...GLOBALIZATION AND IT EFFECTS ON CULTURAL INTEGRATION: THE CASE OF THE CZECH REPUBLIC. INTRODUCTION I. AN OVERVIEW. With the growing standards of the world and the existing concepts and complexities in political, economic and socio-cultural ideologies, man has always and continuously pondered over the aspects of his nature. Unity, equality, trade and commerce are at the forefront of man's complexities. With these thoughts in mind, man has moved through history trying to satisfy his desires in relation to others. The advent of the twenty-first century gave birth to the idea of making the world a single village, thus, globalization. Globalization is the most talk-about issues in the 21st century. However, there is the difficulty of the world to come up with a single and uniform definition. This is because, so many people doubt if the happenings in the world today are as a result of globalization. Thus, due to these global differences of what this concept actually is about, globalization has grown to involve aspects not only of economy, but politics and other socio-cultural issues. Globalization affects almost every human being, this is because the process of globalization is said to have expanded almost through out the entire world either through transport, commerce, and communication. In addition, man’s activities on the globe are all located under these sectors. Culture, as a way of living of man, is identified by every one immediately after birth and was often...
Words: 27217 - Pages: 109
...| |[Year] | | |Grizli777 | | | | | |SOHEL | |[Type the document title] | |[Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the | |document here. The abstract is typically a short summary of the contents of the document.] | ACKHOWLEDGEMENT It is my great pleasure to convey my deep respect and indebtedness to my teacher Dr. Md Azam Khan, Chairmen, Department of Economics, Jagannath University for cordial guidance, pragmatic suggestions and continuous encouragement and inspirations of my term paper work, which enabled me to complete my dissertation work successfully. I would also like to offer my heartfelt thanks, gratitude, deep respect and indebtedness to Soma Bhattacharjee, Lecturer of Economics, Jagannath University for his continuous guidance, thoughtful suggestion and inspirations during the entire time of my term paper. I am indebted to the respondents of the study area who provided data and suggestions to complete the work. Contents ...
Words: 7048 - Pages: 29
...1 Was “Englishnization” a good idea for Rakuten? What are the costs/benefits of such a policy? Rakuten’s decision for “englishnization” of the company is 100% in line with the trend that “English is now the global Language of Business” Englishnization of global corporations: Strategy is Needed by Sebastian Reiche blog.iese.edu It still doesn’t mean an easy transition. People naturally oppose any changes and that can lead to higher costs especially in the beginning stages. The way Mikitani announced the “Englishnization” policy, without consulting with his management team did not prepare any employees for this change. The employers were immediately put under a lot of stress and experience a lot of pressure. Also linking the worker’s salaries to their English results and improvements increases the stress and uncertainty among employers. Higher stress levels normally have a negative impact on your efficiency and result in lower productivity. Poor communication (because of the immediate ban on any other language) also leads to lower productivity due to misunderstandings and waste of time. Despite these original costs in the short term, this Englishnization policy will have a lot more benefits for the company in the long way. As mentioned above English is the Global language of Business and this policy will lead to better communication between all international business. Being English efficient, managers will understand their competitors strategies better and will...
Words: 1206 - Pages: 5
...In part 1, Milanovic argues that citizens of wealthy nations hold two concerns: job loss resulting from competition with low-wage countries and loss of national identity resulting from increasing numbers of immigrants. With educated, skilled workforces, the two emerging economies have mastered economic globalization: China has plenty of surpluses to export, and India has become an information-technology leader. Immigration not only threatens jobs in the developed countries, but also challenges national culture and solidarity, particularly if large numbers of immigrants fail to assimilate into their new homelands. Europe, by not welcoming its immigrants or allowing them to move up career ladders, faces greater challenges than the US. In the end, Milanovic concludes, “Europe needs no less than a social revolution: replacement of its welfare state, and acceptance that Germans, French or Italians of tomorrow will be much darker in their skin color.” In part 2, Milanovic says that globalization has spurred inequality – both among citizens in the wealthiest countries as well as among nations of the developing world. He says China and India compete globally, and yet only a fraction of their citizens prosper. This then increases inequality between rural and urban populations and between coastal and interior areas in China. Milanovic says this could have disastrous consequences in the event of political transition. Forty of the poorest nations, many in Africa, have had zero growth during...
