...3372817 Tutor: Mr. Peter Hayes Topic: Using examples from two countries write a business report on how globalisation is changing relationships between government, business and civil society? Discuss with specific reference to the topic of power. EXECUTIVE SUMMARY The report is commissioned to examine the relationship between government, business and civil society under the impact of globalization. Taking education industries in Australia and Vietnam as examples, the positive and negative impacts are clarified which in turn show the change in power battle. Some definitions firstly are introduced to state that globalization is connecting economies, societies, polities and cultures together and it affects in all aspects. Thanks to it, education has changed vigorously compared to the past, diversified itself to many forms and expanded across border. Basing on the strongly development of globalization, plus the impact of cutting fund from government, many Australia universities view transnational education as a possible solution. Number of offshore campuses grow dramatically in South Asian. The examples show that, offshore campuses bring huge amount of revenue to Australian transnational education providers as well as strengthen Australian economy through tax. In addition, it helps many universities save money thanks to low cost operation in developing countries. Finally, through education, society takes advantage of globalization through brain gain. Meanwhile, Vietnam suffers...
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...Globalisation and Rising Inequality in Australia Is Increasing Inequality Inevitable in Australia? Tom Conley Griffith University Introduction I want to dedicate my government to the maintenance of traditional Australian values. And they include those great values of mateship and egalitarianism.1 10 years ago a Mitsubishi type development would have flattened people psychologically. Now they take it in their stride … 2 Policy-makers and commentators have long been cajoling Australians into accepting that they are a part of the global economy, which means an acceptance of a whole range of ‘new realities’. One of the major themes of the pro-globalisation position is that Australia has accepted these new realities and adjusted well to globalisation by embracing economic liberalism. The results, it is argued, have been overwhelmingly beneficial. John Howard points out the Australian economy has grown for fourteen years straight – a remarkable achievement by any standards. This success story of growth has tended, however, to override more disaggregated, negative analyses of social outcomes in Australia. A less sanguine part of this new globalising ‘reality’ appears to be an acceptance of rising inequality. Indeed, it is often implied that rising inequality is a spur for growth. The argument is that everyone is better off, it’s just that some people are better off than others. While commentary is often not explicit about the association of globalisation and rising inequality...
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...Globalization Name: Institutional affiliations: This paper focuses on highlighting how the processes of globalization have changed the experiences of growing up and being educated in for the adolescent children aged 12 to 15 in Australia. Globalization is the process by which organizations and businesses establish international relations through the exchange of world business views and ideas, culture and products with other nations of the world. These businesses and organizations then start to operate and trade on an international scale. Globalization can be attributed to advances in the industrial sector, changes in the transportation and telecommunication systems, infrastructural changes, and the rise in the internet culture and development. The interplay of these forces in politics, religion and economies influence the economic trends of each country. Some of the social effects of globalization to the world economy include: poverty reduction due to increase in the wages and employment rate in the participative developing countries, improved healthcare provision due to the registered decline in the maternal and infant mortality rates, the provision of better educational standards, in line with the global millennium developmental goals. However globalization has also been viewed as a key in increasing the unemployment rates in the third world countries due to massive sacking of workers, high poverty rates and low income generation among the working...
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...Globalization has benefited developed countries more than developing countries. To what extend do you agree with this statement? Globalization is widely discussed subject. Therefore, it is not that easy to explain such a complicated term in simple words. The advancement in technology such as mobile phones, airplanes, telephones and the internet have made the growth of transport and communication networks possible and more convenient. This means that people and countries can exchange information and goods more quickly and in a less complicated way. This is called globalization. Since, there is an active trade among countries, the products that are manufactured are affordable. The products can be purchased by more people since they are priced cheap. However, the trade of economic goods and products are not only the matter that takes place, but also services, knowledge, cultural goods and even languages. Simply, globalization can be described as the borders being removed so that countries become economically, socially and politically interdependent on one another. There are both benefits and consequences to globalisation for developed and developing nations which impact aspects of society such as employment, level of foreign investment, brain drain/gain and aid (UNESCO, 2014). Globalization has helped countries to developed greatly in all the economy and society. Researchers from different parts of the world have gone through this topic and there are some of them who believe...
