Concept of Globalisation

Globalisation refers to the free cross border movemnet of goods,

services , capital , information and people. It is the process of
creating networks of connections among actors at multi continental
distances , mediated through a variety of flows including people ,
information and ideas capital and goods.
Moreover , a number of interesting terms to signify the various
aspects of globalisation , such as westernisation, Americanisation ,
walmartizatiom , Mcdonaldization , disneyfication , coca
colanization etc have emerged.
Globalisation refers to the intensification of cross national economic
, political cultural social and technological interactions that leads to
the establishment of transnational structures and the integration of
economic, political and socail process on a global scale.
Economic globalization
Financial Globalization
Cultural Globalization
Political Globalisation



Dimensions of economic globalizaition

Globalization of production
Globalization of markets
Globalization of Competition
Globalization of technology
Globalization of corporations annd industries

Support of Globalization
Maximization of economic efficiencies
Enhanced trade
Increased cross border capital movement
Improved efficiencies of local firms
Increase in consumer welfare
Critisicm

Developed versus developing countries
Unequal players in globalsaition
Widening gap between rich and poor
Wipe out of domestic industries
Unemployment and mass layoff
Balance payment problems
Increased volatility of markets
Loss of cultural identity

Stages of internationalization

Domestic Company
International Company
Multinational Company
Global Company
TransnationalCompany




Approaches
Ethnocentric Approach
Polycentric Approach
Reginocentric Approach
Geocentric Approach