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Business and Effects of Globalization

Categories: BusinessGlobalization
  • Easier to communicate throughout the boundaries
  • Easier to travel
  • Cultural interchange
  • International Trade Better and cheaper products
  • Improvement of new technologies
  • The cheaper products increases the purchase power
  • The transport of the products is easier and faster Globalization creates a political and an economical union, which facilitates the agreement between the countries
  • Delocalization creates unemployment in developed countries Non-controlled circulation of money (free market) no ethics.

The businessmen and the big companies are the only winners in globalization. Exploitation of the workers in the developing countries incl.

Children Money problems can easily be spread The mix of cultures can lead to racism, xenophobia, intolerance and loss of national identity Small companies have to go out of business because they cant compete with the multinationals As a result the gap between the poor and the rich people increases 2 In which world you will live in 15 years Our motto Join our forces in the European Union!

Positive opinions

  • No more borders.
  • We can pass freely
  • Cheaper, faster and easier transport.

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  • The communication there will be faster and cheaper too
  • People will know more about others their languages, culture and habits
  • Thanks to European Parliament guaranteed common laws and human rights for each country
  • Europe will have created their common social system with common guaranteed minimal wage, so that we can mitigate a part of the injustice created the different live standards in every european country

Negative opinions

  • There will be more discriminations, because the mix of cultures will increase and people are afraid of what they dont know
  • Every country could lose own cultural identity, habits and traditions
  • Our future depends on us and on our politicians.

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  • Without the support of the politicians we cant create a positive future.


What can we do as citizens to make the world a better place DAILY BEHAVIOR POLITICAL ACTIONS Making sure people get informed also in alternative ways and taking this information critical The EU have to make sure there are clean water supplies for everybody The EU can try to donate not only money, but also tools which should be directly given to the countries in need

  • Improve education Reduce emission of co2
  • Promote integration of immigrants
  • Buy guaranteed organic products
  • Try to buy fair trade products whenever possible
  • Recycle everything possible
  • Use cleaner fuels Help the third world as much as possible
  • Dont hesitate to take every opportunity possible to meet new people from different cultures
  • Dont overuse natural resources

The role of the EU and globalization

Strong countries have to help weak countries. The EU should counter-balance the USA and other emerging global powers The EU has a big responsibility being a model to other countries.

The EU has to promote cultural equality, but preserving our identity. The EU can promote our intercultural exchanges. The union makes the force. The EU must globalize Human Rights. The EU must preserve the peace. The EU has to protect the jobs of the EU citizens. The EU must control pollution made by big companies International Business Globalization By Mukesh Mishra Kathmandu, Nepal

Topics for the discussion Introduction Agent/Facilitator of Globalization

  1. Positive effects of Globalization Negative effects of Globalization
  2. Globalizaion Integration of National economies with international Economy. The closer integration of the economies of the world as a result of the reduction of transportation and communication costs and the reduction of manmade barriers to the movements of goods, services and capital throughout the world. Globalization refers to the shift toward a more integrated and interdependent world economy.
  3. Globalizaion Globalization of Market refers to the merging of historically distinct and separate national markets into one huge global marketplace. Falling barriers to cross- border trade have made it easier to sell internationally. Globalization of production refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labor, energy, land and capital ) Globalization Advocates of Globalization see not only the increases in incomes but also the spread of democratic values. Opponents of the globalization worry not just about the loss of jobs but about loss of local culture.
  4. Agent/Facilitator of Globalization World Trade Organization (WTO) Rule based international Organization deals with free and fair trade among member nations.
  5. Currently, there are 153 members in WTO Established in 1995, successor of General Agreement of Tariffs and Trade (GATT) GATT was formed in 1947. Agent/Facilitator of Globalization United Nations (UN)- Although the UN is perhaps best known for its peacekeeping role, one of the organization’s central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development all issues that are central to the creation of a vibrant global economy.
  6. Agent/Facilitator of Globalization World Bank World Bank is taken as a lending institution, development agency, think tank, forum for international governmental politics and economic diplomacy. Formed in 1944 as International Bank of Reconstruction and Development (IBRD). From 1970’s bank started the process called ‘Structural Adjustment’ program, under which infrastructure, telecommunications and some social services are privatized, labour, the civil service and judiciary are revamped. Other facets are lowering deficits and tariff barrier, opening the economy to short term capital flows. In return IMF and World Bank provides assistance to the economies. It offers highly leveraged loan to poor countries.
  7. Agent/Facilitator of Globalization International Monetary fund (IMF) Its an organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rates and the balance of payments.

Designer of Structural Adjustment Program

IMF is often seen as the lender of last resort to nation state whose economies are in turmoil and currencies are losing value against those of other nations 10. Agent/Facilitator of Globalization Regional Economic Integration Free Trade Area (FTA)- A free trade area occurs when a group of countries agree to eliminate tariffs between themselves but maintain their own external tariff on imports from the rest of the world. The north American free trade area (NAFTA), South Asian Free Trade Area (SAFTA) are FTA’s.

A regional Economic integration agreement is the next step to Regional Economic Agreement (RTA), it can include the free movement of capital as well as goods and services, a common currency and a common economic policy. European Union. 11. Effects of Globalization Industrial- Movement of material and goods between and within national boundaries. International Trade in manufactured goods increased more than 100 times (from $95 billion to $12 trillion) in the 50 years since 1955. Financial- It is the world where $1. 2 billion in foreign exchange transactions are made everyday.

Current economic crisis is the example of financial integration Economic- Four Indians were among the world’s top 10 richest in 2008, worth a combined $160 billion. In 2007, China had 415,000 millionaires and India 123,000. 300 million Indians lifted up from poverty during 1991 to 2008. On the global scale, health becomes a commodity. In developing nations under the demands of Structural Adjustment Programs, health systems are fragmented and privatized Political- China and India are emerging as a political power. Their rapid economic growth provided them space in global arena.

The most popular language is Mandarin (845 million speakers) followed by Spanish (329 million speakers) and English (328 million speakers). About 35% of the world’s mail, telexes, and cables are in English. Approximately 40% of the world’s radio programs are in English. About 50% of all Internet traffic uses English.

  • Effects of Globalization WHO estimates that up to 500,000 people are on planes at any one time, in 2008. The IOM estimates there are more than 200 million migrants around the world today. Newly available data show that remittance flows to developing countries reached $328 billion in 2008. Around 2. 5 millions people are working abroad. Remittance inflow per year is around 209 bn.
  • Effects of Globalization Farmers are loosing market due to cheaper (subsidized) products coming from outside, mainly in developing nations Globalization has led to exploitation of labor. Prisoners and child workers are used to work in inhumane conditions. Job insecurity, Increased job competition has led to reduction in wages and consequently lower standards of living.
  • Effects of Globalization Companies have set up industries causing pollution in countries with poor regulation of pollution The benefits of globalization is not universal. The rich are getting richer and the poor are becoming poorer. 20 percent of rich people utilizing 80 percent of resources.
  • Effects of Globalization Poorer countries suffering disadvantages : The main export of poorer countries is usually agricultural goods. Larger countries often subsidies their farmers (like the EU Common Agricultural Policy), which lowers the market price for the poor farmer’s crops compared to what it would be under free trade.

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Business and Effects of Globalization. (2018, Sep 01). Retrieved from

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