Contact Us
Sign In / Sign Up for FREE
Go to advanced search...
Nobody downloaded yet

Economic and Social Impact of Globalization - Coursework Example

Comments (0) Cite this document
"Economic and Social Impact of Globalization" paper aims to proffer significant social and economic issues that impact global strategies. The concept of globalization encompasses theories beyond the traditional view that global corporations merely do business abroad. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
Economic and Social Impact of Globalization
Read TextPreview

Extract of sample "Economic and Social Impact of Globalization"

Download file to see previous pages Global corporations are heightening their awareness of the nature of their business relationships with diverse governments considered of primary importance to manage factors influencing their performance. From among the elements that global organizations closely and continuously evaluate, the social and economic impacts are considered of significant importance. As the components and diverse perspectives of globalization affect both the host organizations and those nations they do business with, this research aims to proffer significant social and economic issues that impact global strategies.

The concept of globalization encompasses theories beyond the traditional view that global corporations merely do business abroad. Doing so would restrict and limit the nature and attributes of global organizations. In this regard, it is pertinent at this point to define and distinguish relevant terms concerning business organizations that would be used throughout the essay.

Business organizations exist for a particular purpose. The distinguishing characteristic that differentiates one from the other is the market where each operates. Domestic business organizations seek a license to operate in their national environment. When businesses begin to operate across their national borders, then they begin to be classified as international businesses.

Lee Iwan, a professional with extensive cultural and international experiences international business proffered a clear distinction between global, transnational, international, multinational organizations. He averred that international organizations are considered either importers or exporters of products and services with absolutely no financial investment across borders. Multinational companies, on the other hand, have investments across borders. However, the products and services offered in foreign markets are adapted to local situations.

Global organizations have predominantly more investments in various foreign markets. Their strategy employs the coordination of one brand and image in each and every market.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Economic and Social Impact of Globalization Coursework - 2, n.d.)
Economic and Social Impact of Globalization Coursework - 2.
(Economic and Social Impact of Globalization Coursework - 2)
Economic and Social Impact of Globalization Coursework - 2.
“Economic and Social Impact of Globalization Coursework - 2”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economic and Social Impact of Globalization

Understanding economic globalization

Economic journals define globalization as a process by which national economies and cultures are integrated into an international economy so as to enhance international trade, direct foreign investment, migration, and technology sharing. It is generally argued that the concept of globalization greatly contributes to effective and rapid circulation of ideas, languages, and cultural ideologies since nations have liberalized cross-border trade regulations with intent to enhance foreign investment and cross-border trade for international business expansion.On the contrary, Deepak Nayyar strongly claims that globalisation has not led to a rapid growth and economic convergence in the world. He adds that this process greatly slowed down...
7 Pages(1750 words)Essay

Social and Economic Impacts of Globalization

...Impact of Globalization on Economic and Social Inequality Abstract In the past, most nations carried out their trade and other operations separately and within their boundaries. However, the development of globalization in recent decades has led to more, economic, social and political integration between nations. Globalization has brought with it various benefits to individual nations and communities in terms of economic growth and social development. However, it is evident that globalization has also caused various negative effects especially to developing nations for instance social and economic inequality. This paper will analyze the social, political and economic effects of globalization. It will argue that though globalization...
9 Pages(2250 words)Term Paper

Globalization and Economic Development

...? Globalization and Economic Development GLobalization and Economic Development The products and services each country and its people produce and provide are essential for its survival as a nation. Excess capacity translating to excess production normally earns for the country revenue from exports to another country. Conflict arose when these products are in direct competition with the incoming products. In this regard tariffs or taxes are normally increased on the incoming products to ensure that the local producers are protected. This scenario will result to an increase in price for the incoming product that will provide protection for the lower untaxed priced of the local product. However, extra legal means of bringing products...
3 Pages(750 words)Essay

Globalization. Globalization In Economic

... Module Globalization Globalization is a widely discussed topic in the contemporary world. It is a term that gained popularity inthe 1980s and refers to the increased mobility of people and goods across national and international borders that result to improved cohesion across the globe (Lynch 7). Although globalization is largely viewed as an economic process, it is has been known to have numerous political and social effects as well (Pew Research Center). With regards to the political and economic aspects, globalization is described as the process of decentralization of markets and legal systems (Lynch 6). In relation to businesses, it can be explained as a process in which companies venture into the emerging global markets. Furthermore...
5 Pages(1250 words)Research Paper

