politically, the outbreak of other countries

COVID-19 could be used as a building block in the future

to reinforce international co-operation and strengthen
the pillars of political globalization.
Barriers To Entry: From cultural customs to language differences,
Bùi Lê Phương Hoa - 1911155035 ―
ANONYMOUS there are several barriers to entry that must be addressed, along
with some requirements from laws ―
ANONYMOUS
Nguyễn Thị Diễm Quỳnh- 1911155073 ―
NGUYỄN THỊ DIỄM QUỲNH
Rivalry Among Nations: International business may also lead to
tension among nations due to intense competition of exporting
Nguyễn Ngọc Cát Hân - 1911155029 ―
ANONYMOUS
more and more products. ―
ANONYMOUS

Võ Hải Nhi - 1911155066 ―

FTU.CS2 VÕ HẢI NHI
Cost Of Establishing And Termination Of An Entity: Building
infrastructure, setting up a business entity, and paying local
Nguyễn Ngọc Tường Vy - 1915535623 ―
ANONYMOUS
workers can be very costly. Not to mention, very time-consuming.
―
ANONYMOUS
Nguyễn Phúc Lam Kiều - 1911155041 ―
ANONYMOUS
Compliance Risk: Entering into new markets can be complex.
Nguyễn Ngọc Cát Hân - 1911155029 (em xin bổ sung với account đã When expanding into a new market, a business must adapt and
có tên của em ạ) ―
HÂN PHÁC operate according to the country’s regulations. ―
ANONYMOUS

Managing International Employees – Hr And Payroll Obligations:

Nhóm Chợ Nhỏ Going global brings many advantages. However, hiring
international employees requires a new level of HR support and
Forces Driving Globilization and IB (Advantages)
administration. ―
ANONYMOUS
1. Rise in and application of technology

A Chance for Specializing: Motivation for improving + innovating Lê Nhật Quyên - 1911155071 ―
ANONYMOUS

products’ quality to meet global standard => requires more skills

Lăng Ngọc Thúy Hằng - 1911155030 ―
ANONYMOUS
training as well as updating technology

Lê Nguyễn Bình Minh 1911155048 ―

FTU.CS2 LÊ NGUYỄN BÌNH MINH
2. Liberalization of cross-border trade and resource
movements
Nguyễn Thị Minh Thư - 1911155084 ―
ANONYMOUS
 Nguyễn Ngọc Anh Thư - 1911155083 ―
ANONYMOUS 1. Promotes global economic growth

- Access to labor

Trần Trúc Thiên - 1911155081 ―

ANONYMOUS - Access to job

- Access to resources

2. Increased Global Cooperation

Nhom Sixy
Driving force of Globalization:

Lê Thị Mai Trinh - 1911155090 ―

LÊ THỊ MAI TRINH
1. The removal of tariff and non-tariff barriers, lower barriers
for investments:

Nguyễn Khánh Trinh - 1911155091 ―

ANONYMOUS
Many of the world trades are currently done through free trade,
bilateral, and multilateral agreements.
Nguyễn Trần Thúy Vy - 1911155106 ―
ANONYMOUS
2.Advancement in technology:

Enhancement in telecommunications and Information Trần Thẩm Quỳnh- 1911155074 ―

ANONYMOUS
Technology (IT) has marked remarkable improvements in access
of information and increase in economic activities. This Nguyễn Ngọc Phương Uyên - 1911155097
―
NGUYỄN NGỌC PHƯƠNG UYÊN
advancement in technologies has led to the growth of various
sectors of economies throughout the world.   

Phan Đỗ Quyên - 1911155072 ―

PHAN ĐỖ QUYÊN
3. Lower Costs for Products

Globalization allows companies to find lower-cost ways to

Trần Thẩm Quỳnh- 1911155074 ―
TRẦN THẨM QUỲNH
produce their products. It also increases global competition,
which drives prices down and creates a larger variety of choices Nguyễn Khánh Trinh - 1911155091 ―
FTU.CS2 NGUYỄN KHÁNH TRINH
for consumers.

Support:

※※※※※※