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...through contemporary context. Overview of organisation When discussing globalization it is critical to emphasis the importance a multinational corporation holds over the international business environment. A Multinational corporation (MNC) is an organisation that has registered facilities and assets in business endeavors in more than one country. MNC’s are highlighted for their success in incorporating products, ideas and cultures from more than one country in order to achieve a common goal. With reference to the definition of a MNC, British Petroleum (BP) is undoubtedly a MNC as it undergoes its business ventures throughout the entire world and in countries such as China, Australia, Canada and Mexico. A key aspect of MNC’s is to multi nationalize every aspect of your organisation when aiming to expand internationally, BP are successful in ensuring that every branch of BP around the world has the common sustainable goals. BP has a direct correlation in Foreign Direct Investment (FDI). A FDI is when an organisation finances into production or business ventures in an external country to the one they are operating in. There are many forms of FDI, however, BP are directly investing through expanding their own operations in another country. This is clearly evident through operations that began close to hundred years ago in Australia. BP searched from crude oils and natural gases that Australia possesses in order to expand their...
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...Chapter 1 INTRODUCTION: GLOBALIZATION AND INTERNATIONAL TRADE We live in a world that is highly interconnected by a bewildering array of complex economic transactions, social and environmental problems, and international political collaborations and conflicts. Examples from global economics are found in the news everyday. A decision by American policymakers to subsidize the production of ethanol, a form of gasoline containing an additive produced from corn, is seen by many as a key reason that grain prices are high around the world. The spectacular emergence of China as a major exporter of manufactured goods has affected wages in both rich and poor countries. As large corporations, such as Microsoft, Intel, Toyota, General Electric, and Siemens have expanded their investments in affiliates in many nations around the world, they have built global production networks that share technological knowledge across locations to produce increasingly complex goods that could be sold anywhere. Today, a major cultural product, such as a Hollywood movie or a jazz band’s latest compact disk, is likely to employ creative personnel from around the world, with various components of the product recorded, mixed or edited in different locations. The importance of international connections in trade, investment, and skilled services can be illustrated by considering the apparently simple act of making and bringing to market an item of apparel, say a fashionable woolen men’s suit. The initial task...
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...1.0 Introduction Hospitality as an industry is very broad and ranges from multi-national corporations to single-person enterprises. The hospitality industry in Australia is responsible for over 80 different types of jobs. The various sectors in Australia’s hospitality sector include tourist services, events, travel services, visitor attractions, bars pubs and night clubs, membership clubs, holiday parks and gambling. The country’s hospitality industry has over 13,000 different firms providing more than 400,000 job opportunities to the country’s citizens. The hospitality industry in Australia contributed a total of 2.8% of the country’s GDP in 2013, and the sector employs 3.5% of the total workforce in the country. Tourism, a major sub-sector in Australia’s hospitality industry is made up of both foreign and domestic tourists. Foreign tourists account for 30% of the country’s tourists while the remaining 70% is usually covered by local tourists. 2.0 Market structure Australia’s hospitality industry operates under a monopolistic type of competition. Under monopolistic competition, there are usually many firms offering the same products to consumers. The services and products from firms in a monopolistic competition are usually differentiated to create a competitive edge (CHON & MAIER, 2010, p. 14). Monopolistic competition is different from perfect competition because, goods and services from firms in a monopolistic competition are not usually the same, a case that is the opposite...
