Premium Essay

Assessing the Impact of Globalization on the Caribbean Business Environment

In: Business and Management

Submitted By Koscina
Words 3201
Pages 13
The purpose of this paper is to assess the impact of globalization on the Caribbean business environment. Much has been written about globalization which is more accurately viewed as a process of change rather that an event which has already occurred. The impact of globalization on any environment can be both positive and negative and can be described as the enablers or the constraints which affect the decisions made by leaders, both government and business. It also refers to the way these choices affect the lives of all people.

Scholars David Held, Anthony McGrew, David Goldblatt and Jonathan Perraton developed a general framework for understanding the process and characteristics of globalization. The authors said that, “in its simplest sense globalization refers to the widening, deepening and speeding up of global interconnectedness. They also suggest that the process of Globalization does not only have one kind of impact or outcome but four different types namely Decisional, Institutional, Distributive and Structural:
• Decisional impact. How does globalizing processes affect how individuals, corporations, organizations and governments make decisions?
• Institutional impact. How does globalization change the agendas of organizations and individuals, structure their choices and influence their preferences?
• Distributive impact. How does globalization change the way wealth and power are distributed within and among countries?
• Structural impact. How does globalization structure patterns of behavior (social, political, economic, etc.).

Globalization means many things to different people depending on one’s perspective and where you are in the world, be it developed or developing nation or leader in business or politics. Research has shown that there are many definitions with some common themes emerging. There would be agreement that Globalization is...

Similar Documents

Premium Essay

Can Small Developing Countries Survive in a Globalised Environment

...ARTHUR LOK JACK GRADUATE SCHOOL OF BUSINESS THE UNIVERSITY OF THE WEST INDIES   EXECUTIVE MASTERS IN BUSINESS ADMINISTRATION    GLOBAL MACROECONOMICS AND THE CARIBBEAN BUSINESS ENVIRONMENT   (BUAD 6085)    INDIVIDUAL COURSEWORK ASSIGNMENT    CAN SMALL DEVELOPING COUNTRIES SURVIVE  IN A GLOBALISED ENVIRONMENT?  Submitted by:  VITRA SINGH (UWI ID #: 91780646)  Cohort 22  25 OCTOBER 2010   It has been said that arguing against globalization is like arguing against the laws of gravity. - Kofi Annan INTRODUCTION I sit at a food court near a Manchu Wok take out in O’Hare International Airport in Chicago, waiting on a flight to Miami and a connection back home, to Trinidad. My Dell laptop is on the table in front of me and my Nokia phone is next to it. My roll-on hand luggage is at my feet, a SwissGear brand, bought in London with a tag on the side which reads ‘Made in China’. Across the table from me, sits a group of young American men on their way to Beijing. Announcements in the background call the departure of an Air France flight. A family walks by; a man, a woman and a girl of about six. The man calls out to the little girl and his accent confirms for me, his East Indian heritage. The girl’s attention is absorbed in a bright pink Nintendo DSi. Later at the gate, a seventy five year old woman from Nebraska, sits next to me and tells me that she is on her way for an ‘overseas adventure’ in South America. She has always wanted to do this, she says,......

Words: 3615 - Pages: 15

Free Essay

Caribbean Studies Notes

...caribbean studies notes MODULE ONE LOCATION AND DEFINITION OF THE CARIBBEAN REGION Definition of the Caribbean Region Geographical This describes the area washed by the Caribbean Sea and is often described as the Caribbean Basin. It would therefore include most of the islands of the Lesser Antilles, Greater Antilles as well as the mainland territories in Central America (Costa Rica, Belize, Panama, Honduras) and Northern South America such as Columbia and Venezuela. The common link here is the Caribbean Sea. Geological There are deep seated structural features of Caribbean geology which also identifies commonalities. It is the area that is defined by the Caribbean Plate and which experiences similar tectonic, seismic and volcanic features and processes. Historical It describes the area that saw the impact of European colonization, slavery, indentureship and the plantation system. this refers to all the territories so that one way of defining the Caribbean is to identify those countries that experienced the rule of specific European countries. Thus the Caribbean may be defined as being broken up into the English, French, Dutch and Spanish speaking countries and territories. Political In the Caribbean at least three types of governmental systems are found. They include Independent States, Associated States and Colonial Dependencies. CHARACTERISTICS OF SOCIETY Society Society is a collection of people occupying a defined......

