Globalization refers to the growing economic dependence among countries as reflected in increasing cross-border flows of goods, services, capital and knowledge. At an organizational level, globalization can refer historically to the extent to which a company has expanded its operations so that it engages in cross-border flows of capital, goods and knowledge across subsidiaries. It can also be used to describe a corporate strategy, designed to reap the benefits of becoming a global company. Globalization at all levels is, therefore, very much an outcome of corporate decision makers who perceive globalization as an attractive and feasible proposition.
As such, the process need not be an inexorable one. Economic uncertainties may drive national governments and corporations towards the protectionism of defending a home market and away from the free-market ideology that has been synonymous with globalization. A number of economic downturns have led to unresolved debates What can be done to prevent damage to global capitalism from itself. It is feared that nothing of blindness worldwide capitalism, but the bottom line and the apparent indifference, suffered inequalities in the poorest countries that the system is not sustainable, which turn into places of danger of life in the developed world .
The reality of globalization, continue to be a critical success factor for most companies and most developing countries. Theprogress made with information technology and communications and in particular the internet during the past decade has made this inevitable in much the same way as with the industrial revolution during the last century. Indeed a global economy and global business remain very much a critical component of our existence now. All of the best known branded names, drinks, fast foods, sports equipment, automobiles, petroleum, computers, pharmaceuticals, electronics and other consumer products can be found in the majority of the world's countries.
Popular statistics can also reveal the dominance of multinational companies: over 50 percent of the world's top 100 economies are not countries but companies. The largest 500 companies control over 50 percent of the world's wealth and conduct over half of its trade. The ten biggest companies together turn over more money than the world's smallest 100 countries and the world's second largest multinational, Shell, owns or leases 400 million Acres, is larger than 146 countries. Therefore, to talk about the differences between Britain, the United States and Europe, the economies of the country may be useless in these days as something. What we talk about the differences between the economies of a global society. The recent economic crisis has all but confirmed this.
Sense the driving force of globalization us. We can also see that the economic liberalization of global developmentcountries and the technological advances in telecommunications and transportation has made globalization an enticing prospect for those corporations seeking to grow and survive. In the face of increasing international competition, multinational company chiefs have identified the opportunities afforded by the globalization process as the means by which to meet the challenges. In turn their business decisions help to sustain the process. These international opportunities include capturing new Markets and realization of economies of scale, creating large networks for the transmission of new ideas and understanding throughout the organization, and the optimum allocation and reallocation of resources. All these have an agenda for international human rights organization in September resourcing strategy. Respect for human resources activities and initiatives are needed for these resources contribute most to growth and profit growth to be mobilized, which eventuallylong-term sustainability of business and survival.
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