Essays on The Relevance of Globalization in International Business Coursework

Download full paperFile format: .doc, available for editing

The paper "The Relevance of Globalization in International Business " is an outstanding example of management coursework.   Globalization is without any doubt the motto for the new millennium and has raised considerable debate in the economic spheres since the beginning of the nineties. The controversy around the topic basically questions whether the unregulated market forces will become an agent for more divergence or convergence of income internationally. Those in favor of globalization argue that it has led to increased understanding of other communities, improved living standards, has increased the purchasing potential of the common man and most of all has enabled the supremacy of democracy over communism.

Those from the opposing school of thought argue that all the gains that come from globalization are at the expense of lesser developed countries. They say that it is almost the same as imperialism with its prime action being the relocation of factories to underdeveloped countries with cheaper labor and most vulnerable environmental laws. They further argue that even in the developed nations, globalization has not brought benefits to all, but only to a selected few of the society (Chortareas et al, 2004).

Also, the so-called freedom which has come as a byproduct of globalization has led to more insecure work environments as the workers remain under a constant threat that their owners might shift the entire production to another country with cheaper labor. Nonetheless, mainstream economists still advocate that globalization has the potential to alleviate poverty, safeguard the environment, bring together different cultures and most of all lessen the income gap between the poor and rich nations of the world. The globalization of economic activity in the international business scenario is different.

It is a rather advanced version of internationalization, which also implies a certain level of functional incorporation amongst detached economic actions. This means that the global economy has the potential to function as an entity in the real-world on a huge scale. Sudden shifts, authentic and drastic revolutions are the forces that are changing the nature and environment of businesses in the current age of globalization.

References

Beardwell, I. (2004) Contemporary Industrial Relations: A Critical Analysis. Oxford University Press, Oxford, pp 44.

Beck, U. (2001) What is Globalization?, Cambridge: Polity Press.

Chortareas, Georgios E., and Theodore Pelagidis (2004). "Trade Flows: A Facet of Regionalism or Globalisation?" Cambridge Journal of Economics 28, no. 2 (March 2004): 353–271.

Clott, Christopher B. (2004) "Perspectives on Global Outsourcing and the Changing Nature of Work." Business and Society Review 109, no. 2 (2004): 153–170.

Coram, R and Burnes, B (2006), Managing Organizational Change in the Public Sector, International Journal of Public Sector Management 14:2, pp 94-110

Development and Globalization: Facts and Figures 2008, United Nations Conference on Trade And Development, facts and figures 2008.

Farrell, Diana (2004): Beyond Off shoring: Assess Your Company’s global potential,

Giddens, A. (2000) The Consequences of Modernity. Stanford: Stanford University Press.

Gilpin, Robert (2000) The Challenge of Global Capitalism. Princeton University Press, 2000.

Goyal K A. & P.K.Khicha, (2007) “Globalization of Business: Future Challenges”, Third concept, An International Journal of Ideas.

Guest, D. and Hoque, K. (1996) “Human Resource Management and the New Industrial Relations” in Beardsell, I. (Eds) Contemporary Industrial Relations: A Critical Analysis. Oxford University Press, Oxford, pp 100-6, 121-23.

Harvard Business Review, December-2004

Held, D., McGrew, A., Goldblatt, D. and Perraton, J. (2006) Global Transformations - politics, economics and culture, Cambridge: Polity Press.

Hutton, W. and Giddens, A. (eds.) (2001) On The Edge. Living with global capitalism, London: Vintage. 241

Landes, D. (2003) The Wealth and Poverty of Nations. Why some are so rich and some are so poor, London: Abacus.

Micklethwait, John, and Wooldridge, Adrian (2000). A Future Perfect: The Challenge and Hidden Promise of Globalization. Times Books, 2000.

Ojha. A.K. (2002) , Globalization & Liberalization – prospects of new world order, Third concept- An International Journal of Ideas, August-2002.

Pavitt, Keith and Parimal Patel (2005). “Global corporations and national systems of innovation: who dominates whom?”, in Daniele Archibugi,Jeremy Howells and Jonathan Michie, eds., Innovation Policy in a GlobalEconomy (Cambridge: Cambridge University Press), pp. 94-119.

Scholte, J. A. (2000) Globalization. A critical introduction, London: Palgrave. 361

Simon, David (2003) "Dilemmas of Development and the Environment in a Globalizing World: Theory, Policy and Praxis." Progress in Development Studies 3, no. 1 (2003): 5–41.

Stickland, F. (2005) The Dynamics of Change: Insights into Organizational Transition from the Natural World, London: Routledge, p22

Stiglitz, J. (2002) Globalization and its Discontents, London: Allen Lane. 282

Download full paperFile format: .doc, available for editing
Contact Us