Words: 316 - Pages: 2
...Case – Globalization of Health Care 1. Some of the developments are a. American insurance companies beginning to cover treatments performed in other countries. i. This is a cost saving experiment. The potential of cost avoidance could be in the billions. I’m sure they will study the submissions to ensure no residual infections or secondary conditions arise from the overseas procedure. b. Uninsured patients are seeking cheaper care outside of the US borders. i. This may be altered by the newly upheld Obamacare mandate, but it is still a huge savings for the patient, if they have out of pocket expenses that would be considered “co-pays”. c. Foreign hospitals and doctors being better equipped, ranked, staffed, and trained than most American hospitals and medical staff. i. This should be a wake-up call for their American counterparts, but, in this economic and political climate, it will go unanswered. 2. . a. The beneficiaries are the patients who can get equitable or better care for less out of pocket expense. The insurance companies also benefit as they will see a cost avoidance by authorizing and covering the treatment. The country will benefit from the additional tourism (from the improved perception) and the added revenues. b. The losers are the American hospitals. They are suffering lost income, they are losing their reputations, and they are losing potential trained medical staff that may come over for their educations and would have stayed, but instead, they are...
Words: 554 - Pages: 3
...impact of globalization on the economy Globalization is one of the main features of modern society. Today it covers almost all spheres of human activity, and its influence becomes more and more obvious. To talk about the effects of globalization, it is necessary to understand its nature and the factors, sources, which led to its emergence. Today majority of scientists agree that economic globalization “is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital”. There are several sources of globalization. The first factor is technological advances. E-mail, the Internet, and the World Wide Web have significantly lowered the costs of transportation and communication in international trade and in doing business by and large. Next reason of globalization is trade liberalization that has led to more liberal world trading system. And finally source of globalization is creating globalized media, the arts, and popular culture with the widespread use of the English language for global communication. Of course there is not a complete list of the factors of globalization, but in my opinion, those mentioned sources are the most important. Globalization has significant impacts on all economies of the world, with various effects. There are heated debates around positive and negative effects of globalization. Leading pro-globalization arguments make a strong case that globalization...
Words: 432 - Pages: 2
...Cultures Impacted by Globalization Western Governors University Table of Contents 1. Two Non-western culture impacted by globalization ....................................................1 2. Before and after globalization ........................................................................................1 3. Case study analysis ........................................................................................................2 4. Reference Page ..............................................................................................................3 Non-Western Cultures Impacted by Globalization Globalization in a defined state is the connection of people in different parts of the world; it results in the broadening of cultures, economic growth and political advancements (Dunn, 1989,1993). It can and does lead to a greater independence and mutual awareness among all the people of our world. This paper will focus on two non-Western cultures that have been impacted by Western globalization. The Globalization in China and India China has been impacted by Western globalization in regards to their economy. China has been transformed from a culture that relied on their own self-sufficient economy and refused the thought of Western globalization to becoming more open and acceptable to trade and foreign investments. Women in India have been impacted by Western globalization in the way they...
