...overall affect of this globalization has yet to be realized, but in the short term for the middle and lower class echelon of thee fore mentioned economies, globalization has been devastating. In the first few pages of Chapter 1 “International Business (Competing in the Global Marketplace)” an example is given referencing the necessity for international healthcare due to the rising cost and inaccessibility to quality healthcare in the United States. The most interesting part of this example to me was the following statement. “Some insurance companies are starting to experiment with payment for foreign treatment at internationally accredited hospitals”. (Hill, 2011) Initially I found this statement comforting in the fact that insurance companies were thinking outside of a microeconomic healthcare model in order to better serve the people that they insure. On a larger scale this statement is disconcerting. It is disconcerting in the fact that everything associated in our healthcare system from equipment supply to the education and utilization of our medical professionals is either being mismanaged or financial gouged by government and the private market. As a result of the gauging, like any other business cheaper goods and services are being sought out elsewhere. It is astounding that it is cheaper to fly to another country and have a major surgical procedure performed at a quarter of the cost then it would be if performed in the United States. “Globalization refers to the shift...
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...The globalization of healthcare has provided opportunities for many organizations to rapidly develop their products and to expand their network of customers. But with this globalization, we also need to realize there are also a number of important economic and public health concerns. Healthcare organizations have an obligation to understand the interdependencies inherent in their supply chains, and to examine their supply chain practices through a strategic lens focused on the public’s health. We are seeing changes in where and how many healthcare products are produced and this is not always in the best interest of U.S. hospitals or our patients. Mike Alkire, president of Premier Purchasing Partners, has been analyzing this trend for many years. “Today more than 90 percent of all nutritional supplements, facemasks, exam gloves, and other products are manufactured overseas,” says Alkire. “China manufactures two-thirds of the world’s aspirin and 70 percent of its penicillin. If there was a global pandemic, whose population do you think would get the goods?” The current edition of Premier’s Economic Outlook examines these important issues. According to the analysis, there have been dramatic upticks in pricing for raw materials that are foundational to many healthcare products, including oil (up 28 percent in the last 12 months) and cotton (up 138 percent in the last 12 months). The increases are largely due to political instability and increased demand for raw materials...
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...Running head: GLOBALIZATION AND DIVERSITY IMPACT ON HEALTHCARE Globalization and Diversity Impact on Healthcare Organizations LaWanda D. Williams Kaplan University Health-care is one of the fastest-growing sectors in the world, and international trade in health services has created economic and diplomatic opportunities for both medical personnel and countries especially those that are low- or middle-income. The Infectious Disease Threat and Implications for the United States, health threats and issues have continued to have significant impacts on the world stage. Highly publicized virulent infectious diseases---- including HIV/AIDS, a potential influenza pandemic, and “mystery” illnesses such as the 2003 outbreak of severe acute respiratory syndrome (SARS) –remain the most direct health-related threats to the United States, but are not the only health indicators with strategic significance. Chronic, non-communicable diseases; neglected tropical diseases; maternal and child mortality; malnutrition; sanitation and access to clean water; and availability of basic healthcare also affect the US national interest through their impacts on the economies, governments, and militaries of key countries and regions. The greatest infectious disease challenge for the US since the beginning of the decade has been the potential emergence of a severe influenza pandemic. Although the H5N1 avian influenza virus remains primarily a threat to poultry, it and other such viruses continue to evolve...
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...Article Summary Julka Harsimran, the author of this piece of writing, describes the potential in the information technology sector within the healthcare industry. Recent changes in the United States Healthcare system led by the Obama administration has brought a tremendous opportunity to revamp/upgrade the healthcare insurance records with new electronic projects from conversion of data, to creation of new health and insurance records and processing of claims and sales of insurances to the management of all healthcare data. Globalization plays an important aspect in the sense that the opportunity to obtain this large contract managing all the American healthcare coverage information is not restricted only to U.S. companies, but to international companies as well. Nasscom, an Indian international information technology (IT) service provider, is a major prospective company with the potential to obtain a $20 billion contract managing creating and managing all electronic U.S. health records. Outsourcing and restructuring internatioanlly job opportunities can have a large impact in the local job market. Understanding globalization can help local companies prepare better to meet the challenges of today’s competitive work environment. Relevancy to Human Resource Management - Article Critique Due to the unpredictability of the economic trend of the global market, some companies have opted to outsource functions sacrificing tangible and intangible assets to save money in operations...
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...choice. What impact, if any, does globalization of the economy has on labor relations in this industry? I chose health care as my industry of choice because it is my major so it is important to know more about current issues in this industry. With all the changes in Obamacare going on it is important to understand the importance of Unions among health care. "Factors driving that surge include the National Labor Relations Board likely approving new rules expediting union elections, and healthcare workers are feeling greater anxiety over wages and job security due to partly market and policy pressures to reduce healthcare costs." ( Joel Carson, 2014). Reducing health care costs will eventually reduce the money of independent organizations and it worries this business by the unionized labor. The globalization of the economy includes obamacare by affecting labor relations of all organizations related to healthcare, including pharmacies, hospitals, medical groups, and insurance companies. Union labor among healthcare ha many benefits , specially focusing in quality at lower costs. "Although union membership in the U.S. overall has steadily dropped since the 1980s, organized labor has found more success organizing in healthcare. Currently, about 14% of the workers involved in the delivery of healthcare at public and private facilities are unionized, compared with less than 7% of employees in the private sector as a whole." ( Joel Carlson, 2014) Private healthcare try to stay...