Words: 9332 - Pages: 38

Premium Essay

Sylabus

...CARIBBEAN EXAMINATIONS COUNCIL Caribbean Advanced Proficiency Examination® CAPE® MANAGEMENT OF BUSINESS SYLLABUS Effective for examinations from May-June 2013 CXC A27/U2/13 Published by the Caribbean Examinations Council All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means electronic, photocopying, recording or otherwise without prior permission of the author or publisher. Correspondence related to the syllabus should be addressed to: The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road, Kingston 5, Jamaica Telephone Number: + 1 (876) 630-5200 Facsimile Number: + 1 (876) 967-4972 E-mail Address: cxcwzo@cxc.org Website: www.cxc.org Copyright © 2013 by Caribbean Examinations Council The Garrison, St Michael BB14038, Barbados CXC A27/U2/13 CXC A24/U2/12 Contents INTRODUCTION .................................................................................................................................. i RATIONALE ......................................................................................................................................... 1 AIMS .................................................................................................................................................. 1 SKILLS AND ABILITIES TO BE ASSESSED .............................................................................................. 2......

Words: 27752 - Pages: 112

Premium Essay

Netflix Case Study

...tries to stay ahead of the competition. In its discussion of the present-day challenges that Netflix, Inc. faces the discussion will also relate the proposed challenges to the managerial challenges of globalization, diversity, and ethics. After each of the four anticipated challenges have been addressed then this paper will provide an analysis of the steps that Netflix, Inc. has already taken to keep the company on the frontline of online media streaming. This paper will also provide suggestions as to what can be done in order for Netflix, Inc. to become the number one competitor and innovator in the market. Keywords: Netflix, challenges, analysis Past to Present In 1997 Netflix, Inc. was founded in Scotts Valley, California by Reed Hastings and Marc Randolph initially offering weekly DVD rentals online. Within two years Netflix, Inc. transitioned from offering weekly rentals to offering a subscription service that allowed consumers to rent movies as frequently as they pleased for a monthly fee. In a matter of ten years Netflix, Inc. began to offer the online streaming of media for a subscription fee and ended the year with 7.5 million members. Since 2007 Netflix, Inc. has grown to over 40 million members and has expanded to Canada, Latin America, the Caribbean, the United Kingdom, Ireland, the Nordics, and the Netherlands. From 2007 to 2013 Netflix, Inc. has also been able to incorporate its product into over 200 various consumer electronics such as Xbox......

Words: 2880 - Pages: 12

Free Essay

Investigating the Factors That Have Led to Significant Underdevelopment in Guyana, What Practical Solutions Can Be Suggested to Help Improve the Economic and Political Performance of This State?

...caused two decades of extreme terror and suffering to all in Guyana, as explored in chapter two. The need for change was undeniable and such an event provided Desmond Hoyte ‘with the opportunity to break with some old PNC practices’. The recognition of the need for free enterprise in order to re-stimulate the optimism of a whole population formed the basis of Hoyte’s, and subsequent presidents’, prevailing actions. This chapter sets out to explore the extent to which Guyana has since broken free from the shackles of socialism as a result of various government and international institution-led initiatives, and explores the impact on Guyanese development as a result. By analysing the initial success of the IMF-World Bank backed austerity and recovery program implemented in 1988; CARICOM’s aim to break down the divide between the ‘core’ states and the Caribbean as a ‘peripheral’ region; and the effect of regular financial aid as a result of Guyana’s status as a heavily indebted poor country (HIPC), one quickly realises the apparent commitment of Guyanese governments to the cause of market liberalization and the desire to maximise the theoretical benefits. However, the stagnation of economic growth in the mid 1990’s suggests that despite good intentions, Guyana has failed to prosper under the conditions of re-privatisation and improved access to open international markets as a result of IMF and World Bank support. The neo-liberal nature of these new...

