Reyes, Shahanie Joy G.

BSBA-MM3A

LESSON:

GLOBALIZATION AND CSR (CORPORATE SOCIAL RESPONSIBILTY)

I. Summary of the lesson

Globalization the word used to describe the growing interdependence of the

world's economies, cultures, and populations, brought about by cross-border trade in

goods and services, technology, and flows of investment, people, and information.

Globalization leads to increase competition and encourages increase international

portfolio investment. Regulation refers to the control of business through legislation

passed by the government, while deregulation deals with the elimination of the laws

and regulations of the government. Market and company practices such as securing

loans, purchasing materials and selling goods are influenced by these rules, or their

absence. International standards are also regulated markets and economies by

means of international principles and rules such as International Accounting

Standard. Qualitative intellectual capital and mobility they need skilled and

experienced international employees and rotation from country to country to provide

appropriate international business practice. Financial crises are mostly determined

by globalization and as a result of globalization impact

II. Conclusion

The conclusion is that globalization, through investment, it helped developed

countries by generating more employment and resources for poor people.

Globalization is the connection of different parts of the world because globalization

has led to an improvement in standard of living through transportation, improved

health care and education.

III. Recommendation

Globalization has many problems, such as exploitation, high investment costs,

confusing local systems, localized loss of jobs and many more but nevertheless

globalization still helps us in many ways but leaders still need to go into decisions

about whether and how to properly expand their business globally. The positive and

negative effects of global business will influence marketing, along with other

business functions, for better or for worse. Leaders need to carefully examine how to

balance costs and risks.