Program Semester

: MBA : IV

Subject Code
Subject Name Unit number Unit Title Business Lecture Number Lecture Title economy

: MB0037
: International Business :1 : Introduction to International :1 : Globalization and growth of

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OBJECTIVES
To understand the fundamentals of international business functions, roles and processes. To analyze the various forces that influence international business practices across the globe Appreciate the multiple aspects of history, culture and

business philosophies in the internal business arena

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GLOBALIZATION
A structured process of human progress and technology growth through increasing integration of economies.

It has helped to promote competition and opportunity for

people to enter into foreign markets Globalization has led to promotion of open economy which

has made countries to embrace the various best practices in

business Has been the root cause of promoting uniformed business polices and enhanced financial transactions

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Unparalleled growth and Increased Inequality:

The world economy has been able to see a tremendous growth in all the spheres of business Integration of financial markets around the globe has led the race of controlling currencies

Enhanced communications has made the world come closer The growth rate of GDP has propelled a huge gap between developed nations and developing countries

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DEVELOPED COUNTRIES :INTEGRATION

Developed nations are highly integrated in terms of the movement of trade. They have widespread contacts and their exports are well accessible across the globe They are financially strong with higher levels of investments and increased cash flows from private companies

The integration of skill sets with people is highly found

through they are able to transfer knowledge for their own economy These countries spend huge amount of money in terms of innovation and technical advancements

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THE GAP BETWEEN NATIONS

Poorest countries include most of the nations in Africa and in the northern parts of central Asia These countries in order to move the ladder ,have to emphasize on macro economic growth factors like industrial reforms, financial markets , agriculture etc.

A strong participatory approach needs to be developed to

foster economic governance and prosperity Trade can promoted by increasing investments and processing of export oriented zones to make these countries bridge the gap

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GLOBALIZATION FROM WORKERS INTEREST

Globalization has paved way to enormous growth of educational methodologies, which in turn has created the knowledge wave among the people. Traditional industries have changed to service oriented units providing huge employment opportunities.

Skilled jobs in various forms have taken over from unskilled

roles Technological transitions have made workers to learn new methods of delivering work

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ROLES OF INSTITUTIONS AND ORGANIZATIONS

Emergence of WTO played a major role in bringing organized trade among nations Organizations have helped in reducing poverty by increasing jobs. The broader the growth aspects have helped nations to

discover new paths for industrial verticals.

Industries have helped to integrate economies and created structured processes for emerging markets

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CASELET 1

Dell Inc has one of the leading companies which has smoothly integrated its supply chain functions and has catered to the various demands of its customers across the globe. Adopting the latest trends in the technology it has been able to create a complete competitive advantage over the competitors. How did the globalization provide a way for companies to add on to the competitive adavantage?

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DISCUSSION TOPIC

Discuss broadly on the various merits and demerits of globalization in the case of developing nations like India and China

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