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Ch1-GlobPers-IHRM

Ch1-GlobPers-IHRM

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Published by Neeraj Kumar

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Published by: Neeraj Kumar on Mar 31, 2012
Copyright:Attribution Non-commercial

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03/31/2012

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International HRM
Global Perspective
 
Global Perspective
Globalization
:
refers to the process of integrating world economies. Also calledInternationalisation.
 
Global Perspective
Drivers of Globalization
:
1.
Rapidly developing economies have huge markets
2.
Many MNCs are locating their subsidiaries in lowwage and low cost countries to reduce their cost of production
3.
Changing demographics
 –
 
India’s population is
getting younger in the coming decade andpopulation of developed countries will be gettingolder

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