Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Globaliastion - Essay Example

Comments (0) Cite this document
Globalization Introduction One of the most important and defining event of the 21st century is the growth of India and China. While India has demonstrated swift and excellent development in its “offshore IT outsourcing and other service sectors” (Duanmu and Guney, 2009, p…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Read TextPreview

Extract of sample "Globaliastion"

Download file to see previous pages The deregulation of the FDI abroad, that has taken place in these two countries have lead to the accumulation of more capital and confidence to the companies who have gained them. Now these companies are taking opportunity of the situation by spreading their wings and investing overseas (Duanmu and Guney, 2009).One cannot deny the fact that globalization is here to stay and today new markets can be tapped owning to the advancement of the world economy through peaceful and careful economic efforts (Klein, 2005). Globalization can neither be called good nor bad. It is only a step towards efficiency in the long run and painful cultural and social adjustment in the short run (Mundell, 2000). Rise and Economic amalgamation of India and China China and India have become the most preferred destinations for international business, which has been confirmed by some of the major studies carried out by Ernst & Young (2008), KPMG (2008) and PriceWaterhouseCoopers (2008). Zheng et al. (2006) has found out the factors for such an interest. They found that market growth, liberalist policies, lower labour cost and the amount of goods imported from both the countries by the countries of origin of the FDI are factors of interest to them. However specifically they pointed the bigger size of Chinese market, strategic location in terms of logistic and geography, export volume and greater borrowing cost of China makes it more attractive for the FDIs. On the other hand in case of India though geographical distances discourage FDI, closure distance in culture encourages it. In the year 1980 both India and China accounted for a trivial 2% of global output, which increased to 7% in the year 2005 (Das, 2010). It is expected that both the economies will achieve an excellent bit of convergence with the fully grown industrial economies in the near future. Though they have recorded a rapid growth but their per capita incomes are seen to be significantly low. According to the data published by World Bank (2008a), the per capita income of China in 2007 was $2360, whereas that of India was $950, which were much lower when compared to the per capita income of UK, USA, Japan and Germany. The average per capita income recorded by the Euro zone economies in the year 2007 was $36,329. On one hand the industrial economy and on the other the income disparity between India and China provides an opportunity for larger gains from trade with both India and China. The large gap in the wage level can help them to earn huge benefits by adjusting the productivity. Both the economies have started utilizing from the trade gains. In the year 2007, the GDP of China at the market exchange rates was $3280 billion, making it the fourth largest economy in the world. At the same time the GDP of India was at $1170 billion, making it the twelfth largest economy in the world (World Bank, 2008b). When economies of these huge sizes are seen to amalgamate globally, massive impacts are bound to occur that would affect the global trade, financial flows and pace of globalization. This signifies that the role of these two economies is going to be significant in the global economy. The projection made by Maddison (2005) suggests that by measuring in terms of purchasing power parity (PPP), the GDP of China will be seen to record few more than 18% by 2030. This means that it will overtake US. The GDP of India has been projected to be half of that of China. This fast growing economy has attracted the attention of many of the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Globaliastion Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Globaliastion Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from
(Globaliastion Essay Example | Topics and Well Written Essays - 2000 Words)
Globaliastion Essay Example | Topics and Well Written Essays - 2000 Words.
“Globaliastion Essay Example | Topics and Well Written Essays - 2000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Problems of Human Activities

...Biology Order No. 245354 No. of pages: 6 Premium 6530 Rapid Decline in Population: The decline in population brings about a wide range ofproblems which causes great apprehension among the people of that country. One of the primary concerns is that there won’t be enough number of people in the workforce who will be able to support the elderly and aged people. Even though smaller populations are advantageous to the environment they should be maintained at such levels so that the fertility rate does not come down. . A declining population also causes problems in society as it is always accompanied by an ageing population. The effect of baby-busters is being felt by the Americans. They are an important consumer group... Order No. 245354 No. of...
7 Pages(1750 words)Term Paper

The Globalization Policies in Different Countries

...International trade International trade Introduction The Globalization, Liberalization and Privatization policies adopted by different countries, opened the doors widely open for international trade. Foreign investment and participation in business is welcomed by many countries. The consumers will get better products at cheap rates because of the competition in the market. For example, as per the economic principle, scarcity of a commodity creates demand in the market and hence the price of that commodity will go up. Because of the foreign participation in domestic market, the customers will never fee any scarcity and hence the prices will come down definitely. But most of the countries are still confused about the extent... trade...
6 Pages(1500 words)Coursework