Words: 3683 - Pages: 15

Premium Essay

Globalization

... 3 1. The concept and essence of globalization 1. What is globalization 5 2. History of globalization 11 3. Different types of globalization 13 2. Effects of globalization 2.1 Positive effects of globalization 19 2.2 Negative effects of globalization 21 Conclusion 23 Endnotes 24 Bibliography 25 3 Introduction Today it is really difficult to find a more fashionable and a discussion topic as globalization. Dozens of conferences and symposia, hundreds of books and thousands of articles are devoted to it. It is discussed and......

Words: 11953 - Pages: 48

Premium Essay

From R.Evolution to Sustainable Development

...evaluation and effective communication.It was our intention to provide an outline of the diverse views on the subject, focusing on globalization as a change of attitude towards sustainability.It is a review of terminology associated with the SD and its multiple interpretations.It is referenced the apparent and irrelevant impact of initiatives to solve the economic, social and environmental problem. It emphasizes the influence and importance of strategies and the positioning of SMEs on the way to SD in the policy of act local think global. KEYWORDS Strategy Sustainable development Sustainability, SMEs JERÓNIMO, WINSTON CENSE, Center for Environmental and Sustainability Research, Departamento de Ciências e Engenharia do Ambiente, Faculdade de Ciências e Tecnologia, Universidade Nova de Lisboa, Portugal OLIVEIRA, NUNO GASPAR DE CIGEST, Assistente Instituto Superior de Gestão, Portugal 1. INTRODUCTION “(R)Evolution or Death”, adapted from the revolutionary slogan used and popularized by the Cuban regime, serves as motto for the urgent need to transform our production and consumption systems and our standing towards the environment around us. In essence, Sustainable Development (SD) is a concern for creating opportunity and welfare conditions, today and tomorrow, equally in the aspirations of man and his basic needs, as well as respect for the environment in which he interacts. SD is also a stated aspiration of governments, organizations and society in general, in regard......

Words: 9085 - Pages: 37

Premium Essay

Carnival Corporation Growth Strategy

...Academic Report on Strategic Management by Diana Romanova 100878 Strategy & Communication EHM3.SC-02 December 10, 2012 Abstract The purpose of the report is to discuss the current strategy of the Carnival Corporation, the world leader in the cruise industry. Based on the external and internal situation analysis the new growth strategy is formulated. The recommendations on the strategy implementation and evaluation are provided by terms of the various strategic theories and models. The projected internationalization strategy may result in the improvement of the financial business situation, by increasing the corporation’s profit margins and shareholder value, and non-financial indicators, for example, brand awareness. Moreover the company can adapt the proposed scenario for entering new markets in the future. 2|Page Table of Contents Abstract ...................................................................................................................................... 2 Introduction ................................................................................................................................ 4 Situation Analysis ...................................................................................................................... 5 Strategic Direction ..................................................................................................................... 6 Formulating a strategy ..............................................

Words: 3764 - Pages: 16

Free Essay

Whales and Fish

............................................... 4 Marine Mammals: Threat to Food Security? ............................................................................ 7 The ‘whales-eat-our-fish’ argument ........................................................................................... 7 Flaws of the argument................................................................................................................. 7 Political success of the ‘whales-eat-our-fish’ lobby ................................................................. 10 Globalization of Fisheries: A Real Threat to Regional Food Security................................... 12 Competition at the sea............................................................................................................... 13 Competition in the market ........................................................................................................ 14 Globalization of ‘fishprint’...

Words: 14391 - Pages: 58

Free Essay

Caribbean Human Development Report

...Caribbean Human Development Report 2012 Human Development and the Shift to Better Citizen Security Caribbean Human Development Report 2012 Human Development and the Shift to Better Citizen Security Copyright © 2012 by the United Nations Development Programme 1 UN Plaza, New York, NY 10017, USA All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without prior permission. ISBN: 9789962688082 Website: http://www.regionalcentrelac-undp.org/en/hdr-caribbean Editors: Robert Zimmermann, Carol Lawes and Nanette Svenson Cover design: Timothy Bootan and Juan Manuel Salazar Design and Layout: Miguel Nova y Vínculos Gráficos Printed in Panama by Inversiones Gumo, S.A. For a list of any errors or omissions found subsequent to printing please visit our website. No consultation has been carried out in Guyana. The data on Guyana have been obtained through public sources and the UNDP Citizen Security Survey 2010. Caribbean Human Development Report 2012 Helen Clark Administrator United Nations Development Programme Rebeca Grynspan Associate Administrator United Nations Development Programme Heraldo Muñoz Assistant Administrator and Director of the Regional Bureau for LAC United Nations Development Programme Freddy Justiniano Director a.i. Regional Centre for LAC United Nations Development Programme Niky Fabiancic Deputy Director......