Economic Globalization

... of neighbouring economies . Global networks operate on a worldwide basis, these networks could range from political netowrks to economic networks.. The Red Cross, although Swiss in origin, appears to fit the bill. Most of the global organizations been prey to the 'national' differences. (Weiss, 1997 see Hu, 1992: 120) Globalization means the overlapping and diffusion of national economies to the point where the significance of national and international networks is reduced in relation to transnational and global networks. The notion of globalization thus conveys a 'widening' and 'deepening' of international ties to a degree that creates a qualitatively new (i.e. global) network of social interaction. There is therefore thetwin issue...
8 Pages(2000 words)Essay

The Social Impact of Economic Crises

Most of the economic problems were attributed to World War I. In the aftermath, economies were trying to recover from the losses while nations in Europe strived to repay the debts acquired in the war. The United States was affected by the depression to a large extent and it ended just before the beginning of Second World War which again led to enormous spending to finance the war. Its impact affected the social lives of people even long after it ended. In a bid to conquer the impact of the great depression, President Roosevelt of the United States established a peace time strategy which had wide transformation within the free trade structure thereby encouraging the formation of the welfare states. The government would intervene in...
15 Pages(3750 words)Research Proposal

Economic Benefits of Globalization

... broadest sense, “globalisation refers to the rapid growth of linkages and interconnections between nations and social communities” that make up the present world system (Barrera, pp. 17, 2007). It is important to note that in economic terms globalisation has many forms. Firstly, it involves and facilitates trade between individuals, companies, corporations and countries no matter how far they are .Organizations like World Trade Organization (WTO) have helped this phenomenon to strengthen even more in the recent past. According to the reports of 2008, international currencies of worth more than 1.5 trillion US dollars are exchanged everyday, in any given 24 hours. Moreover, another report suggests that more than 20 percent of the goods...
7 Pages(1750 words)Case Study

Economic Globalization

Economic Globalization Definition Globalization is defined as “…a widening, deepening and speeding up of worldwide interconnectedness in all aspects of contemporary social life, from the cultural to the criminal, the financial to the spiritual’ (Held and McGrew 1999, p. 2 cited in UC Atlas, n.d.). On the other hand, economic globalization refers to the increased linkage between livelihoods as well as development of services and products on a global level.
There is a lot of subjectivity about the concept of economic globalization and there is no universally acknowledged concept as such. In general terms, economic globalization can be considered as an objective trend that features allotment of factors of production as well as tr...
2 Pages(500 words)Essay

Social Globalization

...Social Globalization Inequality is a term used to define imbalances in economic and social development. This imbalance has been practiced in various countries in the world and it has been due to due to the political influence of a few elite or rich classes. The rich in the society having the control of the political class and the governance of the state make sure that they do create policies which favour them. Therefore, there develops an unequal way of distributing national resources. The rich in the society takes a larger share of economic resources than the majority poor. Over the last thirty years, there have been witnessed a great inequality between the rich and the poor (Dadush, Dervis and Milsom 1). The rich have continued to amass...
10 Pages(2500 words)Research Paper

Impacts of Economic Globalization

...Impacts of Economic Globalization Outline Introduction 2. Lloyd Marine Hull Insurance i. Marine Hull Insurance Business Operation ii. The ownership structure of Lloyd Marine Hull insurance iii. Global reach of Marine Hull insurance iv. Lloyd Marine Hull insurance labor consequences as a result of economic globalization v. Effects of Marine Hull’s economic globalization on environment vi. The impact of economic globalization on Marine Hull insurance vii. The impact of social changes as a result of economic globalization on Marine Hull insurance 3. Toyota Company i. Toyota Business Operation ii. The ownership structure of Toyota iii. Global reach of Toyota iv. The impact of economic globalization on Toyota v. The impact...
9 Pages(2250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Economic and Social Impact of Globalization for FREE!

Contact Us