Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Concept of Globalization
The process of integration and convergence of economic,
financial, cultural and political systems across the world.
Financial Globalization
The liberalization of capital movements and deregulations, especially of financial services that led to a spurt in cross-border capital flows.
Cultural Globalization
Convergence of cultures across the world.
Political Globalization
Convergence of political systems and processes around the world.
Movers of Globalization
Economic liberalization Technological breakthrough
Multilateral institutions
International economic integrations Move towards free marketing systems
Nationalism
War and civil disturbances Management myopia
Measuring Globalization
Trade Openness KOF Index of Globalization A.T. Kearney/ Foreign Policy Globalization Index
Criticism of Globalization
Developed versus Developing Countries: Unequal Players in Globalization: Widening Gap between the Rich and the Poor Wipes out Domestic Industry Leads to Unemployment and Mass Lay-offs Brings in Balance of Payments Problems Increased Volatility of Markets Diminishing Power of Nation States Loss of Cultural Identity Shift of Power to Multinationals
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Defender Strategies: where industry globalization influences are low and competitive assets are home-market-customized. Bajaj countered Hondas entry into Indian market Dodger Strategies: by firms with home-market oriented assets but under high competitive pressures; localize or JV Contender Strategies: larger, well resourced emergent firms to upgrade existing technologies and/or transfer competitive assets into foreign markets (Mexicos Cemex) Extender Strategies: use local market expertise and products to move into similar markets abroad. Jollibee