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Sebastian Turner

Globalization | Advantages and Disadvantages of Globalization | G8 countries - 0 views

  • Globalization Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac there and you can watch an American film in Rome. Today goods are made and sold all over the world, thanks to globalization. Globalization lets countries move closer to each other. People, companies and organizations in different countries can live and work together. We can exchange goods , money and ideas faster and cheaper than ever before. Modern communication and technology, like the Internet, cell phones or satellite TV help us in our daily lives. Globalization is growing quickly. A German company can produce cars in Argentina and then sell them in the United States. A businessman in Great Britain can buy a part of a company in Indonesia on one day and sell parts of another business in China the next, thanks to globalization. Fast food companies open shops around the world almost every day.
  • Coca Cola - A symbol of globalization
  • History of Globalization Globalization is not new. For thousands of years people have been trading goods and travelling across great distances. During the Middle Ages, merchants travelled along the Silk Road , which connected Europe and China. The modern age of globalization started with the Industrial Revolution at the end of the 18th century. New machines were able to produce cheaper goods. Trains and steam-powered boats transported products farther and faster. Since 1980, globalization has been moving at a faster pace. Today it is easier for companies to work in other countries. The Internet gives them the chance of reaching more customers around the world. Teleworkers work for firms that may be far away.
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  • However , there is a growing debate over globalization. Governments are in favour of globalization because the economy can grow. Other people are not so sure that there are only advantages. Here are some arguments from both sides:
  • Many experts say that we need a different kind of globalization in our world today. There must be ways to make sure that all countries profit from the good sides of globalization. We should help poorer countries by giving them better education and showing them how new technology works. Every year, leaders of the world’s biggest industrial countries get together to discuss economic problems. This meeting is called the G8 summit. In the last few years groups against globalization have organized protest marches and demonstrations to point out that not everyone is happy with how the world’s economy is developing.
  • advantage = the good side of something age = period of history argument =reasons business = company cause =lead to cell phone = a mobile telephone close down = to stop producing goods connect = to link together create = make customer = a person who buys something debate = discussion develop =grow developed countries = rich , industrialized countries disease = illness distance =space economic =about the economy
  • economy =the system of producing goods and products in a country and selling them educated = if you have gone to school and learned a lot environmental = everything that is about the air, water or land around us especially =above all, more than others exchange = to give someone something and get something else in return factory = building in which you produce goods farther =here: over greater distances firm = company focus on = concentrate on G8 = Group of 8 = the most important industrialized countries in the world goods = things that you produce and sell government =the people who rule a country however =but in favour of = for something investor = a person who gives money to a company and expects to get more money in return
Sebastian Turner

