globalization pralay
TRANSCRIPT
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Prepared & Presented By:
PRALAY KUMAR DAS
MBA BATCH-3
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Globalization is the system of interaction among the
countries of the world in order to develop the global
economy.
It refers to the integration of economics and societies all over
the world.
It involves technological, economic, political, and cultural
exchanges made possible largely by advances in
communication, transportation, and infrastructure.
DEFINITAION OF
GLOBALIZATION
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Globalization was a compulsion for most of the economically
under developed and developing countries posed by the
developed countries, to certain extent this is true.
But over the period of time developing countries has taken
the advantage of globalization to expand their markets andposing challenges to developed countries. This is also true for
certain extent. The best examples are India, and china.
Coming to the Indian context, globalization was initiated bythe Govt. of India only for the economic development, and
India is one of the most benefited countries by globalization
in 21st century by using its vast natural and human
resources.
GLOBALIZATION IN INDIA
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Market size
1+ billion population is the major factor which led the globalization in
India
Human resourcesHigh levels of education, excellent English speaking skills, large no of
universities which produce lacks of Engineers every year and at the same
time availability of labor resource at low cost contributed for the
globalization
Supporting Governments
1991 Economic reforms
Opens the door for FDIs & FIIs
THE MAJOR FACTORS WHICH
LED THE GLOBALIZATION IN
INDIA
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A global economy opens new markets for both buying and selling; as such, the way
companies do business, and the way consumers interact with companies, must
change. These changes are the internal and external factors of globalization. Internal
factors of globalization include how the firm changes its practices to compete on a
worldwide scale. Production, development, customer service and marketing strategies
are all internal factors of globalization, according to the Intelligent Business PlanSoftware website. External factors include new market environments to which the
company must become accustomed, particularly the nuances of the people and laws
to which the company will be exposed.
Company Branding
Employee Capabilities
Consumer Analysis
Market Analysis
GLOBALIZATION FACTORS
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Global mass media ties the world together Increased flow of communications allows vital information to
be shared between individuals and corporations around the
world
Greater ease and speed of transportation for goods andpeople
Reduction of cultural barriers increases the global village
effect
Spread of democratic ideals to developed nations Greater interdependence of nation-states
Reduction of likelihood of war between developed nations
Increases in environmental protection in developed nations.
ADVANTAGES OF
GLOBALIZATION
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Spread of a materialistic lifestyle and attitude that seesconsumption as the path to prosperity
International bodies like the World Trade Organization
infringe on national and individual sovereignty
Increase in the chances of civil war within developingcountries and open war between developing countries as they
vie for resources
Decreases in environmental integrity as polluting
corporations take advantage of weak regulatory rules indeveloping countries
Increased flow of skilled and non-skilled jobs from developed
to developing nations as corporations seek out the cheapest
labor
DISADVANTAGES
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Threat that control of world media by a handful of
corporations will limit cultural expression
Greater chance of reactions for globalization being violent in
an attempt to preserve cultural heritage
Greater risk of diseases being transported unintentionally
between nations
Increased likelihood of economic disruptions in one nation
effecting all nations
Corporate influence of nation-states far exceeds that of civil
society organizations and average individuals
contd..
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Globalization does have problems and negative effects, but it is
not going to
disappear. So
We need to learn how to reap its benefits, and minimize its
costs. To do
that, we must:
Understand its impacts
Work to remedy the problems
Work to spread the benefits as widely as possible
CONCLUSION
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