Knowledge in Globalization And Society
Social Boycott Prevention Act - Challenges Ahead
Well Prepared Notes for all types of competitive exams and general studies.
Alfahad Farooqi
Investigation
The executive summary helps high-level stakeholders get an overall picture of the allegations, investigation and outcome. The executive summary should be a concise overview of the investigation from beginning to end. It should not contain any information that is not already in the investigation report.
Tharshini Ravikumar
Globalization
Globalisation is a process by which economies and cultures have been drawn deeper together and have become more inter-connected through global networks of trade, capital flows, and the rapid spread of technology and global media. The share of global GDP accounted for by exports of goods and services has risen from 12% in 1960 to almost 30% now.Characteristics of globalisationGreater trade in goods and services both between nations and within regionsAn increase in transfers of capitalincluding the expansion of foreign direct investment (FDI) by trans-national companies (TNCs) and the rising influence of sovereign wealth fundsThe development of global brands that serve markets in higher and lower income countriesSpatial division of labour– for example out-sourcing and off shoring of production and support services as production supply-chains has become more international. As an example, the iPhone is part of a complicated global supply chain. The product was conceived and designed in Silicon Valley; the software was enhanced by software engineers working in India. Most iPhones are assembled / manufactured in China and Taiwan by TNCs such as FoxConnHigh levels of labour migration within and between countriesNew nations joining the world trading system. China and India joined the WTO in 1991, Russia joined the WTO in 2012A fast changing shift in the balance of economic and financial power from developed to emerging economies and markets – i.e. a change in the centre of gravity in the world economyIncreasing spending on investment, innovation and infrastructure across large parts of the worldGlobalisation is a process of making the world economy more inter-dependentMany of the industrializing countries are winning a rising share of world trade and their economies are growing faster than in richer developed nations especially after the global financial crisis (GFC)Among the main drivers of globalisation are the following:Containerisation – the costs of ocean shipping have come down, due to containerization, bulk shipping, and other efficiencies. The lower cost of shipping products around the global economy helps to bring prices in the country of manufacture closer to prices in the export market, and makes markets more contestable in an international sense.Technological change – reducing the cost of transmitting and communicating information – sometimes known as “the death of distance" – a key factor behind trade in knowledge products using web technologyEconomies of scale: Many economists believe that there has been an increase in the minimum efficient scale (MES) associated with particular industries. If the MES is rising, a domestic market may be regarded as too small to satisfy the selling needs of these industries.Opening up of global financial markets:This has included the removal of capital controls in many countries facilitating foreign direct investment.Differences in tax systems: The desire of corporations to benefit from lower unit labour costs and other favourable factor endowments abroad and develop and exploit fresh comparative advantages in production has encouraged countries to adjust their tax systems to attract foreign direct investment (FDI)Less protectionism - old forms of non-tariff protection such as import licencing and foreign exchange controls have gradually been dismantled. Borders have opened and average tariff levels have fallen – that said in the last few years there has been a rise in protectionism as countries have struggled to achieve growth after the global financial crisis.Globalization no longer necessarily requires a business to own or have a physical presence in terms of either owning production plants or land in other countries, or even exports and imports. Many businesses use licensing and franchising to help expand their overseas
Valli Nachiappan
International management: Globalization, VUCA, Diversity & Ethics
In this file you will learn and get notes of the following:- 》Globalization meaning and Features 》Importance of Globalization 》Essential conditions for Globalization 》Factors favoring Globalization 》Cross Cultural Management 》VUCA 》Diversity 》Business Ethics 》Scope of Business Ethics and many more such topics
Ayush Srivastava
The impact of the COVID-19 pandemic on global health, economies, and society
The impact of the COVID-19 pandemic on global health, economies, and society The COVID-19 pandemic has had a profound impact on societies around the world. From a health perspective, the pandemic has caused millions of deaths and has overwhelmed healthcare systems in many countries. Economically, the pandemic has caused widespread job losses and economic instability, with many businesses forced to close their doors permanently.
Pratyush Singh
Globalization's Effects: Summary.
notes topics covered Globalization's Effects: Summary. The impact of globalization on local economies and cultures Impact of Globalization on Local Cultures Positive Impact of Globalization on Local Economies: conclusion
Abhineet Kumar