A Quick Guide to the World History of Globalization - 0 views

  • A Very Long-Term View The many meanings of the word "globalization" have accumulated very rapidly, and recently, and the verb, "globalize" is first attested by the Merriam Webster Dictionary in 1944. In considering the history of globalization, some authors focus on events since 1492, but most scholars and theorists concentrate on the much more recent past. But long before 1492, people began to link together disparate locations on the globe into extensive systems of communication, migration, and interconnections. This formation of systems of interaction between the global and the local has been a central driving force in world history. [for very, very long-term world system history, see Andre Gunder Frank and especially "the five thousand year world system: an interdisciplinary introduction," by Andre Gunder Frank and Barry K. Gills.]
  •  Q: what is global? A: the expansive interconnectivity of localities -- spanning local sites of everyday social, economic, cultural, and political life -- a phenonmenon but also an spatial attribute -- so a global space or geography is a domain of connectivity spanning distances and linking localities to one another, which can be portrayed on maps by lines indicating routes of movement, migration, translation, communication, exchange, etc.  Q: what is globalization? A: the physical expansion of the geographical domain of the global -- that is, the increase in the scale and volume of global flows -- and the increasing impact of global forces of all kinds on local life. Moments and forces of expansion mark the major turning points and landmarks in the history of globalization
  • a side effect of this was the movement of Genoese merchant wealth to Spain to search for a Western Sea route to the Indies
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  • 7. 1492 and 1498: Columbus and da Gama travel west and east to the Indies, inaugurating an age of European seaborne empires.
  • 11. 1929: the great depression hits all parts of the world at the same time -- in contrast to depression of late 19th century, but following rapid, simultaneous price rise in most of the world during the 1920s. Preceded by first event called World War and followed by first really global war across Atlantic and Pacific. 12. 1950: decolonization of European empires in Asia and Africa produces world of national states for the first time and world of legal-representative-economic institutions in the UN system and Bretton Woods. --- perhaps 1989 and the end of the cold war and globalization of post-industrial capitalism which appears to be eroding the power of the national states is on a par with the watershed of the 1950s -- we'll see ,Part II
  • Part II: globalization since the fourteenth century 1. The Segmented Trading World of Eurasia, circa 1350 By 1350, networks of trade which involved frequent movements of people, animals, goods, money, and micro-organisms ran from England to China, running down through France and Italy across the Mediterranean to the Levant and Egypt, and then over land across Central Asia (the Silk Road) and along sea lanes down the Red Sea, across the Indian Ocean, and through the Straits of Malacca to the China coast. The Mongols had done the most to create a political framework for the overland network as attested by both Ibn Battuta and Marco Polo. The spread of Muslim trading communities from port to port along the littorals of the Indian Ocean created a world of sea trade there analogous to the world of land routes in Central Asia.
  • Coercion and state power was critical in producing stable sites of trade and accumulation along routes of exchange and in protecting travelers on the long overland routes between sites. There does not seem to have been any significant military power at sea. Exchange within the various regional parts of the system was connected by networks of trade to commercial activity within trade and power relations in other parts -- in a segmented system of connections, like pearls on a string -- and observers made it very clear that states took a keen interest in promoting and protecting trade, even as rulers also used force to extort revenues and coerce production here and there. In South Asia, it should be noted, the Delhi Sultanate and Deccan states provided a system of power that connected the inland trading routes of Central Asia with the coastal towns of Bengal and the peninsula and thus to Indian Ocean trade for the first time. Ibn Battuta as much as the Khaljis and Tughlaqs represent the nature of the agrarian environment in the fourteenth century, and though warriors did use force to collect taxes, there was also substantial commercial activity in farming communities over and above what would have been necessary to pay taxes. Agrarian commercialism inside regions of trading activity clearly supported increasing manufacturing and commercial activity -- and also a growth spurt in the rise of urbanization.
  • Ibn Battuta (1350) -- like Abu-l Fazl (1590) and Hamilton Buchanan (1800) -- viewed his world in commercial terms, and standing outside the state, he does not indicate that coercion was needed to generate agrarian commodities. At each stop in his journey, he observed everyday commercialism. "Bangala is a vast country, abounding in rice," he says, "and nowhere in the world have I seen any land where prices are lower than there." In Turkestan, "the horses ... are very numerous and the price of them is negligible." He was pleased to see commercial security, as he did during eight months trekking from Goa to Quilon. "I have never seen a safer road than this," he wrote, "for they put to death anyone who steals a single nut, and if any fruit falls no one picks it up but the owner." He also noted that "most of the merchants from Fars and Yemen disembark" at Mangalore, where "pepper and ginger are exceedingly abundant." In 1357, John of Marignola, an emissary to China from Pope Benedict XII, also stopped at Quilon, which he described it as "the most famous city in the whole of India, where all the pepper in the world grows."1
  • 2. The European Seaborne Empires, 1500-1750 a. Phase One: the militarization of the sea, 1500-1600 Vasco da Gama rounded Africa in 1498 and forced rulers in the ports in the Indian Ocean system to pay tribute and to allow settlements of Portuguese military seamen who engaged in trade, supported conversion, acquired local lands, and established a loose network of imperial authority over the sea lanes, taxing ships in transit in return for protection. The militarization of the sea lanes produced a competition for access to ports and for routes of safe transit that certainly did not reduce the overall volume of trade or the diversity of trading communities -- but it did channel more wealth into the hands of armed European competitors for control of the sea. The Indian Ocean became more like Central Asia in that all routes and sites became militarized as European competition accelerated over the sixteenth and seventeenth centuries, as the Portuguese were joined by the Dutch, French, and British.
  • 3. The World Empires of Industrial Capitalism, 1750-1950. a. Phase One: the formation of national economies Basic eighteenth century economic conditions continued well into the nineteenth century, until the railway and steam ship began lower transportation costs significantly, and to create new circuits of capital accumulation that focused on sites of industrial production in Europe and the US. But important structural changes in the world economy began in the later decades of the eighteenth century. First, European imperial control of the Americas was broken, first in the north and then the south. This accelerated the rise of capital and capitalists as a force in the reorganization of nationally defined states, whose professes purpose was the political representation of the interests of their constituent property owners and entrepreneurs. The independence movements in the Americas and revolutions in Haiti and France produced new kinds of national territoriality within the world economy, and states that strove for greater control of resources within their boundaries than any before. Adam Smith and Frederick Hegel were two important theorists of this transitional period -- both of whom took a universal few of national issues, and theorized a great transformation away from an age of kings and emperors toward an age ruled by peoples and nations.
  • Second, European imperial expansion shifted into Asia, where the use of military power by European national states for the protection of their national interests became a new force in the process of capital accumulation. Chartered companies were criticized by Adam Smith as a state-supported monopoly -- for the English East India Company had a monopoly on the sale of all commodities imported into England from the "East Indies," which included all the land east of Lebanon -- and this early version of the multi-national corporation expanded its power base in India with government support but without official permission. The British empire expanded without official policy sanction throughout most of the nineteenth century, as British troops went in simply to protect the operations of British nationals operating as merchants overseas. The national state thus became both a mechanism for the control of territory within its own borders and for the expansion of national enterprise around the world. The US expanded over land and into Latin America by the expansion of the enterprise of its citizens and expansion of its military power, as the British empire expanded into Asia and then Africa -- along with the French and Dutch. In the discourse of nationalism, the "nation" and "empire" lived in their opposition to one another; but "economic imperialism" was standard practice for economically expansive nation states, and "gun boat diplomacy" became a typical feature of economic transactions among hostile states.
  • The 1840s form a watershed in the institutionalization of a world regime of national expansion and international economic organization -- when the British navy forced open the interior of China to British merchant settlements with military victories waged during the Opium Wars to protect the right of British merchants to trade in opium in China; and when the US Admiral Perry forced the Japanese to open their ports to American trade.
  • b. Phase Two: world circuits of industrial capital The integration of separate, specialized world regions of agricultural and industrial production within a world economy of capital accumulation occurred during the nineteenth century. The industrial technologies of the factory, railway, telegraph, gattling gun, and steam ship facilitated this development; but as important were the organizational technologies of modernity, which include state bureaucracy, land surveys, census operations, government statistics, national legal systems, and the like. The result was not only the creation of regions of the world with their own distinctive economic specializations, integrated into one world system of production; but also the construction of a single world of rules and regulations for the operation of the system. This change did not happen over night, but it was clearly moving ahead at the start of the nineteenth century and well advanced by the end.
  • Institutional markers: (1) the abolition of the slave trade and (2) the rise of international protocols for the operation of national competition at a world scale, culminating in the treaties of Berlin that organized the partition of Africa in the 1880s. Market indicators: (1) the South Sea Bubble and the crashes of the 1820s and 1830s, (2) the depression of 1880-1900 and its impact on Africa. Regional Cases: (1) the US South, (2) the world cotton economy, (3) jute in Bengal.
Dolly Peterson

