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Business - Essay Example

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As described by Clark and Knowles (2003), globalisation is viewed differently from the perspective of many definitions – global scope (large), global village (small), pervasive (global culture), standardised (global product, global practice, global service, etc.),…
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[Rodrick. 1997 taken from Clark and Knowles. 2003]
(b) Globalisation is about development of worldwide social relationships among localities that are distant such that their local happenings get influenced by the events happening thousands of miles away. [Giddens. 1990 taken from Clark and Knowles. 2003]
(c) Globalisation is related internationalisation of production and business of organisations that requires organisational structural changes, resources, management practices, capabilities and competencies to meet the needs & requirements of cross border production, business, transactional strategies and marketing operations. [Dunning. 1993 taken from Clark and Knowles. 2003]
(d) Globalisation is essentially a plurality of global knowledge systems that results in cultures which spill over across boundaries (that were developed to constraint them) in many countries and hence forms a mass global society. [Worsley. 1999 taken from Clark and Knowles. 2003]
(e) Globalisation is an extension of geographic limits of economic activities across national boundaries of multiple countries such that the many internationally dispersed activities get categorised under global definitions and are functionally integrated. [Dicken. 1998 taken from Clark and Knowles. 2003]
There are many such definitions that describe globalisation at economical, cultural, religious, linguistic, political, social, etc. levels but, as reiterated by Clark and Knowles (2003), a clear, concise and consolidated definition is yet to arrive. The paper is targeted to analyse the impact of globalisation on economic and social development of regions across the globe. The methodology employed for the study comprises of study of selected empirical literatures on globalisation. The arguments that support globalisation as well as the ones that criticise globalisations have been ... Read More
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