Words: 19519 - Pages: 79

Free Essay

Biograghyy

...ROYAL CARIBBEAN CRUISES LTD. 2008 Annual Report ANCHORED IN EXCELLENCE We always provide service with a friendly greeting and a smile. * We anticipate the needs of our customers. * We make all effort to exceed our customers’ expectations. * We take ownership of any problem that is brought to our attention. * We engage in conduct that enhances our corporate reputation and employee morale. * We are committed to act in the highest ethical manner and respect the rights and dignity of others. * We are loyal to the Royal Caribbean Cruises Ltd. family of companies, and strive for continuous improvement in everything we do. * B efore 4 97 $175 98 $331 99 $384 00 $445 01 $254 02 $351 03 $281 04 $475 05 $663 06 $634 07 $603 08 $574 97 $2,019 98 $2,455 99 $3,261 00 $3,616 01 $3,757 02 $4,035 03 $4,263 04 $4,805 05 $5,554 06 $6,092 07 $6,757 08 $6,803 95 $149 94 $137 93 $107 92 $ 61 91 $ 90 $ 52 89 $ 42 88 $ 14 96 $151 SH AREHO L DERS ’ EQ UI TY ($ millions) 96 $1,085 95 $ 965 94 $ 846 93 $ 733 92 $ 464 91 $ 404 90 $ 400 89 $ 348 88 $ 295 c umulative effec t of a c hange in ac c o u n t in g p r in c ip le 08 $6,533 07 $6,149 06 $5,230 05 $4,903 04 $4,555 03 $3,784 (dollars in thousands, except per share data) 02 $3,434 Total Revenues Operating Income Net Income Earnings Per Share (diluted) Shareholders’ Equity 01......

Words: 52761 - Pages: 212

Premium Essay

Fair Trade

...Globalizations June 2008, Vol. 5, No. 2, pp. 259 –274 Are Sustainable Coffee Certifications Enough to Secure Farmer Livelihoods? The Millenium Development Goals and Nicaragua’s Fair Trade Cooperatives ´ ´ CHRISTOPHER M. BACONÃ , V. ERNESTO MENDEZÃÃ , MARIA ´ EUGENIA FLORES GOMEZÃÃÃ , DOUGLAS STUARTÃÃÃÃ , & SANDRO ´ ´ RAUL DIAZ FLORESÃÃÃÃÃ Ã University of California, Santa Cruz, USA University of Vermont, USA ÃÃÃ ´ Asociacion de Mujeres Contra La Violencia, Oyanka, Jalapa, Nicaragua ÃÃÃÃ Universidad Nacional Autonoma de Nicaragua, Nicaragua ÃÃÃÃÃ ´ ´ CII-ASDENIC, Edificio Casa Estelı, Estelı, Nicaragua ÃÃ ABSTRACT In December 2001, green coffee commodity prices hit a 30-year low. This deepened the livelihood crisis for millions of coffee farmers and rural communities. The specialty coffee industry responded by scaling up several sustainable coffee certification programs, including Fair Trade. This study uses household- and community-level research conducted in Nicaragua from 2000 to 2006 to assess the response to the post-1999 coffee crisis. A participatory action research team surveyed 177 households selling into conventional and Fair Trade markets in 2006. In an effort to dialogue with specialty coffee industry and mainstream development agencies, results are framed within the context of the United Nations Millennium Development Goals. Findings suggest that households connected to Fair Trade cooperatives experienced several positive......

