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

Globalization: The Impacts of Globalized Business Transactions - Research Paper Example

Comments (1) Cite this document
 This paper discusses the impact of globalization on global business. Also, it discusses the positives and the negative effects of globalization. From an economic perspective, “Globalization” is an essentially inevitable and almost unchallengeable exchange process. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Globalization: The Impacts of Globalized Business Transactions
Read TextPreview

Extract of sample "Globalization: The Impacts of Globalized Business Transactions"

Download file to see previous pages With a powerful internet regime aiding a voluminous international exchange through an omnipresent availability of data, the world has graduated from the primary obstacles of geography and social boundaries to a higher level thinking of strategies capable of penetrating even the potentially valuable networks born out of the same process. The Positives Effects of Globalized Business The implications of increasingly globalized market transactions are voluminous. In essence, the rather enlarged scope has blurred the distinction between the domestic and the international while seeking to reward players [the small and big moneyed] with larger visions, which is, for sure, every business’ desire (Hax, 75-77). 
With trade liberalization as the primary engine opening up international markets for the exchange of goods and services in a “borderless” system, the growing interdependence among the world’s economies via the multinational nature of sourcing, trading, manufacturing, and investment activities has magnified the frequency of cross-border transactions and financing, heightening the intensity of competition; a competition that is large scale and enlightening in character (Hout, 1982). There is no gainsaying that the new generation of national governments is developing a series of ambitious economic policies and economic reforms aimed at integrating themselves within the global economy. More than any other time in history, the advances in communication technologies, the ever-expanding economic growth and wealth across the globe are weakening the boundary walls erected even by the pioneer advocates, thus making the formation of economic trading blocs a viable bargaining chip for the preservation of common interests (Hax, 1989, p. 92). With the development of new technologies, countries have formed irreversible linkages shifting the focus away from the nation-state towards industry oriented specialization. Sagagi (2007) is categorical in his analysis stating that “though willingly, countries at different stages of development are grudgingly liberalizing their economies to allow for direct foreign investments and reap from the obvious benefits such as the transfer of technical know-how”. Indeed as Ajayi (2003) reports, global trade flows increased 16 fold over the last 50 years, thus bridging the income between the poor and the rich nations. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Globalization: The Impacts of Globalized Business Transactions Research Paper”, n.d.)
Globalization: The Impacts of Globalized Business Transactions Research Paper. Retrieved from
(Globalization: The Impacts of Globalized Business Transactions Research Paper)
Globalization: The Impacts of Globalized Business Transactions Research Paper.
“Globalization: The Impacts of Globalized Business Transactions Research Paper”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
nhahn added comment 1 year ago
Student rated this paper as
Precise work done on the "Globalization: The Impacts of Globalized Business Transactions". I think it is the best example I have seen so far.

CHECK THESE SAMPLES OF Globalization: The Impacts of Globalized Business Transactions

Internal and External Environmental Analysis for the Bakery Business

Liberalization of foreign investment and technology policy of the government is supportive of establishing industrial units in the country.

Threat: The UK food regulatory authority is planning to enforce the EC Regulations relating to food labeling. The labeling requirements under the new regulations will affect the food industry as the suppliers will be legally obliged to disclose the GM content of foods to the caterers. Thus business firms in the bakery industry also will be effected through the exclusion of flexible manner of labeling arrangements in the case of flour confectionery involving GM Soya or maize. (Genetically modified and novel foods (labeling) (England) regulations, 2000).

Trend: The new subs...
6 Pages(1500 words)Case Study

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...
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 international...
6 Pages(1500 words)Case Study

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages(1500 words)Coursework

Business Information Systems

... for quantity It will increase the accuracy of place of operation Customer Information System The next main choice regarding the technology solution at Club IT will be customer information system. They need to implement this system for the business management, data handling and trisection management. This system will be business management (business information management) system. This system will have following inputs: Sales record of all transaction Record of all Store data Record of all employees Record daily expenses Record special events Record all discounts They will obtain following advantages from the system implementation: Calculating total daily revenue Calculating total expenses Calculating customer bills Calculating...
8 Pages(2000 words)Case Study

Business Administration

... business transactions. These elements are the culture, traditions, customs, history, idiomatic terms, and non-verbal communication. Knowing the English language is not sufficient. A mistake such as the one that took place in Brazil should not have existed. The Pinto automobile was being introduced into Brazil however the marketing or the publicity teams did not perform their research to the maximum. They introduced the Pinto with the name used in the USA and since Pinto in Portuguese means small male organ, the business transactions failed. The males did not want to be identified as an owner or riding a Pinto. Concerning Risk Management, the Citigroup has to make sure that the management is trained in all of its phases so that risks...
6 Pages(1500 words)Essay

Business Plan Real Estate Agency

re representing our company as their business consultants and our responsibilities are limited to the knowledge of the client’s business and information provided by the client.
The company Of-Fit has been operating as office supplies and equipment supplier since 1998. Their corporate office is in Aberdeen and it has excellent industry relations. The company is a sole proprietorship and its owner is Mr. Andrew Schwatz who has been working in the industry for more than 20 years. The company current staff is 8 and its revenues are £115,690 and £156,178 in 2008. The company aims to expand its operations in other business areas and regions of the UK.
The detailed business plan developed for this report incor...
12 Pages(3000 words)Business Plan

Business Sustainability and Society: Coca-Cola Company

... that business ethics has now become a component limited to theoretical policies and frameworks of business organizations, and such principles and ideologies although enable an organization to acquire income in a fair manner, however, it is now fading gradually from the business sectors. Brief analysis (Chadwick & Schroeder, pp. 11-18, 2002) has indicated that a set of ethical principles exist in almost every business organization globally; however, executives are not ensuring its implementation on ground reality level. For such reason, a number of researchers (Crane, pp. 43-48, 2007) are putting efforts to analyze different practices of business organizations in light of ethical theories and frameworks that has become a major concern...
10 Pages(2500 words)Case Study

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages(1750 words)Coursework

Globalization and World Economic Forum at Davos 2010

..., should also allay fears of the local population of being dominated by an alien culture through strengthening local cultural institutions. The firms should make attempts to be global and local at the same time. References Awuah, Gabriel. (2009). The impact of globalization and trade liberalization on competitiveness of firms in less developed countries: a longitudinal study. International Journal of Business Research,;col1FirefoxHTML\Shell\Open\Command accessed on February 15, 2010 Colony, George F.(2010). The Counterintuitive CEO. Forrester. accessed February 15, 2010 Dornier, Philippe-Pierre. Ernst...
7 Pages(1750 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 Research Paper on topic Globalization: The Impacts of Globalized Business Transactions for FREE!

Contact Us