In Defense of Responsible Offshoring and Outsourcing - Businessweek - 0 views

  • change by increasing activities and hiring workers outside the U.S., especially in fast-growing foreign markets.
  • Yet, politicians oppose — or at least do not defend, and certainly do not fairly explain — this most fundamental international dimension of global business reality.
  • globalization, but clarity on these issues is especially necessary this year. So here, in brief compass, are my views on the responsible, competitive basics of offshoring and outsourcing which global companies must be prepared to embrace forcefully
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  • Business Purpose.
  • Companies must step up and honestly explain why they offshore business functions and employment in a broad array of product and service activities to compete in a truly global economy. Among the strong (and standard) reasons that non-business people could understand, if properly explained (and if supported by the facts), are:
  • The need to stay cost-competitive with companies headquartered elsewhere, either through reduced finished product/service cost or through supply chain efficiencies;
  • The need to manufacture, assemble, provide services, and do R&D in order to understand and sell in a local market, and to attract great local talent for jobs that would not ever be offered in the U.S.;
  • The need to have a significant employment or plant/equipment presence in a local market because host governments demand it; Because such a presence can also pull a company’s high-end exports from the U.S.; Because a presence can strengthen that market’s economy and thus increase U.S. exports over time;
  • Because any products imported back to the U.S. can benefit consumers and the economy with lower cost (although foreign operations often sell in foreign markets).
Dolly Peterson