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...Bisht et al. Globalization and Health 2012, 8:32 http://www.globalizationandhealth.com/content/8/1/32 REVIEW Open Access Understanding India, globalisation and health care systems: a mapping of research in the social sciences Ramila Bisht1*, Emma Pitchforth2 and Susan F Murray3 Abstract National and transnational health care systems are rapidly evolving with current processes of globalisation. What is the contribution of the social sciences to an understanding of this field? A structured scoping exercise was conducted to identify relevant literature using the lens of India – a ‘rising power’ with a rapidly expanding healthcare economy. A five step search and analysis method was employed in order to capture as wide a range of material as possible. Documents published in English that met criteria for a social science contribution were included for review. Via electronic bibliographic databases, websites and hand searches conducted in India, 113 relevant articles, books and reports were identified. These were classified according to topic area, publication date, disciplinary perspective, genre, and theoretical and methodological approaches. Topic areas were identified initially through an inductive approach, then rationalised into seven broad themes. Transnational consumption of health services; the transnational healthcare workforce; the production, consumption and trade in specific health-related commodities, and transnational diffusion of ideas and knowledge...
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...business to want to encounter the goal and to do so in both an appropriate and a profitable way. Lastly, controlling is the ongoing performance of studying the outcomes, keeping what works, and eliminating what is not working to successfully meet and possibly exceed the organization’s specified goals. Internal and External Factors The four functions of management significantly affect both internal and external factors. Internal factors are those that deal with the establishment directly, such as employees, personnel, the organization’s culture and values (Ochsner, 2013). External factors are those influences that come from outside the business, such as the economy, consumer demand, and globalization (Bateman, 2011). Successful management in all levels are those individuals...
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...and analyze how globalization and other factors have had an impact on them from a social, political, and economic perspective. During the late part of the 20th century, the International Monetary Fund and other organizations collaborated with countries that were struggling economically and offered financial assistance and the creation and implementation of policies. Globalization has had a significant impact on countries around the world; both positive and negative outcomes have resulted from various factors pertaining to globalization. Revolutions such as the Arab Spring uprisings have been influenced by aspects of globalization, such as the changing political sphere and the unstable economic market. Furthermore, the revolutions are more successful in contemporary times as opposed to fifty or one hundred years ago because globalization has provided the world with many comforts, such as the convenience individuals possess in the usage of technology—namely social networking websites. Therefore, it is important to analyze and examine the social, political, and economic changes that have been brought about by globalization, the changing global-politics, as well as social and economic issues that may have caused by or formed after military conflict. India and Vietnam are two countries that are quite similar in terms of GPD per capita rates, life expectancy, and other factors and are a perfect set of nations to examine and analyze in terms of the impact globalization has had on them...
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...Due to its increasing demand and globalization, the Brand Name Pharmaceutical Manufacturing in the United States will continue to be profitable despite competition from generic pharmaceuticals, barriers to innovation, and safety regulation. An industry overview Brand Name Pharmaceutical Manufacturing in the United States is one of the largest industries in the world today. This industry produces prescription and over-the-counter drugs as well as biologic products that are primarily intended for the treatment of human illnesses (Zhong). Its major products and services include other pharmaceutical preparations, biological products, oncological products, medicinal and botanical products, respiratory agents, lipid regulators, anti-diabetics, and in-vitro diagnostic substances (Turk). Similar industries include generic pharmaceutical, cosmetic and beauty products, scientific research and development, and biotechnology manufacturing in the United States (Zhong). The Center of Drug Evaluation and Research (CDER) of the Food and Drug Administration (FDA) (Zhong) is the government agency in charge of regulation and oversight of this industry. It consists of 1,575 businesses. Major players and their market shares consist of Pfizer Inc. (10.9%), Merck and Co. Inc. (10.4%), Johnson & Johnson (8.0%), Amegen (7.4%), Eli Lilly & Company (7.2%), and Abbvie Inc (6.4%) (Turk). In 2013 it brought in $165.0 billion dollars in revenue and $35.6 billion in profits. Between the years of 2012 and...
