new globalization -prince dudhatra-9724949948

8/7/2019 New Globalization -Prince Dudhatra-9724949948

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Prepared by: prince dudhatra

prince dudhatra-9724949948


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Globalisation

Globalisationcould involveall thesethings!



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WHAT IS GLOBALIZATION?Globalization is an Umbrella and term

defined precisely by IMF is the growing

economic interdependence of countriesworldwide through increasing volume and

variety of cross-border transactions in goods

and services, free international capital flows

and more rapid and widespread diffusion oftechnology.



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GLOBALISATION

FREE MOVEMENT OF

SERVICES

FREE MOVEMENT OF GOODS

FREE

MOVEMENT

OF

TECHNOLOGY

FREE

MOVEMENTOF

CAPITAL



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PHASES OF GLOBALIZATIONThe first era of globalization (1850 1945) was

Pax Britannica under gold standard and

the second phase (post second World War) isPax Americana under Bretton Wood

System



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WTO AGREEMENTS

TRADE IN

GOODSGATT 1994

+

TWELVE

AGREEMENTS

TRADE IN

SERVICES

TRADE IN

INTELLECTUAL

PROPERTY

RIGHTS

AGREEMENT

ESTABLISHING

WTO

Final Act



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Features ofCurrentGlob

alizati

on

New Markets

New Act

ors

New Rules & Norms

New Tools ofCommunication



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New Markets

Services

Financial markets

Antitrust laws

Globalbrands



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New Actors

Multinational Corporations

W.T.O

Criminal court NGOs.

Regionalblocs

Policy coordination



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New Rules & N

orms

Market policies Adoption

Human rights Goals & action Global environment

New Multilatera

l

Investment



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New tools of communication

Internet & electronic

Cellular ph

ones

Fax machines

Cheaper transport

Computer-aided design



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FOREIGN MARKET ENTRY

ST

RAT

EGIES

Exporting

Fu

lly Owned Manu

facturing Faci

lities

Counter trade

Strategic Alliance

Third Country Location



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STRATEGIES (Cont.)

CONTRACT MANUFACTURING

Manu

facturing in

foreign c

ountry

LICENSING/FRANCHISING

Company get inte

llectua

lpr

operty



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. .

Multi-nationalcorporations (MNCs)

Businesses with aheadquartersinone country but

with

business

operationsin anumber of others.

No matter where you go

inthe world, certain

businesses will always

have a presence.prince dudhatra-9724949948


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STRATEGIES (contd.)

MANAGEMENT CONTRACT

Managing the business offoreignowner

ASSEMBLY OPERATIONS

Send parts or components to a foreignplant



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STRATEGIES (contd.)

JOINT VENTURING

Collaboration between foreigncompany and host country company.

MERGERS AND ACQUISITIONS

Mingle with and purchase of a localcompany.



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pictured above is the new 2009 Jaguar XF

world's m

ost expensive cars



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Integration ofEconomies

. Theincreasing

reliance of

economies oneach

other

The opportunitiesto

be ableto buy and

sell in any country

inthe worldStock Markets arenowaccessible from anywhere

inthe

world!prince dudhatra-9724949948


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M

ERITS OF GLOBALIZATION(CONT.)

EMPLOYMENT

OPPURTUNITIES

SPREAD OF

TECHNOLOGY

INCREASE

COMPETITION



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D

EMERIT

S OF GLOBALIZAT

ION EFFECT ON LOCAL INDUSTRY

POLITICAL INTERFERENCE

CREATES UNEMPLOYMENT

SOCIAL, ECONOMIC, CULTURAL,LEGAL, POLITICAL THREATS

INCOMEINEQUALITYprince dudhatra-9724949948


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ESSENTIAL CONDITIONS FOR

GLOBALISATION

Business freedom

Free Trade Zone (FTZ)

Facilities

Government support

Resources (finance, technology, R&D,managerial expert and brand image)

Competitiveness (low cost, quality,

technology, after sales services &marketing)

Orientation



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HOW GOVERNMENT

INFLUENCECOMPETITIVENESS

Competition Between the countries

Challenges Between the countries

According to John A young.

Government Role.



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ROLEOFMNE INGLOBALIZATION



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B

ENEFITS TO HOME COUNTRY

Wider market.

Employment generation.

Higher levelof industrial activity.

Benefit offoreign culture.



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B

ENEFITS TO HOST COUNTRY

Investment.

Boost to domestic industry.

Advanced technology. Professional management.

R & D.

Increase competition.



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RISK TO HOM

ECOUNTRY

Loss of employments.

Retarded development.

Detoriation of countrys culture



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RISK TO HOST COUNTRY

Inappropriate technology

Kill domestic industry

Retard employment

Deplete local resources

Undermine culture



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IMPACT OF TECHNOLOGY



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OPPORTUNITY OR BURDEN

Introduction.

Dependence on technology.

Bringing the w

orld c

loser.

Effects.

Improving economy.

Increased quality life.

Emergence of industries.

Unpredictability.



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TERRORISM:ROLE OF TECHNOLOGY

Negative response to globalisation.

Information Technology is the heart

ofModern terrorism. Ability to exploit technology.

Internet.

Ce

llph

ones, e-mai

l, sate

llitecommunication.



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THE JOURNEY NEVER ENDS

THANK YOU

prince dudhatraprince dudhatra--97249499489724949948

new globalization -prince dudhatra-9724949948

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