Got a tricky question? Receive an answer from students like you! Try us!

"Many see globalization as an opportunity for international business, but it is claery a threat."Do you agree?Explain your answer with reference to the economic performance of so called BRIC countries. - Essay Example

Only on StudentShare
Undergraduate
Essay
Business
Pages 12 (3012 words)

Summary

Do You Agree?” Explain Your Answer With Reference to the Economic Performance of so Called BRIC Countries.
“Many people see globalisation as an opportunity for international…

Extract of sample
"Many see globalization as an opportunity for international business, but it is claery a threat."Do you agree?Explain your answer with reference to the economic performance of so called BRIC countries.

Finally, the study will draw a conclusion based on these analyses. Globalisation is associated with economic growth, international business and financial market. It refers to a cross-border increase in free movement of services, products, labour and financial capital (Magazine, Inc., 2011). It is mainly driven by the flow of technology and ideas across the border. Globalisation can be examined from different perspectives such as economic, political and social perspectives. Also, globalisation is evaluated using four dimensions such as personal contract, political commitment, technological connectivity and economic arrangement (Beausang, 2012). Based on these globalisation perspectives different countries are ranked differently and score differently under various aspects. This implies that an individual country cannot score highly in all dimensions of globalisation. According to Leaders Magazine, Inc. (2011, p.68), “globalisation has a real impact, creating both opportunity and risk.” As countries’ economies expand in size and growth rate, they increase their relevance in the world economy demanding for robust political expression that matches their economic status. Despite the challenges of globalisation, many countries have benefited a great deal from engaging in trade relations with international nations.
Globalisation is one the trends of the 21st century which is characterised by escalating web of connections between the developing and the developed countries of the globe steered by rapid transnational development (Chen & De Lombaerde, 2014). Technological advancements and declining transport and communication cost have intensified collaboration between international communities. Globalisation has influenced all aspects of human lives including social, political and economic aspects (European Union, 2012). The effects of globalisation on business are of more significance in this study. Various studies have established various ...
Download paper
Not exactly what you need?

Related Essays

With reference to your own research, do you think that the ability of a business to act successfully in a social responsibility manner is mainly determined by the products it produces?
Introduction Corporate Social Responsibility or CSR for short is the ability of a business to manifest its truest basis to the public time and again. This means that its aim is to be truthful to all and sundry to create a positive mindset and image about the different product and service offerings under its organizational aegis. This paper will highlight the potential benefits of CSR which is in relation to the cost for businesses and stakeholders. It will also highlight how the CSR becomes a significant entity in relation to several other objectives of the organization. Then there will be…
6 pages (1506 words)
Chinese economic developments in the nineteenth century
This essay offers a retrospective comprehensive review of the economic developments in China during the nineteenth century. The paper explores Chinese scope in foreign trade in that period and the changing trends, which were occasioned by a variety of trading empires from the west and in particular the period of treaty port which opened up china’s ports to the world. …
9 pages (2259 words)
Importance of BRIC Countries
Some economist projects that by 2050, these will be the most important economies with China replacing U.S.A. in the first position. Economist believe that by working together, BRICs can curve the future economic order for themselves with China dominating manufacturing, India services, Brazil and Russia supplying raw materials. In the year 2010, BRIC countries delivered more than a quarter of the world GDP (27) % and this is quite significant in global economy. Between 2000 and 2010, BRIC GDP grew by 92.7percent despite the economic meltdown of 2008 and the growth is projected to be higher in…
11 pages (2761 words)
International Business Globalization
The company is the leading company in its home sector. This paper provides a basic company profile which clearly provides the vision and the mission of the company. In the next section, the Chinese market environment has been studied in details including the social, political and economic factors that can affect business. After studying the market of China in details, it has been seen that the joint venture mode of entry can prove to be beneficial for the company. An analysis of the marketing strategy of Kids R Us has shown that strategically placing its product in high-end malls can boost up…
10 pages (2510 words)
'Many see globalization as an opportunity for international business, but it is clearly a threat.'
On the contrary, some associate globalization with hostility and even fear believing that it raises the issue of inequality between and within nations that threatens employment and living standard, thereby thwarting social and economic progress (Wolff, 1998). Globalization has often been considered as a cradle of the global economic development. Globalization, a so-called ‘world liberator’, has not escaped controversies and criticisms as researchers, business officials, country leaders has often claimed that it has been the main cause of social evils and rising levels of poverty in…
7 pages (1757 words)
With reference to your own research, do you think that the ability of a business to act successfully in a socially responsible manner is mainly determined by the products it produces ?
The concept of CRS rose in the 1960’s after World War II (Carroll & Shabana 2010, p. 86). The primary cause of increased concern in the CSR concept is due to consumer concern social behavior of firms.…
8 pages (2008 words)