The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Co... - 0 views

  • As a monetary policymaker, my main concern is the health of the U.S. economy. Although the economy turned in a pretty sluggish performance for a long while after the 2001 recession, it has shown some real strength over the last few quarters in terms of output growth and productiv
  • ly most efficient. Consider this analogy with the family: No family tries to make everything that it eats, wears, and enjoys. If it'
  • because their jobs are going overseas. And concern for these workers, of course, is why there's interest in trying to restrict trade with tariffs, quotas, or other barriers. Indeed, such measures may actually succeed in slowing job losses in affected industries temporarily. But, as I hope I've illustrated, in the end, they impose significant costs on the rest of the economy that are much higher than any benefits.
Andrew Arballo

Policy / Economics of Outsourcing - 0 views

  • Outsourcing increases globalization and opens trade, which is beneficial to all parties by reducing costs and increasing productivity.
  • New jobs are created to fit the growing economy.
  • The reduction of costs is one of the most significant reasons for outsourcing
Andrew Arballo

Sen. Fritz Hollings: Building the Economy - 0 views

  • Globalization is nothing more than a trade war with production looking for a government cheaper to produce.
Andrew Arballo

Closer EU-China cooperation|Comment|chinadaily.com.cn - 0 views

  • The world is going through rapid changes and global readjustments caused by globalization and increased inter-connectedness between countries and peoples.
  • It shows that we are moving forward and the EU-China relationship is strong, balanced, creative in overcoming its differences, and built on mutual respect.
  • The way our societies and economies interact has the potential to transform our partnership and relations between our peoples. That is a reason to engage in discussions on today's and tomorrow's challenges, such as energy security, cyber security, innovation and urbanization. On the latter, a new partnership will prolong the spirit of Shanghai Expo Better City, Better Life and put China and Europe on a joint learning curve towards the emergence of sustainable and liveable cities.
Dolly Peterson

Globalization and Outsourcing | Business and Health Journal - 0 views

  • Outsourcing аѕ wе know іt іѕ referred tο subcontracting аn aspect οf уουr business tο a third party.
  • On one side οf thе spectrum, businesses аnԁ consumers alike wіƖƖ agree thаt outsourcing аnԁ globalization allows more companies tο achieve economies οf scale.
  • Many Americans hаνе lost thеіr jobs due tο outsourcing jobs tο cheaper competitors іn foreign countries. Thе nеw technological era іn whісh wе live now, іѕ allowing businesses tο сυt corners anywhere іt іѕ possible аnԁ ultimately mаkе more profit.
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  • Outsourcing works bу analyzing еνеrу aspect οr area οf a business thаt саn bе done bу a third party іn another country fοr a cheaper price.
  • Nοt еνеrу job, service, οr product hаѕ thе capability tο bе outsourced,
Dolly Peterson

Harvard Gazette: Globalization and education explored at GSE - 0 views

  • "Globalization and Education,"
  • world
  • ave thrived in globalization - East Asian countries and the "Celtic Tiger" of Ireland, for instance - share a deep commitment to education
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  • Education should help students synthesize information from a variety of disciplines and geographies, so they understand how economics informs politics, for instance, or that the economy of India can affect their job prospects, said Gardner.
Sebastian Turner