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...SUBJECT: Pros and cons of globalization ------------------------------------------------- DATE: September 6, 2012 Globalization describes the increasing internationalization of production, distribution, and marketing of goods and services. Developing countries benefit a lot from globalization, as there is a sound flow of money and thus, a decrease in the currency difference. Globalization will often result in having more competitors and those competitions keep prices relatively low, and as a result, inflation is less likely to occur within the country. Globalization is the process by which economies of countries around the world become increasingly integrated over time. Supporters of this topic argued that it is both good and beneficial because it has created outsourcing, for example, customer support, marketing, software development, insurance and accounting. It’s developed in countries like in India. Globalization can have a great effect not only on economics, but also on cultural aspects. As communication increases amongst two countries, there is interchange of cultures as well. We get to know more about the other's cultural preferences. Each country gets great opportunities to learn more about other cultures by being able to feel the culture closer. Another thing that is good about globalization is that it helps in increase of demand of products. This in turn increases rate of production. Manufacturers, thus, find this profitable and help in availability...
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...• 1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regional economies integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Globalization has affected the products people consume, the environment, culture, security, and idea exchange between different countries. There are many factors that lead to the speedy globalization trends. This acceleration inglobalization can be attributed to an increase in free-trade activities, emergingtechnologies, or the worldwide acceptance of markets. Globalization has affected cultures and economies on matters dealing withenvironmental destruction and availability of the already limited resources.Globalization has had diverse implications for environmental issues such as,pollution, deforestation, water resources climate change, and biodiversity loss. Therampant environmental problems have become the subject of international effortsbecause the effects are felt globally. The negative impacts of globalization focus onthe destruction on the environment that is export-oriented. On the other hand, thepositive impacts are the multinational companies research into technology that iseco-friendly...
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...GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regional economies integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Globalization has affected the products people consume, the environment, culture, security, and idea exchange between different countries. There are many factors that lead to the speedy globalization trends. This acceleration in globalization can be attributed to an increase in free-trade activities, emerging technologies, or the worldwide acceptance of markets. Globalization has affected cultures and economies on matters dealing with environmental destruction and availability of the already limited resources. Globalization has had diverse implications for environmental issues such as, pollution, deforestation, water resources climate change, and biodiversity loss. The rampant environmental problems have become the subject of international efforts because the effects are felt globally. The negative impacts of globalization focus on the destruction on the environment that is export-oriented. On the other hand, the positive impacts are the multinational companies research into technology...
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...Globalization has indeed brought a lot changes in the International System which does constitute smaller actors like those from the third world countries especially Africa. Globalization can be said to be a unitarization factor of the world hence making the world look like one whole entity. Globalization has both positive and negative impacts to Africa as a continent. It is no doubt that globalization has promoted greater respect for human rights, democracy, liberalized trading, technology, and contributed to the development of African press. This has strongly opened African countries to far greater scrutiny than in the past, making life hard for African governments to get away with excessive and blatant abuses of democratic leadership governance and transparency. Moreover, the technological revolution presupposes the free movement of goods, information, and people across national boundaries. It has an effect on employment patterns worldwide by the contribution to a great deal of outsourcing which is one of the best organizational and industry structure shifts these changes the way business operates. Further, Globalization is changing organizational structures where expenses can move up or down as the business climate dictates. In terms of positive economic opportunities globalization is the establishment of new economic opportunities for corporations, small businesses, through the access to global markets. Kenya has benefited from globalization by increasing the share of exports...
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...Globalization: A Very Short Introduction by Manfred B. Steger is a book outlining the concept of globalization. Steger looks at the perception of globalization from an economical, political, cultural and ecological standpoint. By analyzing and reviewing Globalization: A Very Short Introduction, I will look on Steger's view of globalization focusing on the economical, political, cultural and ecological standpoint, which will explain both the causes and effects of globalization. What Exactly is Globalization? Steger introduces his book by first defining globalization. He explains that many scholars have a one sided view of globalization as oppose to viewing globalization as a whole, seeing that globalization is an uneven process (Steger, 11). He refers this to the parable of the blind scholars and the elephant, and explained how each scholar had very different descriptions of what an elephant is (11). In a similar way, there are different views on globalization. Steger defined globalization as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa. (13) Is Globalization a New Phenomenon? This question was answered by looking at the four approaches to globalization (18-19). By doing this Steger comes up with an answer, which one is inclined to agree with. He stated, "globalization is an ancient process that, over many countries, has distinct qualitative...
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...Globalization Tonya Waters Issues in Behavioral Science David Ouellette May 18, 2014 Globalization is the process of erasing national boundaries for economic purposes in order to create one global economy. This process is driven by free trade and the mobility of capital in order to trade goods, human labor, natural resources and investments. Globalization increases competition, creates jobs and increases economic growth. There is much debate however regarding the implications of globalization. While some welcome the integration as an opportunity to grow economically, others view globalization as the disintegration of their culture and values. India and Cambodia are examples of cultures affected both positively and negatively by globalization. Cambodia has been experiencing rapid economic growth, largely supported by increased tourism and the exportation of farm products. Globalization has brought improved healthcare, education, nutrition and raised the standard of living for the Cambodian people. Life expectancy has increased and infant mortality has declined substantially. However, Cambodia’s strong economic growth is not without cost. The jungles of Cambodia are being destroyed for the purposes of planting industrial size agriculture crops. "The government of Cambodia has full control over what companies are permitted access to various land and fishing concessions in Cambodia. Many of the concessions are given without regard to how they will impact people's...
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