Premium Essay

Impacts of Globalisation on Policy Making

In: Business and Management

Submitted By talal27
Words 2010
Pages 9
oduction B. − − − Are governments prepared to operate effectively in an international policy environment? How can the impacts of globalisation on democratic processes be managed to protect core values such as accountability, responsiveness, and transparency? What future do governments envisage for "global governance"? From Autonomy to Influence -- preparing for a global policy role THE IMPACTS OF GLOBALISATION ON POLICY-MAKING 1. Globalisation has changed the context in which governments operate. Even traditionally domestic issues are increasingly influenced by international actors and international events that are beyond national governments' ability to control, either individually or collectively. This has evoked a good deal of hand-wringing and fears that national policy autonomy -- or even national sovereignty -- is being undermined. These fears, while important, may be short-sighted. While globalisation poses many challenges for national governments, it also holds many opportunities. International co-operation offers new opportunities to improve overall policy effectiveness and to address common policy dilemmas. But are national governments adequately equipped to manage the problems and reap the benefits of globalisation? 2. The following discussion examines the impacts of globalisation on policy making1. It raises questions related to three main themes: 3. may international interest groups, the global newsmedia, multinational enterprises and the vagaries of globalised financial markets all influence the demands on governments and the policy options available to them. Participation in international organisations or the adoption of international agreements -- in effect, a voluntary pooling of sovereignty -- can further reduce policy-makers room to...

Similar Documents

Premium Essay

Globalization

...GLOBALIZATION: BOON OR BANE INTRODUCTION Globalisation can be defined as the growing economic interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows through the rapid and widespread diffusion of technology. The fact that is important in today’s globalisation that really matters is that the accelerating speed is very fast. In the past it takes years or decades for influence to be passed for such an impact to be made. But today the influences or transmission of culture values, language, economy and administration can take place within months. This is the major difference. So globalisation is the transmission or extension of values, goods, services, thought or culture across border and it occurs with accelerated rate. The drivers for this accelerated speed are the technology and economic liberalism and the free movement of people. The nature of capitalism was such that entrepreneurial talent would not be constrained by geographical and legal boundaries. The growth of a dynamic trade system and the consequent development of classical payment arrangements like the gold standard have been seen by political economists as early yet decisive pointers towards the globalisation of the world economy....

Words: 8031 - Pages: 33

Free Essay

To What Extent Can Government Policy Towards Uk Manufacturing Have a Significant Impact on Manufacturing’s Contribution to the Economy?

...This essay answer looks at the reasons why, and how significant government policies are as a cause. Manufacturing plays a crucial role in the competitiveness of the UK economy. Despite this, for far too long government policy has neglected manufacturing. During this period of neglect British manufacturing firms have repositioned themselves away from price-based competition more towards forms of non-price based competitiveness. The recent re-shoring of manufacturing to the UK is the start of a much needed trend. The University of Birmingham is funding a two year research project entitled ‘Regeneration Economies: Transforming People, Places and Production’. This project is exploring new policy solutions that will support British manufacturing. There is a need to develop a much better understanding of regional and national economies. High value manufacturing firms no longer sell products, but many solutions combine manufactured products with embedded services. Thus, a manufacturing policy must be simultaneously a service policy. There is a need to encourage universities and colleges to provide courses that blend technical training with an understanding of services, this is where the government comes in, by making these changes to education The Regeneration Economies project is also exploring major developments in engineering that have the potential to transform the economics of regional economies....

Words: 818 - Pages: 4

Premium Essay

Globalisation

...Economic and political globalisation has improved the cultural and technological process in recent decades. Cultural globalisation is the increase in the swapping of cultural traditions between nations and individuals. New technologies such...

Words: 1186 - Pages: 5

Premium Essay

Influences on Operations

...Influences on operations management include: Globalisation, quality expectations, actions of competitors, technology, government policies, legal regulations and environment sustainability. One of the main influences on operations management is globalisation. Globalisation refers to the removal of trade barriers between nations, and is defined as the integration and interdependence of national economies forming a global economy. Integration means joining together through trade, deregulation and technology. The reasons for this are that businesses can drive costs down and exploit the competitive advantage each region has to offer. Apple recognised early advantages of globalisation and implemented various strategies to expand internationally resulting in the development of stores which operate in over 30 countries now. Additionally, globalisation has allowed Apple to globally source materials/inputs and achieve cost advantages by producing on a larger scale through economies of scale. By understanding the influence of globalisation, Apple...