Words: 1307 - Pages: 6
...GLOBALIZATION COURSE DATE Globalization is a concept which is argued by scholars to be very complex and hence cannot be simply restricted to a number of international occurrences (András, Gábor and Orsolya, 2007). It is important to avoid looking at globalization as simply an economy process as it is so common in the current days. Other than the commonly known economic and commercial dimension, globalization expands over the broader cultural and social dealings, having both minor and major impact on them. András, Gábor and Orsolya (2007) define globalization as the amalgamation of different levels of the international political, social and economic processes. In this sense, globalization is never a single process but rather a combination of several processes that are partly connected. The aspect of globalization is characterized by the progressive loss of the traditional role attached to territories. It involves geographical reconfiguration so that all the aspects of life that are social are never mapped wholly in terms of places of territory, territorial borders and distances. Goggin (2012) on the other hand has defined globalization as the actions that involve intensifying the global social relations which link distances that are far much apart such that, the happenings taking place a number of miles away can shape the occurrence in another place and vice versa. Economically, globalization always involves integrating the market into the global economy. Markets which...
Words: 1535 - Pages: 7
...Culture and Globalization Table of Contents PREFACE ............................................................................................................................................................................... 2 INTRODUCTION ...................................................................................................................................................................... 2 GLOBALIZATION VS. LOCAL CULTURES .................................................................................................................................... 3 THE INFLUENCE OF U.S. CORPORATIONS ON LOCAL MORES ................................................................................................... 3 THE DOMINANCE OF THE AMERICAN MARKET .......................................................................................................................... 4 THE INTEGRATION OF CULTURES ............................................................................................................................................ 6 REAFFIRMATION OF LOCAL CULTURE ...................................................................................................................................... 6 A CLASH OF CIVILIZATIONS?.................................................................................................................................................. 7 CULTURAL IMPACTS OF GLOBALIZATION ....................................................
Words: 17261 - Pages: 70
...Is Globalization bad or good? We are stepping into a whole new time of globalization in many aspects. Countries and countries are associated with each other, from cultures, economy, and policy, etc. A big melting pot of different cultures is right on the stove, it is actually exposing many effects to various aspects and areas. Under the new social background with mixed cultures, things always have two opposite ways, good or bad. Some arguments point out that globalization could be the cause of some serious problems like war, terrorism, and immoral business activities. Countries lose their unique identities and less country power as a whole party. However, other evidences prove that without globalization, the world would never change. The result is actually pushing the whole world forward for further development, gathering all creation and benefits together, and is even beneficial for emphasizing countries own identities from many others. Globalization is the process of migration; capital flows, spreading of cultures, technology and food spreading throughout the world. It is happening everyday, everywhere in the world. I, as an international student comes from China and attending my university in United Stated, I bring the money to US, come with my own Chinese culture background and personal identities, my language, and living styles as an Asian. I think I have finally fallen into a part of cultural globalization, exchanging or sharing my culture with American friends, I benefits...
Words: 2444 - Pages: 10
...SYLLABUS MGT/448 Global Business Strategies Copyright ©2015 by University of Phoenix. All rights reserved. Course Description The manager's perspective in the fields of international payments, international trade, and investment are analyzed. Emphasis is given to the materials and concepts that illuminate the strategies, structure, practices, and effects of multinational enterprises. Course Dates Jun 30, 2015 - Aug 03, 2015 Faculty Information Name : Email Address : Phone Number : HERB SPALLA (PRIMARY) See Policies Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents (both located on your student website): • Academic Policies University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Academic Resources • Web Links Instructions Review the Web Links. SupportingMaterial Web Links • Interactive World Map Link Instructions Review the Interactive World Map Link. SupportingMaterial Interactive World Map Link • Text Citation Information for Electronic Readings Instructions Review the Text Citation Information for Electronic Readings. SupportingMaterial Text Citation Information for Electronic Readings ...
Words: 2751 - Pages: 12
...the latter to lose their jobs, reduce wages and force the importing country interest to make it more competitive price structure. Social dumping - profile "anti-dumping hot spot analysis" dumping refers to a country or region exports to operators to lower the domestic market the average price of a normal or even below cost price to another country's market to sell their products, acts aimed at defeating competition opponent, to capture the market and, therefore, to the importing country the same or similar products, manufacturers and industry suffered losses. Anti-dumping, by definition refers to a country (importing country) against the dumping of other countries for their own counter-measures taken by the act. Stronger trend of globalization of trade, countries tend to protect their own industries also will be stronger, anti-dumping has become adopted by the majority of the country's main trading protection system. With the world economy and trade relations between the continuous development of international market competition intensified in almost all countries the declining tariff levels and economic development imbalances, international dumping and anti-dumping even more intense struggle. Its original meaning refers to the use of inmate labor and production labor or other forced labor...
