Globalization is the increasing

interdependence, integration & interaction

among people and corporation in various
locations around the world.

Interdependence is a dynamics of being

mutually responsible to and sharing common
principles with others.
Globalization refers to rapid increase in
the share of economic activity taking
place across national borders.

It goes beyond the international trade

includes the way in which goods/
services are produced /created, delivered
& sold & movement of capital.
Definitions
A typical - but restrictive - definition can be
taken from the International Monetary Fund
which stresses the growing economic
interdependence of countries worldwide
through increasing volume and variety of cross-
border transactions in goods and services, free
international capital flows, and more rapid and
widespread diffusion of technology.
This goes beyond the international trade in goods and
includes the way those goods are produced, the
delivery and sale of services, and the movement of
capital.
Threat or opportunity...
Globalization can be a force for good. It has the
potential to generate wealth and improve living
standards. But it isn't doing that well at the moment.
The benefits from increased trade, investment, and
technological innovation are not fairly distributed.
The experience of the international trade union
movement suggests that the reality for the majority
of
the world's population is that things are getting
worse.
Globalization as we know it is increasing the gap
between rich and poor. This is because the policies
that drive the globalization process are largely
focused on the needs of business.
Conditions for globalization
Business Freedom-No unnecessary Government
restrictions, restrictions on sourcing
of funds and other factors from abroad. Hence the
liberalization is the 1st step towards facilitating
globalization.
Facilitators-Infrastructure facilitation available at
home country an help entrepreneurs go globally.
Government support –Government support available
in the form of policy & procedure reform encourage
globalization
Continue..............
Resources-Resources is an important factor which
decides the ability of affirm to globalize. They include
finance ,technology, brand image, company’s image,
managerial expertise etc.
Competitors- This is an important factor which
company’s success in global market bank on .The
factors like low costs& price, product quality, product
differentiation, technological superiority. After sales
service, market strengths etc are few to name.