Words: 989 - Pages: 4

Premium Essay

Ausmat

...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....

Words: 11217 - Pages: 45

Free Essay

Empowerment

...Empowering women KALPANA KANNABIRAN writes on a government policy which incorporates the major concerns and issues that the women's movement has been engaged with over 25 years.THE National Policy for the Empowerment of Women 2001, is an attempt to institutionalise the gains of women's movements across the country. Taking the Constitution as its point of departure, the National Policy outlines the historical context within which it is located, which interestingly, is the historical context of the women's movement as well: the international conferences from Mexico (1975) through Nairobi (1985) to Beijing (1995) and the follow up on Beijing; the women's movement and the widespread network of non-government organisations with a mass base; the landmark "Status of Women" documents in the country - Towards Equality and Shramshakti. The objectives and goals of the National Policy include the creation of an enabling environment for women through economic and social policies, active protection of rights, equal access to decision making and social sector needs, strengthening institutional support systems and legal machinery, and forging partnerships within civil society. In short, the active and committed elimination of all forms of discrimination against all women. These objectives, the Policy affirms will be realised through a review and formulation of positive measures in the judicial legal system, decision making, through the economic and social empowerment of women....

Words: 1552 - Pages: 7

Premium Essay

Tesco

...Global Policy and Strategy The impact of globalisation: A case study on Tesco Plc. Submitted by: Ferdous Ahmed AL Mamun B00676737 Abstract Globalisation has been removed geographical barriers among the countries and allow an unrestricted international trade. It refers to the integration of world economies, share of technology and knowledge, inflow and outflow of foreign capital. Reduction of tax and tariff, easy enter into the foreign market, easy transportation impacted large domestic company. Now they seek possible opportunity in the foreign market and no longer national but multinational. The intension of this paper is to explain the impact of globalisation on Multinational Corporation. This study selected a multinational company ‘’Tesco Plc.” From food retail industry. And study explores how globalisation impacted Tesco Plc. On their international market, global policy, market competition etc. Table of contents 1. Introduction……………………………………………………………………………… 4 2. Market Drivers………………………………… ………………………………………. 4 3. Competitive Drivers………………………………………………………… …………. 5 4. Cost Drivers…………………………………………………………………… ……… 6 5. Government Drivers…………………………………………………………… …… 7 6. Conclusion…………………………………………………………………… ……….. 8 7. References………………………………………………………………… …………. 9 1. Introduction Globalisation is not a new phenomenon, but it is process by which world is becoming interconnected....

Words: 3590 - Pages: 15

Free Essay

Economic Development

...Even though globalisation is often viewed as positive we have discovered that this is not always the case in relation to its effects in Nigeria. Judging from our analysis, globalisation through the IMF and Shell has had an overall negative impact on Economic Development. However, Shell is attempting to act more responsible by adjusting its position in order to have a more positive impact on Economic Development. On the other hand, the IMF has not adapted to Nigeria but...

Words: 22560 - Pages: 91

Premium Essay

The Benefits Of Globalization

...Introduction Globalisation is defined as a set of social processes that embodies a transformation in the spatial organization of social relations and transactions – assessed in terms of their extensity, intensity, velocity and impact – generating transcontinental or interregional flows and networks of activity, and the exercise of power . When Stiglitz made reference to the enormous benefits that globalisation is supposed to bring, the starting point surely is the new international economic order assembled in Bretton Woods in 1947. There, the United States and Great Britain, the major economic powers of the global North, made a firm commitment to expand international trade and to establish binding rules on international economic activities....

Words: 2791 - Pages: 12

Free Essay

Human Geography Dictionary

...Essay on impact of Globalisation: Has Globalisation brought about more benefits or ills to countries around the world? Explain your answer. I think Globalisation has brought about more ills than benefits, even through it has brought about many benefits to countries around the world. However, there are countries that have benefitted from Globalisation and we will examine this from the economic, social and environmental aspects. Firstly, the economic aspect of globalization has brought about an improved standard of living for many people. As countries participate in trade and open their doors to investments, more money is earned and thus this revenue is channeled to the development of facilities such as healthcare, education and infrastructure that benefit the people and thus increase their standard of living. Moreover, Singapore’s pro-Globalisation policy has lead to an increase in the average household income from $4940 in 2000 to $5400 in 2005, and this has allowed the people to improve their lifestyles. Furthermore, with free trade, there is a greater variety of goods available to the people and they benefit from the wide range of choices available. (+ ve) Globalisation also creates competition among countries in terms of investments and markets as they compete for Transnational Corporations (TNCs) to invest in their countries....

