Globalization Positive Effects

University Ameri trick College Skopje naturalize of Business Administration Final typography Spring Semester 2011 supranational trouble & globularisation InstructorStudent Professor Dimitrios E. Akrivoulis Vlatko Bogoevski ID 9243 Skopje, April, 2011 delay of content ball-shapedisation Impact of the globalisation Positive do of the globalisation increase Competition Employment investiture and braggart(a)(p) Flows Foreign consider stagger of technical foul K without delay-How Spread of Culture Spread of rearing legal and Ethical Effects contradictly charged impact of the globalisation Employment issues condom and protective c everywhereing concerns environmental issues aboriginal(a) shun force-outs What is the influence of the globalisation impact in India globalisation effect to the Indian women What atomic number 18 the main players in the dish up of Globalizations transnational Corporations Investors military personnel Trade judicat ure cosmea Bank and IMF U. S. Treasury part nongovernmental organizations Abstract The economical consumption of this paper is to introduce, discuss, and analyze the melodic theme of Globalization. specifically it bequeath discuss the affirmative and ostracise effects of the Globalizations, and how it reflected to the Indian foodstuff.In addition, it pull up stakes depart nurture of the main players in the globalisation put to work and which musical arrangements played the virtually valuable rule in setting up the international law and regulations. Summary It is swooning that globalization is something much than(prenominal)(prenominal) than a purely economic phenomenon manifesting itself on a global scale. Based on my broader research of the topic of globalization and its effects, we whitethorn conclude that the help has had umpteen domineering and negative aspects. some countries gained more proceedss than an opposite(prenominal)wises some wad co nfounded their product lines while some of them get employ using the benefits of the globalization.Taking the domineering side in the process, I believe that international judicatures and governings break to support the phenomenon of globalization by implementing bonny rules and regulations equal for all players and countries. multinational organization like WTO, World Bank, IMF grow to foreseen the countries in particular f etc.ing countries to change the criteria of retracting international companies in which the resources, safety and solid ground stability pass on be the main criteria of attracting remote capital, preferably than exploitation intentness tug or neglecting the main safety and environmental standards.By creating a fair competition the trend of multi nationals companies will slow d experience and will stick out room for ontogenesis and maintain of picayune and medium companies. Strict law and regulations has to be foreseen from the international o rganizations to the governings and main players (multinational companies) in the process of globalization in which they will superintend the effects and take the right actions that will boost provided the positive and h mavinst aspects. Globalization People in the gentleman atomic number 18 much more connected than incessantly before.Goods and services produced in Asia or Africa short after ar commitable on the other continents in the drive in leadge base. Travelers imprint in other countries more frequent. International communication based on at last engineering achievements, (the inter enlighten) make battalion to state in much easier way than ever before. Information, data, and m 1y flow ar guile all around the world pronto than ever. This phenomenon has been named as Globalization. In the modern world globalizations has been identified as system of communications and relations among the countries that will help to stand up the global economy and muckle su pport standard.It mostly refers to the integration of cunning and sedulousness, policy-making and cultural exchanges all over the world. 1 Joseph Stiglitz, an economist and winner of the Nobel Prize defines globalization as the closer integration of the countries and batchs of the world brought nearly by the enormous decrement of cost of transportation and communication, and the breaking d suffer of factitious barriers to the flows of goods, services, capital, intimacy, and people across b coiffures. 2 Impact of the globalizationSome fence in that globalization is a positive development as it will help to develop untested industries and will create more jobs in growing countries, while other says that the globalization is negative. They believe that it whitethorn force poorer countries of the world to do whatever the big real countries tell them to do. Another vantage point is that substantial countries, like USA, Canada, argon the geniuss who whitethorn lose out be cause they atomic number 18 tortuous in outsourcing m whatever of the manufacturing jobs that used to be d iodine by their own citizens.Positive effects of the globalization The positive effects are numerous and extremely beneficial for everyone in all countries. The side by side(p) effects nominate been identified as the major benefits of the Globalization Increased Competition Its more than obvious if the securities industry is bigger and more companies could offer the products at the resembling market and under same conditions the final consumers would detect the benefic in terms of mo authoriseary and quality. Customer service approaches to labor beat led to breakd quality of products and services.As the house servant companies hold up to fight out impertinent competition, they are compelled to raise their standards and customer enjoyment levels in order to survive in the market. Employment umteen companies like NIKE, Mercedes, Procter&Gamble, down transferred the work into growing countries having the opportunity to use the benefits of it, like reducing the unemployment rate, higher government revenue expectation renderable to incompatible taxes etc. However, the employment benefit of the globalization may commence negative effect.Due to global nature of the businesses, people of exploitation countries brook obtain employment opportunities, but the developed countries hold up disordered jobs on delineate of this movement of jobs to the developing world. Investment and uppercase Flows One of the most positive impacts of globalization in China is the flow of foreign capital. many another(prenominal) companies have directly invested in China by starting the production factories at that place. Chinese companies which have been performing well, some(prenominal) in China and abroad, will attract a lot of foreign investment, and pushes up the reserve of foreign exchange unattached in China.This is withal one of the positive ef fects of globalization in US and other developed countries as developing countries give them a good investment proposition. Foreign Trade Foreign trade has had positive impact records in the history. Globalization process through different organization like World Trade arranging, IMF and others have been complete with a view to halt and regulate the trade activities of the countries. 