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...Starting a technology company in Tasmania Australia Western International University International Business INB 300 March 25, 2009 No doubt everyone is familiar with a computer or sorts, either it are at work, home or right in their very hands. Today’s society requires that we establish and continue to maintain a familiarity with computer through all different kinds of electronic devices. Without information that is passed between individuals, organizations and in this case a startup technology company, there would be no use for electronic devices. Information, or pieces of information called data, is moved around the world at what seems the speed of light. Imperative as it seems more so now a days from sales agents to the average Joe information needs to be accessible in seconds. Having the accurate information as well having the ability to organize and recall data about a particular subject is part of this papers makeup. The other portion of this paper is establishing a set of plans for the business to come into its own. Through discussing what type of technology and product along with a business plan to set this business in motion in Tasmania Australia is the focus of this paper. A start-up company’s way of making sure they become viable and a respected entity is through having a solid product and business plan. For this instance the technology company being discussed centers around the warehousing of data from clients. Data warehousing is the secure...
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...Management: Managing Across Borders and Cultures, Text and Cases, Seventh Edition SEVENTH EDITION FEATURES • Streamlined text in eleven chapters, with particular focus on global strategic positioning, entry strategies and alliances, effective cross-cultural understanding and management, and develop- ing and retaining an effective global management cadre. The seventh edition has been revised to reflect current research, current events and global developments, and includes company examples from the popular press. In Chapter 1, we introduce trends and developments facing international managers and then expand those topics in the context of the subsequent chapters. For example, we discuss developments in globalization and its growing nationalist backlash— in particular resulting from the global financial crisis. We discuss the effects on global business of the rapidly growing economies of China and India and other emerging economies such as those in Africa, and the expansion of the EU; the globalization of human capital; and the esca- lating effects of Information Technology and the global spread of e-business. We follow these trends and their effects on the role of the international manager throughout the book. For exam- ple, in Chapter 6 we focus further on strategies for emerging markets, while also dealing with changing strategies to respond to economic decline around the world and an increasing level of nationalism in some industries; we have a section on “Using E-Business...
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...Globalization is a word that we will hear from everyone lip’s especially businessmen and politicians. Based on the economic terms, globalization is a growth of a smaller business or services to the worldwide scale which will or will not include political or cultural implications.Nowadays a lot of (SMEs) want to gain profit by expanding their business worldwide. It’s hard for (SMEs) to expand since there are a lot of huge companies outside but it is not impossible. Company can expand its business globally through the phase modal of globalization which are exporting, cooperative contracts, strategic alliances, wholly owned affiliates and global new ventures. As a manager of the company they must understand what make them success or else they will fails. Difference companies have different opinion on the way to expand the business worldwide. The purpose of this essay is to prove that exporting is the best way for small and medium-sized enterprise (SMEs) to enter the international market. Small and medium-sized enterprises (SMEs) are usually company that have lesser than 500 employees(OECD,2002)and compare to the (MNEs) they are lack of resources(tangible and intangible) as well as managerial and financial understanding (Brouthers, L et al. 2009). North America, Europe and Asia small business are very popular and they contributed to over 50% of the GNPs.(Yang, 2012). One of the five modes of entry into the international business is cooperative contract. Licensing and franchising...
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... | |11/10/2013 | | | | | Essay Introduction The targeted industry on which the effect of globalization will be studied is the garment industry, and the two companies which we will study in this regard are Zara and H&M. All the top garment industries notability Zara and H&M are doing a fine job in the garments industry as they have adopted well-defined quality standards. There is a diverse research made on the garments and fabric business as they do change with respect to the trends and fashion. Both H&M and Zara are strategically safe players and they have all what it takes to be the front runner in the market. Their stores are in the different areas of the world and most specifically in the main and posh markets. Globalization brings about your extension associated with overseas ethnical, financial, along with political actions (Boudreaux, 2008). As folks, concepts, understanding, along...
