GLOBAL BUSINESS ENVIRONMENT
Table of contents
1. Question 1 Page 3
1.1 Introduction Page 3
1.2 Current State Page 3
1.3 Global Village Page 5
2. Question 2 Page 6
Conclusion Page 7
Sources consulted Page 8
QUESTION 1: Information technologies on which Professor Levitt based his scenario developed at a much faster rate than what he imagined at that time. What is the current state of globalization and do you think Professor Levitt’s scenario will continue until we live in a “global village”?
As technology and communication capabilities increase, it may be safe to ...view middle of the document...
Children are working in factories and fields, or raising their younger siblings because they have lost their parents to HIV/AIDS, rather than being in school getting the education that every one of the world's children deserves. This is only a small example of how globalization has caused social ills in the developing world.
Globalization, above all other functions, has created more wealth in the world that has ever been present. Unfortunately, the distribution of this wealth has been grossly unfair and has favored only those who are at the top of the economic and political world. Globalization has also created a platform for the destruction of culture. Although globalization has done some beneficial things in society such as creating a much easier stream of information throughout the world and a global connectedness, some of this collaboration is for the worse.
Positive Aspects of Globalization
• As more money is poured in to developing countries, there is a greater chance for the people in those countries to economically succeed and increase their standard of living.
• Global competition encourages creativity and innovation and keeps prices for commodities/services in check.
• Developing countries are able to reap the benefits of current technology without undergoing many of the growing pains associated with development of these technologies.
• Governments are able to better work together towards common goals now that there is an advantage in cooperation, an improved ability to interact and coordinate, and a global awareness of issues.
• There is greater access to foreign culture in the form of movies, music, food, clothing, and more. In short, the world has more choices.
Negative Aspects of Globalization
• Outsourcing, while it provides jobs to a population in one country, takes away those jobs from another country, leaving many without opportunities.
• Although different cultures from around the world are able to interact, they begin to meld, and the contours and individuality of each begin to fade.
• There may be a greater chance of disease spreading worldwide, as well as invasive species that could prove devastating in non-native ecosystems.
• There is little international regulation, an unfortunate fact that could have dire consequences for the safety of people and the environment.
• Large Western-driven organizations such as the International Monetary Fund and the World Bank make it easy for a developing country to obtain a loan. However, a Western-focus is then often applied to a non-Western situation, resulting in failed progress
1.3 Do you think globalization will continue until we live in a “global village”?
A recent study released by DHL contains surprising and very interesting results regarding globalization. This detailed country-by-country analysis of the flows that connect the world indicates that globalization is still not as advanced as most...