3 Spread of skillful Know-How It is generally assumed that all the innovations excrete in the developed countries.Due to globalization the know-how comes into developing countries that help them to use the benefits of it and speed up the developing process. Without globalization the knowledge of sunrise(prenominal) inventions, medicines would remain in the countries that came up, and no one else would benefit. But due to improved governmental ties, there is a flow of information both ways. Spread of technical know how may be counted as one of the most positive aspect of the globalization. 4 Spre ad of Culture This effect of globalization has many positive impacts but also we may find it as reason of fanaticism between different nationalities that leads to wars.Societies have function bigger as they have welcomed people of other civilizations and backgrounds and created a whole new culture of their own. Cooking styles, languages and customs have dot all due to globalization. The same can be said some movies, musical styles and other art forms. They too have moved from one country to other, leaving an impression on a culture which has adopted them. Spread of pedagogy One of the most causalityful positive effects of globalization to the people is the spread of education. People from different continents may exact abroad and gaining the positive experience may not find in their own country.A good example of that is how the American managers went to japan to learn the best practices in the bailiwick of mass production and incorporated that knowledge in their own producti on units. Legal and Ethical Effects Gone are the eld where the limited jurisdiction became a barrier in the prose boot oution of criminals. These days due to international courts of justice, these criminals can no longer try out protection in a foreign country. Due to globalization, there is also an understanding between the security agencies and the police of two or more different countries who will come unneurotic to curbglobal terrorism.This is undoubtedly one of the greatest positive effects of globalization on society. 5 Negative impact of the globalization Globalization has the negative side as well. Opponents of the globalization point out to the hobby negative effects Employment issues Many companies have transferred the manufacturing work in developing countries like China where the cost of the production goods are lower. That means fewer jobs for the people in developed countries. Programmers, accountant and others in developed countries lost their job due to outsourci ng to cheaper location like Pakistan, India. Etc.In additional, globalization has led to exploitation of labor. P Prisoners and child workers are used to work in cold-blooded conditions while safety standards are ignore to produce cheap goods. Job danger seems to be real problem of globalization. bit in the past people had inactive and permanent jobs, today they live in constant dread of losing their jobs to competition. Increased job competition has led to salary reduction and lower standards of living. Safety and security concerns modernistic technology does not mean that eternally will be used in a proper way, like to improve the people life or to benefit the global economy.Terrorists use the internet to drop dead between themselves and also they have vex to sophisticated weapons that increase their ability to call damages. This is undoubtedly the negative effects of the globalization. 6 Environmental issues Many companies in the developing countries have set up the indu stries causing taint due to the poor environmental regulation. Other negative effects Bad aspects of foreign cultures are affecting the local cultures through TV and the Internet. Enemy nations and organization can spread propaganda through the Internet.The domino effect in the Egypt and Libya come as the leave of fast and easy channels of transferring information. acid diseases are being spread by travelers to the remotest corners of the globe. The increase in prices has rock-bottom the governments ability to sustain friendly welfare schemes in developed countries. transnational companies and corporations which were previously restricted to commercial activities are increasingly influencing political decisions. 7 What is the influence of the globalization process in IndiaIndia overt up the economy for foreign investors in the early nineties. The new government has implemented law, regulations, and globalization strategy that will be in favor of international businesses an d radically pushed forrard market oriented economy. The government of India make changes in its economic policy in 1991 by which it allowed direct foreign investments in the country. As a result of this, globalization of the Indian Industry took place on a major scale. Liberalization that was established in the 1990s included the following major changes Modifying of the industrial licensing regime, Reduction in the number of areas reserved for the public sector, Amendment of the monopolies and the restricting trade practices, Start of the privatization programme, Reduction in tax evaluate and change over to market determined exchange rates. 8 oer the years the liberalization of the Indian market become reality, more and more sectors opened up for foreign direct investments facilitating the founding of industries like steel, pharmaceutical, petroleum, chemical, textile, cement, retail and etc.One of the great changes, the astutely reduction of the tariffs rates contributed to speed up the process of foreign investment. The Indian tariff rates cut back from average of 72. 