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...Introduction Following the growth of globalization of economic and business, the international labor become increasingly significant for Australia. In the past. As you are no doubt aware, a company in Australia who has sponsored in the past, would be more open to sponsoring again in the future, as they are already comfortable with the sponsoring process. Australian companies who have advertised jobs in Australia with 457 visa sponsorship, are also likely to have been pre-approved by the Department of Immigration in Australia, as a qualifying 457 visa sponsoring organisation. Anyway, the subclass 457 visa program is designed for people who want to work temporarily in Australia. This program allows applicants to work for up to four years for a sponsoring employer and is restricted to people seeking to be employed in skilled occupations. There are three processing stages: sponsorship, nomination and visa application(Settle, 2011). This is the most commonly used program for Australian employers to sponsor overseas workers to work in Australia in skilled positions on a temporary basis. There are also special arrangements for employers in regional areas across Australia which allow them to sponsor workers into less-skilled positions that are not otherwise open to workers in cities and non-regional areas. So you are in Australia and have been working on your working holiday visa for an employer for 4 months or so, know that your 6-month limitation on working for the...
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...Globalization of Health Care Principles of International Business (BUS301.90) Post University Abstract For leaders in business and those few economic elite members, globalization is virtuous. Low-cost labor overseas facilitates production facilities in locations where labor and healthcare costs are low, and sell the finished goods in nations where wages are high. With the exception of the United States, almost all wealthy nations provide universal health care. These provisions are challenging due to increasing costs, as well as social, political, economic, and cultural environments. Globalization of Health Care Numerous global industries have resulted in offshore operations; the medical industry has become not dissimilar. With modern developments in technology in recent years, outsourcing of medical procedures has become a reality. The internet has vastly expanded the realm of possibilities for the medical industry, and has made it possible to transmit large amounts of information to countries; such as India, where it is then processed and returned. The United States has some of the highest costs for medical care globally; which has led to its’ citizens to search for economic alternatives. Outsourcing medical procedures to medical professionals in nations with lesser pay would undoubtedly benefit consumers; however, the United States holds a higher standard of care than those where treatment standards may not take precedence. This process would then take some...
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...desired state, economy is a crucial external factor to make decisions. Issue 1. What ‘s the trend of economic growth patterns effects the supermarket and grocery industry? Issue 2. What the impact of monetary and fiscal policy to Australia market, such as interest rate, foreign exchange rates, and taxation? 1. The economy of Australia is a large mixed market (‘Let’s make poverty history – for real, this time’ 2014). Appendix 1 (Hatfield-Dodds et al. 2015) shows economy of Australia is growing actively. However, under the financial crisis situation, foreign and domestic factors matter for uncertainty in Australia (Moore 2016). Gopinathan (2007, pp. 53-70) stated that ‘globalization’s effects can be seen in greater internationalization’. Globalization in this industry is low and the trend is increasing (Tonkin 2016). The wealth economic drives consumption. However, the active market means it has intense competition in Australia. For example, Woolworths, Coles, Aldi and other stores. Thus, Australia is a dynamic market for Giant to enter. It is hard to consider it as an advantage or a disadvantage. For now, low interest rates are supporting demand, the exchange rate has been adjusting to the evolving economic outlook (Reserve Bank of Australia 2016). Available data suggested that the economy had continued to grow at a slightly below-trend pace (Trading Economics). In the perspective of food price, the Australian dollar price lower and the high demands from overseas leads to...
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...The globalization of businesses has become very common today, when compared to the past. Companies have started branching out to different countries in order to expand their business using the advanced technology - the Internet. Understanding their respective culture is very crucial to develop an establishment in any country. The working style and method varies from country to country based on their culture. There is always a scope of conflicts due to culture variations. The article “Impact of cultural intelligence level on conflict resolution ability” talks about the importance of cultural intelligence level and how this helps to resolve the conflicts. “Therefore, this model presents that a higher level of cultural intelligence positively affects and predicts whether an individual will select an appropriate conflict resolution strategy fitting for the cultural backgrounds of those involved in the conflict” (Ramirez, 2010, p. 2). The author starts off with briefly discussing why it is so important for the business leaders to use different conflict resolution strategies using the cultural intelligence level of the persons involved in the conflict. The author first described the gaps in the current studies of “impact of culture intelligence level in resolving the conflicts” and then explained how the current model would fulfill those gaps. This model helps leaders to prepare different strategies and to use the correct strategy based on the cultural intelligence level of...
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