Globalization (Stanford Encyclopedia of Philosophy) - 0 views

  • Covering a wide range of distinct political, economic, and cultural trends, the term “globalization” has quickly become one of the most fashionable buzzwords of contemporary political and academic debate.
  • In popular discourse, globalization often functions as little more than a synonym for one or more of the following phenomena: the pursuit of classical liberal (or “free market”) policies in the world economy (“economic liberalization”), the growing dominance of western (or even American) forms of political, economic, and cultural life (“westernization” or “Americanization”), the proliferation of new information technologies (the “Internet Revolution”), as well as the notion that humanity stands at the threshold of realizing one single unified community in which major sources of social conflict have vanished (“global integration”).
  • As the time necessary to connect distinct geographical locations is reduced, distance or space undergoes compression or “annihilation.” The human experience of space is intimately connected to the temporal structure of those activities by means of which we experience space.
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  • The term globalization has only become commonplace in the last two decades, and academic commentators who employed the term as late as the 1970s accurately recognized the novelty of doing so (Modelski 1972).
  • Long before the introduction of the term globalization into recent popular and scholarly debate, the appearance of novel high-speed forms of social activity generated extensive commentary about the compression of space.
  • Writing in 1839, an English journalist commented on the implications of rail travel by anxiously postulating that as distance was “annihilated, the surface of our country would, as it were, shrivel in size until it became not much bigger than one immense city” (Harvey 1996, 242). A few years later, Heinrich Heine, the émigré German-Jewish poet, captured this same experience when he noted: “space is killed by the railways.
  • Globalization refers to those processes whereby geographically distant events and decisions impact to a growing degree on “local” university life.
  • Second, recent theorists conceive of globalization as linked to the growth of social interconnectedness across existing geographical and political boundaries. In this view, deterritorialization is a crucial facet of globalization
  • First, contemporary analysts associate globalization with deterritorialization, according to which a growing variety of social activities takes place irrespective of the geographical location of participants.
  • Third, globalization must also include reference to the speed or velocity of social activity. Deterritorialization and interconnectedness initially seem chiefly spatial in nature.
  • Fourth, even though analysts disagree about the causal forces that generate globalization, most agree that globalization should be conceived as a relatively long-term process.
  • Fifth, globalization should be understood as a multi-pronged process, since deterritorialization, social interconnectedness, and acceleration manifest themselves in many different (economic, political, and cultural) arenas of social activity.
Sebastian Turner

What are the advantages and disadvantages of globalization? - Yahoo! UK & Ireland Answers - 0 views

  • ADVANTAGES 1. Intergration of markets: Markets are interlinked- European Union 2. Cheaper Products for Consumer: Trainers are Cheap 3. Leads to Outsourcing in some cases which can lead to job loses: Moving call centers to India. 4. Lowering of international Bariers: Now European Union can Trade with ASEAN and NAFTA. 5. Providing jobs in LEDC's and help develop economy (less Economically Developed Countries) 6. Helps prevent market Saturation in a specific market: stops there being too much competitors in one place e.g too much call centres in Uk, so move to india 7. Standardisation of product: the same products can be seen in some many places - e.g coke and McDonalds DISADVANTAGES 1. Intense Competition 2. Widening of Gap between rich and poor countries 3. Harder for Smaller businesses to establish themselves 4. Exploitation of workers: Paying the workers in LEDC's a fraction of what would be paid in to workers in LEDCs. 5. Income generated in Host country is not always spent in the same country - money earned from supplying cheap call centres in india will not be spent in india but maybe in Uk or US.
Rachel Truman

Education | Globalization101 - 0 views

  • Our inter-connected world demands that we not only have an understanding of our country, but an understanding of nations, cultures, languages, and religions around the globe.
  • requires going beyond traditional modes of education that create a well informed, trained, and motivated workforce.
    • Rachel Truman
       
      yes
  • This response has largely taken place on several fronts, each with varying perspectives and motivations for wanting to transform education on a global scale.
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  • preparing youth to fulfill the challenges of an ever-transforming world.
  • private schools and multinational corporations are playing a dynamic role in meeting the demands of those seeking education around the globe
  • “Anyone can now learn anything from anyone at anytime.”
  • As the economy of every nation is shifting in response to globalization, so too are educational systems. However dramatic, subtle, intentional, or inadvertent, the face of education is transforming around the globe because of the changing needs of government and society.
  • The second section focuses on public sector, and pedagogical and curricular developments related to the theory of global education
  • the notion of global citizenship as a result of both global education and the globalization of education
  • Lastly, the fourth section looks at governmental policies regarding education
  • The first section or lens analyzes education as a business
  • China, the United Arab Emirates, and the United States of America are working to transform their educational systems to create a globally competitive workforce.
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