Words: 703 - Pages: 3
...Globalization Learning objectives • Explain why it is important for managers today to have a global perspective. • Explain the three components of globalization • Describe its effects on markets and production • Explain how technology and innovation in transportation have speeded up globalization • Discuss pros and cons of globalization This chapter is dedicated to introducing the student to the emergence of a new and integrated world of business in which the traditional barriers to cross-border trade and investment including distance, time zones, language, differences in national government regulation, culture and business systems recede in significance due to globalization. The discussion of contemporary issues in international business illustrates the unique challenges of international business. A review of macro-economic and political changes that have taken place in the last 30 years highlights the issues that a typical manager must address in a global market. Information technology and technological changes have put global markets within the reach of small firms in remote locations. In spite of all its benefits, globalization is not a panacea. Critics of globalization point out that it has adverse effects on some firms and individuals. The opening case chronicles the meteoric rise of Wal-Mart from its humble Arkansas beginnings in 1962 to a global retailing giant with $218 billion in sales in 2002. The closing...
Words: 4771 - Pages: 20
...OUTLINE OF CHAPTER 1: GLOBALIZATION Opening Case: Flat Panel Televisions and the Global Economy Introduction What is Globalization? The Globalization of Markets The Globalization of Production Country Focus: Outsourcing American Healthcare The Emergence of Global Institutions Drivers of Globalization Declining Trade and Investment Barriers The Role of Technological Change The Changing Demographics of the Global Economy The Changing World Output and World Trade Picture The Changing Foreign Direct Investment Picture The Changing Nature of the Multinational Enterprise The Changing World Order The Global Economy of the Twenty-First Century Country Focus: India’s Software Sector Management Focus: China’s Hisense-An Emerging Multinational The Globalization Debate Anti-globalization Protests, Globalization, Jobs, and Income Globalization, Labor Policies, and the Environment Globalization and National Sovereignty Globalization and the World’s Poor Country Focus: Protesting Globalization in France Managing in the Global Marketplace Chapter Summary Critical Thinking and Discussion Questions Closing Case: IKEA—The Global Retailer CLASSROOM DISCUSSION POINT Ask students to describe how international business has affected them in their day so far. Ash them about who made the clothes they’re wearing, what type of food they ate for breakfast or lunch (muesli cereal, sushi, Italian-style...
Words: 1076 - Pages: 5
...MULTINATIONAL MANAGEMENT COURSE OUTLINE (2007-09) The globalization of the world economy and the related liberalization of the Indian economy are radically changing the business landscape. The international capital flows into India have increased several-fold since the onset of liberalization; Indian companies are becoming multinationals in their own right--a trend certain to intensify in the coming years. All in all, multinationals are becoming more ubiquitous as an instrument of economic and business activity. The business leaders of tomorrow need to be trained today in the unique requirements of multinational management. It is toward this objective that the proposed course in Multinational Management is being offered. The course combines a number of sub-disciplines from the fields of social sciences and business administration. It is broad in sweep; its depth is pitched at the PGP level. The overall course is divided into four modules, as follows: Module I--International Business Context-- provides an historical perspective on globalization and presents a viewpoint on its future direction. It also covers some of the globalization drivers including international trade and investment and how they spawn multinational activity. The phenomenon of domestic and cross-border corruption and bribery, often an inherent part of such activities, is discussed. Finally, it postulates how countries and companies can develop competitive advantage and defines the implications...
Words: 1561 - Pages: 7