Globalization and Protectionism in Our Century

...Globalization and Protectionism in the 21st Century Globalization is an international phenomenon with far-reaching consequences in the social, political and economic realms. Economic globalization, namely the spread of neoliberalism and capitalist-inspired consumerism as the dominant engine of economic growth, has both supporters and detractors. The world is becoming more and more interdependent and whether you think globalization is a good or bad thing, it is here to stay. Many people in developed countries argue in favor of protectionism because foreign wages are much lower and domestic producers cannot compete. The result is that jobs are lost as employment trends shift overseas. Seeking to explore the present... and Protectionism...
6 Pages(1500 words)Case Study

Cultural Communication

...CULTURAL COMMUNICATION SELF-ASSESSMENT PAPER Cultural communication is a very interesting to analyze in light of globalization and the interconnectedness of different cultural communities throughout the world. Evaluating one’s own cultural background is difficult to do from an objective standpoint. It is also even more difficult to understand how one’s cultural background affects our communication styles with people from our own culture as well as with people from other cultures. With the aim of understanding cultural communication fully, the following will provide a nice overview of my own cultural background. Following this, I will explain the communication style of my culture and then look at how my cultural background... COMMUNICATION...
7 Pages(1750 words)Essay

The Geography of War and Peace

...2) Evaluate Samuel Huntington’s idea of the ‘clash of civilizations,’ and Edward Said’s concept of ‘Orientalism.’ Samuel Huntington in his article onclash of civilizations purports that ‘world politics is entering a new phase’; for him, the source of conflict in the new world is neither primarily ideological nor primarily economic. He believes that new pattern of conflicts of global politics in the new era will be based on the difference in various civilizations among the world nations and that “the clash of civilizations will dominate global politics” (Huntington 159). Huntington argues how the conflict among princes and nations gave way to the conflict of ideologies during and after the world wars. For him, the various... Evaluate Samuel...
10 Pages(2500 words)Assignment

Postmodern Society

... School: Lecturer: presented: Introduction Post-modernity can be described as the current situation of the society after being transformed from modernity in regard to the socio-cultural and economic aspects. Modernity has been defined by Krishan (2005 p 43) as the enlightenment, which was the period whereby many discoveries were made, and science was understood as the basis of progression. Many industries were developed during this period. Human interventions during modernity were aimed at transforming the world in to a favorable place to benefit them. Economic and political institutions were developed during modernity. The emergence of the post-modern society was in a way fueled by the failures of modernism. For example, the post...
7 Pages(1750 words)Essay

Airbus A 380: SWOT and Porters Five Forces Analysis

...INTTRODUCTION This paper is about the European Aero manufacturer, Airbus and its latest offering, the Airbus A 380. Much has been written about theAirbus A 380 and how it is the next generation of aircraft that makes it easier for long haul flights to carry more passengers with fewer or no stops enroute. After the Airbus A 380 was introduced, many called it a revolution in air travel with its emphasis on luxury travel as well as better amenities for economy class travel. In this paper, I look at the Airbus 380 from a critical perspective by analyzing the competition and using tools like SWOT and Porter’s Five Forces. STRATEGIC POSITION In this section, I look at the strategic position of Airbus in the context of the parameters... This paper ...
6 Pages(1500 words)Case Study

European Union Policy: Turkey

...Running Head: European Union.... Topic: European union policy Order#: 377392 Topic: European union policy Profile of Turkey-history, geography and population: “Area: Approx 780,000 sq km (300,000 sq miles) Population: 71.9m (July 2008 est) Capital city: Ankara People: Majority Turks. Minorities recognised under the Turkish Constitution: Jews, Armenians and Greeks. Other ethnic peoples include Kurds, Circassians and Bosnians. Language: Turkish (official), Kurdish Religion: Muslim Currency: Turkish Lira (TL) Government: Parliamentary republic. Membership... Head: European...
9 Pages(2250 words)Case Study

Globalization and World Economic Forum at Davos 2010

...Globalization and World Economic Forum at Davos Forces Driving Globalization Globalization has resulted in enhanced interdependencies among thenations of unprecedented scale. This augmented interdependence has caused the dismantling of trade barriers and liberalization of markets. The forces of globalization have impacted the nations, the firms and the individuals alike with the prerequisite of liberalization of trade (Awuah, 2009). The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and the academia. Some markets are highly globalized, while some are not. The scale... and World ...
7 Pages(1750 words)Coursework

History of Television Technologies

...Running head: Televisions Televisions s Televisions There are various kinds of media used these days and many of them are used for the rationale of providing information. This makes people aware of new things and gives an understanding of their surroundings. This is what that makes this world a global village. Types of media used are television, radio, newspapers, magazines, journals, books, radio, films/ ad films and internet. All these sources play their own main role in spreading information around the world, with all its integrity and truthfulness. The technologically developed hardware for this purpose is known as “Television”; giving out both, the voice and the vision. i Television is the mostly widely used mean of spreading...
6 Pages(1500 words)Coursework
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 Essay on topic Globaliastion for FREE!

Contact Us