Words: 1135 - Pages: 5

Premium Essay

Business Environment

.... • Whilst organisations have some control over their internal environment, the external environment is more volatile (e.g. technological change), and wide ranging and this makes decision making more difficult. • The uniqueness of organisations means that each one is affected to different degrees by external environmental factors. 1.2.2 Explain the influence of shareholders on the internal environment of an organisation: •...

Words: 4776 - Pages: 20

Premium Essay

Globalization

...Globalisation is the procedures by which the people around the world become connected to each other in all aspects of life, culturally, technically and politically, economically and environmentally. Globalization assists improving technology that benefits many people in throughout the world. By increased the spread of cultures, trade, information and creating options, Globalization can be highly beneficial to everyone by bestowing great fortunes on us. This essay will highlight some of positive and negative effects of globalization. Globalization is the ‘international integration” or ‘de-bordering’ – “a number of highly disparate observations whose regular common denominator is the determination of a profound transformation of the traditional nation-state”(Bogdandy, 2004).Those in favor of globalization argue that it connects different people from different cultures and backgrounds together. Proponents argue that globalization improves the lives of people around the world. But this is not the case. Globalization is negatively hurting small countries and their...

Words: 1889 - Pages: 8

Free Essay

Globalisation and Sovereignty

...(Ballam and Dillman, 2011, p7) To place globalisation within the context of IPE, one must view the concept in terms of the causes and effects of the world market economy, the relationship between 2 economic and political change, and the significance of the world economy for domestic economies (Gilpin, 2003, pp 13-14). Globalisation is a multifaceted concept, and as such, is difficult to precisely define. I have used several different sources in order to give some depth to its description. Globalisation refers to the spread of communication, commercial and transportation networks across the world and the increasing rapidity with which...

Words: 3076 - Pages: 13

Premium Essay

Globalisation and China

...Romana 2014 For an economy other than Australia analyze the influence of globalisation on that economic development and standard of living. This document is about how china has been transformed by globalization. The impact of globalization as well. Globalisation is breakdown of manmade and natural barriers. It encourages integration and interdependence through the movement of labour, investment, finance, transnational corporation and trade. The emergence of countries is leading to global market place or single world market. Globalisation is ongoing since 1980s.This is resulting in one global market. Globalisation helps firms grow as investments are quickly managed. This is due to improvement in telecommunication between nations. This has allowed investors to invest overseas. It also caused an increase in international investment, which helped spread new ideas. Financial flow is a flow of money around the world it is increasing rapidly because of financial deregulation. Finance and technology move freely between nations while free movement of labour is stretched way off. The last few decades have been centred on removal of all trade barriers. The goal is not free trade but it is freer trade. Through the reduction in barriers it is improved in transportation system. The integration between nations has caused to problems such the GFC, Asian crisis and Euro crisis. Over the past labour markets have been increasingly integrated....

Words: 1831 - Pages: 8

Premium Essay

12334567

...Bond University ePublications@bond Corporate Governance eJournal Faculty of Law 4-12-2007 Corporate Social Responsibility: Impact of globalisation and international business Kim Kercher Bond University, Kim_Kercher@bond.edu.au Recommended Citation Kim Kercher. (2007) "Corporate Social Responsibility: Impact of globalisation and international business" ,, . http://epublications.bond.edu.au/cgej/4 This Journal Article is brought to you by the Faculty of Law at ePublications@bond. It has been accepted for inclusion in Corporate Governance eJournal by an authorized administrator of ePublications@bond. For more information, please contact Bond University's Repository Coordinator. Corporate Social Responsibility: Impact of globalisation and international business Abstract [Extract] Corporate Social Responsibility (CSR) is associated with the conduct of corporations and in particular whether corporations owe a duty to stakeholders other than shareholders. Whilst the phrase ‘Corporate Social Responsibility’ may be gaining momentum, the concept itself is not new. The question as to whether corporations owe duties to broader stakeholders has been debated at various times throughout the twentieth century....

Words: 6423 - Pages: 26