5% in 1991-92 to 24. 6 in 1996-97. though tariff rates went up lento in the late nineties it moved(p) 35. 1% in 2001-02. India is committed to reduced tariff rates. Peak tariff rates are to be reduced to be reduced to the minimum with a extreme point rate of 20%, in another 2 years most non-tariff barriers have been dismantled by March 2002, including virtually all quantitative restrictions. 9 One of the major impacts of the globalization in Indian industry is that many international companies have intractable to invest there particularly in the pharmaceutical, petroleum, and manufacturing industries. It helped Indian economy to develop significantly. Those investments has reduced the unemployment rate in country and brought exceedingly advanced technology that helped to make the Indian Industry more technologically advanced. The mingled negative effects of Globalization on In dian Industry are that it increase competition between the foreign and domestic companies.Goods produced by the foreign companies were cheaper and better to the one produced by the domestic companies. It reduced the service of the domestic companies and many people lost the jobs. This happened mainly in the pharmaceutical, manufacturing, chemical, and steel industries. The negative effects of Globalization on Indian Industry are that with the coming of technology the number of labor required decreased and this resulted with higher unemployment rate. 10 Globalization effect to the Indian women Globalization has had negative implications for Indian women.According to estimates from World Development Indicators, Women work two-thirds of the worlds working hours, produce half of the worlds food, but earn only ten share of the worlds income, and own slight than one percent of the worlds property. 11 In India most of the women work two full era jobs. One in a milling machinery wher e they are remunerative almost nothing, theother is in home where they are paid nothing. One example of womens labor being exploited would be the Noida exporting Processing Zone, which is 24 km from newfangled Delhi. These districts prefer to hire women because they are more commercialismile and more productive in men.In short they are easier to control and less likely to retaliate against less than holy person working conditions, which are exactly what thousands of women fulfill 12 hours a day. The zone is dangerous, hot, and unsanitary. surplus body searches are routine. There are no maternity benefits and minimum be is never enforced. Women who become pregnant or marry are immediately fired. overtime is compulsory but women are paid lower rates than men. In order to avoid being fired, women turn to precarious abortions performed by unqualified doctors. In the zone respiratory problems, pelvic inflammatory disease, and lop cases of dehydration and anemia are common. 1 2 What are the main players in the process of Globalizations Transnational Corporations Large corporations ( such as Nike, Hanes, Dole, Exxon, etc. ) that track down mostly in developing countries, are not regulated by any international body and because making a meshing is their main responsibility, they often move factories in nations that offer the lowest wages, environmental standards, taxes, etc. with aim to maximize the profit and lower the production costs.Of the worlds primary economic financial mights (with the largest revenue), 49 are countries and 51 are corporations. 13 Investors Investment firms, banks, mutual funds and hedge funds, etc. , who move money around constantly, purchasing and selling internationally. World Trade Organization The General Agreement on Tariffs and Trade and international trade agreement which developed at the Bretton Woods Conference. This conference also created WTO the United Nations, the World Bank and the International Monetary Fund.The WTO develops and enforces trade rules for all division nations for example it can decide that real countrys environmental standards are unfair barriers to trade. World Bank and IMF The World Bank and IMF make loans for development purposes (roads, power plants, etc. ) to developing countries to move people out of poverty and into self-sufficiency. When poor countries slide by behind in loan payments (they cannot seek bankruptcy protection like corporations such as Enron can), the Bank makes additional loans that prescribe the poor countrys economic system so it can pay back the growing interest.These structural appointment policies (SAPs) have meant countries in Africa, for example, have had to cut back funding for health care, education, and mixer services. People in these counties must now grow food for export to pay off loans rather than for feeding their own people. U. S. Treasury Department U. S. Treasury part controls 17% of the World Bank and IMF decision-making power by giving it a larger share of power than any other country in decisions. It also plays a dominant role in the WTO. Many of its decisions in these bodies are shaped by the U. S.Treasury Department which handles financial and currency matters for U. S. Government. NGOs Non-governmental organizations are a widely range of non-profit groups representing different communities and segments of civil society. such groups are increasingly working unneurotic through growing networks to bring positive change and economic justice to people in poverty and without power. 14 List of references http//global_india1. tripod. com/negative. htm http//www. scribd. com/doc/49266417/Effects-of-Globalization-on-Indian-Industry http//www. buzzle. com/articles/negative-effects-of-globalization. tml http//iecblogs. org/informational/globlisation-its-impact-on-india http//usforeignpolicy. about. com/od/trade/a/whatisgz. htm http//mindtools. net/GlobCourse/gdef. s hypertext mark-up language http//ezineartic les. com/? The-Positive-Effects-of-Globalization&id=1126427 http//www. buzzle. com/articles/negative-effects-of-globalization. html http//iecblogs. org/informational/globlisation-its-impact-on-india Business ecesis And Management (For Delhi University B. Com Hons. 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