I have chosen to focus my work on the subject of Globalization in order to understand this notion better and increase my knowledge in this domain. It is very important for me to understand it well because I want work in the field of marketing and event management. According to the university of Auckland business school Marketing is defined as the area of management responsible for researching and satisfying customer needs, through market planning, product and service development, pricing, advertising, promotion and distribution. Marketing also focuses on developing and managing ongoing relationships with customers, competitors, partners, suppliers and other stakeholders." This definition shows that having some notions about this phenomenon is fundamental. Knowing things about globalization definitely include in consequence having an idea and considering this aspect that has changed the world. Since the emergence of the notion of globalization, the world has gone through a series of modifications.
[...] Now there is no dub that we have an international commerce based on International Trade, which means for each country importation of goods and services from other countries and some countries witch are used to producing to foreigners as exports. As financial openness has increased across the world, global flows of foreign investment have more than doubled. The World Bank's World Development Indicators in 2003 has indicated the share of international trade in output (exports plus imports of goods). We can notice that international trades for rich or developed countries have augmented from 32.3 to between 1990 and 2001 whereas for developing countries it rose from 33.8 to 48.9 percent in the same period. [...]
[...] This is where the great banks have their headquarters and where ambitious companies go to seek financing or go public. “World Government is coming . " (Norman Cousins, Human Events). This new idea introduces my third advantage of globalization. In order to make the world global, countries needed to find how acting together in the same way. They had to help each other, act together and especially not against. For this reason and as a result they decided to create international government” with international laws, international controlling systems It doesn't exclude each government and particularities and it is organized by the most important governments in the world. [...]
[...] If developed countries, had forgotten all of their protectionist measures, everyone would benefit from the resulting increase in international trade. If some government regulations can be eliminated, and investors can act freely, the result will be an increase in production To conclude with this part, it appears now clearly that globalization also has disadvantages. We notably have seen that that globalisation has failed to save the world of poverty, increased nature destruction IV- Personal point of view, Is Globalization Good or Bad? In this part, I am now going to summarize my point of view about this subject. [...]
[...] We can't really know exactly the rules and regulations controlling capital account transactions in each country, but the most that can be said is often only if a particular control is used or not. And every year we can see some information about Exchange Rate in the IMF's Annual Reports on Exchange Rate. Nevertheless, the power of corporations and the global financial markets affect the sovereignty of countries limiting governments' ability to determine tax and exchange rate policies as well as their ability to impose regulations on companies. [...]
[...] Globalization “Globalization is the worldwide process of homogenizing prices, products, wages, rates of interest and profits”. Wikipedia Globalization is a quite recent phenomenon. It can be described as a financial network for the global economy. It refers to the process by which people of the world are unified into a unique society to live together. Globalization is often used in reference to economic globalization, to integrate national economies into the international economy. For some people it contains also a political aspect whereas for some one, globalization is also a way to change the world to solve key problems. [...]
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