Words: 8382 - Pages: 34

Premium Essay

Esrgt

...UNDERGRADUATE REGULATIONS & SYLLABUSES 2014 - 2015 THE FACULTY OF SOCIAL SCIENCES TABLE OF CONTENTS MESSAGE FROM THE DEAN ............................................................. 3 UNDERGRADUATE PROGRAMMES ................................................ 4 ACADEMIC CALENDAR 2014-2015 ................................................ 5 DEFINITIONS ...................................................................................... 13 GENERAL INFORMATION & REGULATIONS .............................. 14 General Regulations for Bachelor of Science Degrees 14 Special Regulations for Degrees in Hospitality and Tourism Management........................................................... 27 Franchise Agreements .......................................................... 27 EVENING UNIVERSITY -GENERAL INFORMATION & REGULATIONS ................................................................................... 28 General Regulations for Bachelor of Science Degrees 28 General Regulations for Diploma Programmes ............ 36 General Regulations for Certificate Programmes ......... 37 STUDENT PRIZES .............................................................................. 38 CODE OF CONDUCT ........................................................................ 39 UNIVERSITY REGULATIONS ON PLAGIARISM .......................... 40 THE ACADEMIC SUPPORT/ DISABILITIES LIAISON UNIT (ASDLU) ..............................................................................................

Words: 77086 - Pages: 309

Premium Essay

Corporate Social Responsibility: a Comparative Study on Fmcg Sector

...Assignment On: “Corporate Social Responsibility: A Comparative Study on FMCG Sector.” SUBMITTED TO: Sabrina Hoque Chowdhury Lecturer, UIU School of Business & Economics SUBMITTED BY: Group : A Section : NQ School of Business & Economics, UIU DATE OF SUBMISSION: 31-03-2013 United International University Group Details: NAME | ID | PERCENTAGE | Jobayda Akter | | 20% | Tumpa Datta | | 20% | Farhad Hossain | | 20% | Md. Mesbahul Islam | | 20% | Md. Naymur Rahman | | 20% | Table of Contents: No. | Name of Topic | Page No. | 1. | Introduction | 4 - 5 | 2. | CSR impact on Economy of Bangladesh | 5 - 6 | 3. | Sector overview | 7 - 7 | 4. | Company overview | 8 - 18 | 5. | Comparison | 19 - 19 | 6. | Recommendations | 19 - 20 | 7. | Conclusions | 20 - 20 | Introduction: History: CSR is about how companies manage the business processes to produce an overall positive impact on society. The phrase Corporate Social Responsibility was coined in 1953 with the publication of Bowen's 'Social Responsibility of Businessmen', which posed the question 'what responsibilities to society can business people be reasonably expected to assume?. Writing on the subject in the 1960s expanded the definition, suggesting that beyond legal obligations companies had certain responsibilities to society20. In 1984, the celebrated management consultant Peter Drucker wrote about the imperative to turn social problems into economic......

Words: 7464 - Pages: 30

Premium Essay

Industrial Relations in Asia Pacific Region Curtin

...Curtin Business School School of Management CURTIN UNIVERSITY Singapore Campus 9797 Industrial Relations in Asia pacific region 302 Trimester 2014 Assessment 2: Individual report Name: Jeremy Tan Wen Cheng (17329381) Origin: Singapore Qualifications: Dip in Engineering, Current: Bach in Commerce International Business Date: 19 September 2014 Words: 2965 (Excluding Executive Summary, In text Citation) Question: Research, Analyse and Debate Exists a linkage between the exploitation of children, as a source of labour, and globalisation in both developing and industrialised countries? Table of Content Executive Summary…………………………………………………………………………...3 1. Introduction…………………………………………………………………………... 5 2. Discussion……………………………………………………………………………. 5 2.1 Definition: What is child labour? ..................................................................... 5 2.2 Definition: What is globalisation? ………………………………………….... 6 2.3 Difference between developing and industrialised countries……………........ 6 2.3.1 Facts and background of India and Germany ………………………………... 7 2.3.2 ILO Convention no. 138 …………………………………………………….. 8 2.3.3 Perception of child labour in society ………………………………………… 8 2.3.4 Laws and how they are executed……………………………………………... 9 2.4.1 School attendance rate ……………………………………………………… 10 2.4.1 School drop-out rate ………..………………………………………………. 10 2.5.1 Structural change and the state of economy………………………………… 11 2.5.2 Digression to historical......

Words: 4208 - Pages: 17