Globalization is an ongoing process of interaction whereby integrating the domestic economy, culture, technology, etc. into the worldwide scope through activities such as Foreign Direct Investment, Foreign trade. …
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Globalization is a significant but not a new economic phenomenon. World Bank throws out that there were three main globalization waves since 1870 where the global economy, capital flow and migration have been increasing dramatically. China is the fastest growing country among all the developing countries and dominates an important role in the most recent globalization wave. From the figure 1, we can see that the GDP of China has been significantly increasing to an unprecedented rate and the rate has maintained 12% growth annually in the global economic integration decade. The rapid economic growth in China captures the world’s attention especially after the economic reform and openness policy in 1978 as the Trade, exports and imports have enormously gone up (Refer to Figure 2). Perhaps like other developing countries, China has been experiencing an increase in economic inequality accompany with the global economic integration. As shown in figure 3, the Gini coefficient from 1978-2008 presents that the inequality within the country has been highly raised. Growing on the intra-country inequality not only affect the stability of the country, but also hamper the potential economy growth. Moreover, the inequality problem is quite complicated in China as the wage inequality, uneven income distribution and regional disparity are all needed to take into account when we concern about the economic inequality of a country. The following chapter will briefly review the current literature to see what scholars have discovered on this topic and how they argue about the story. In chapter 3, the empirical model will be constructed and displays the details of data resource, data description and OLS assumptions. Chapter 4 will access the tests for the model to check its validity, and then find out the relationship between the four independent variables and the dependent variable. Critical analysis about the globalization impact on the inequality in China will also applied in Chapter 4. The conclusion will be drawn in Chapter 5 to summarize what evidences have been found from
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Implications of branding strategies and their influence on consumer behaviour are also examined. International marketing environment International marketing is “marketing in an internationally competitive environment, whether the market is home or foreign” (Cherunimal, 2010, p.1).
2007). Minescu (2011) thinks similar with the Asian financial turmoil and the Nordic countries crisis; the main reason lied in rapid growth of long-term new loans and assets price. Although there are many special characteristics in the current sovereign debt crisis, the European Commission (2009) thought that the causes are similar to that for previous crises in Asia in late 1990s or the Nordic countries in the early 1990s.
The wave of globalization has affected business operations in the world to a large extent and BP Oil Exploration Company is no exception. The changes in ideology and technology which are associated with the global economy have changed companies especially in their approach to management.
Most if not all countries of the world have realized that for them to achieve economic development they need to embrace globalization. Over the years, there has been a perception that China’s policies seem to seek development and prosperity in isolation.
Finally, the paper will gives an overview of what the local Africans think regarding the Chinese heavy presence in their countries. Sautman and Hairong note that the growth of trade between China and Sub-Saharan Africa (SSA) has improved significantly over the last few decades.
Though, the luxury goods manufacturing industry is operating in a favorable environment, there are numerous challenges that are still causing lapses in the development of this industry. These challenges might include globalization of industries, intense competition; majority of the luxury markets has reached to a maturity stage and the highly complex consumer preferences towards consumption of luxury branded goods (Hauck & Stanforth, 2007).
It is technological advances that have immensely reduced the costs of communication, transportation and computation that has boosted globalization. Another factor that has been responsible for globalization is the
This company is involved in the production of primarily herbal juices and oil. In a very short period of time Mecitefendi has broadened the range of products and acquired large number of customer portfolios within Turkey owing to the quality of products
rocess through which investors and fund managers identify potential risks of their businesses and act in such a way that their business interests are safeguarded. Allen goes ahead to assert that the decision on whether to accept or take mitigation steps towards the potential
16 Pages(4000 words)Literature review
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