policies, levels of development and degrees of economic growth have historically fluctuated among countries. There is division between developed and developing countries creating major gaps and economic inequalities between countries. Also, there are inequality within countries, excluding many groups and individuals from the process of economic growth. Alongside increased inequality between and within countries, a concept addressing the importance of inclusiveness has emerged. To decrease…
Globalisation, which is partly synonymous with rising international trade, has fostered the rapid production, consumption of material goods and trade in unprecedented quantities. This has weighted the ecological footprint of human activities around the world. Globalisation accompanied by impacts on the interlinked areas of environment, equality and political stable, and thus there are clear and established connections with the concept of sustainable development (Little and Green, 2009).…
and sustainable economic growth, full and productive employment and decent work for all. Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation. Goal 10. Reduce inequality within and among countries. Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable. Goal 12. Ensure sustainable consumption and production patterns. Goal 13. Take urgent action to combat climate change and its impacts. Goal 14. Conserve…
“Globalization” has brought a cluster of related changes that are increasing the interconnectedness of the world. These changes are occurring in, but not limited to, economic, technological, cultural, and political realms. The effects of globalization can be summarized as increased interdependence, interconnectedness, and cultural diversity. Globalization is changing the ways we experience national identity and cultural belonging. Identity and belonging are now complicated by the increasingly…
Globalization can be defined broadly as the economic, political and cultural integration of people and nations into a larger, interdependent society. As the term implies, the focus is not on individual countries, but on the world in its entirety. Thus, it is a complex process that involves the movement of goods, services, capital and information across international borders, as well as the diffusion of political, cultural and intellectual discourse. Although this process is considered by many as…
Globalization has a wide role to play worldwide. It has left back its footprints at every sphere of life. Not only in India, but the interchange of world views and ideas have resulted in a major transformation of the lifestyle and living standard of people globally. Indian culture is no bar to this transformation process. Our deep rooted traditions and customs have loosened up their hold with the emergence of globalization. India has a rich cultural background and pride of its culture is famous…
Introduction In times of worldwide globalisation, customers receive more and more power on the market as they can choose more and more freely from where they like to buy their product or services. This leads to more balanced markets and a higher economic welfare as producers become price takers instead of price setters and can therefore barely ask exorbitant prices. Sometimes, however, several competing producers join into a cartel, in order to maximise their profits at the expense of the…
translated, globalisation is the process by which people, their cultures, money, goods and information can be transferred between countries with few or no barriers . With the world’s economies merging into each other, a global culture has formed and many people now recognise the importance of globalisation in shaping their current lifestyles. In the past, one country would have been dominated by its own culture and traditional lifestyle, but in the modern era with globalisation causing the…
be done. Once CEMEX had boots on the ground they had a team call PMI (Post-Merger integration). The teams’ purpose was to test the efficiency and introduce CEMEX culture. Once CEMEX had everything in order and running proficiently in all these countries, they had gained competitive advantage in 2000 and had revenue streams all over the globe. CEMEX reduced the risk of trusting on one source of income by going global and reduced costs at the same time. CEMEX had placed manufactures all over the…
Globalization seems to be a catch-all term that refers to any activity that involves more than one country. In fact, to define globalization simply, it can be seen as ‘complex connectivity’ and the expansion of social ties across the planet (Tomlinson 1999). With globalization developed, the conflict of diverse cultures has gradually sparked controversy around the world. Interestingly, A General Motors auto advertisement with "Body by Fisher" became "Corpse by Fisher" in Flemish (Intercultural…