111.ppt detail information about globalisation

It gives you detail information about the globalisation

1. Globalization
“Globalization is a process of development of the world into a
single integrated economic unit.”
IMF defines globalization as the” growing economic
interdependence of countries worldwide through increasing volume
and variety of cross border transactions in goods & services and of
international capital flows ,and through the more rapid and
widespread diffusion of technology.”

2. Globalization of Business
*Doing or planning to expand globally.
*Developing the global outlook towards the
business.
*Locating the production and other physical
facilities on global business dynamics.
*Global sourcing of factor of production .
Essential conditions for
Globalizations
*Business Freedom
*Facilities
*Government Support
*Resources
*Competitiveness

3. Features of Current Globalizations
New Markets
*Growing global markets in services –Banking , Insurance , Transport
*New financial Markets
*Proliferation of mergers and takeovers .
*Global consumer markets .
New Actors
*MNCs integrating their production and marketing .
*WTO-A Multilateral Organization with authority to enforce compliance with rules .
*Regional Blocks.
*More policy coordination groups –G-7,OECD

4. Rules and Norms
Market Economic Policy spreading around the world.
Wide spread democracy spreading across the world .
New multilateral agreements in trade ,taking on new agendas as
environmental and social conditions.
New multilateral agreements –for services , intellectual property,
Communications-more binding on national governments than any
previous agreements.
Multilateral investment agreements under debate .