LIBERALIZATION AND GLOBLIZATION
WORLD BUSINESS ENVIRONMENT
Globallization has created a world with intigraterd system that make it easier for people to interact and co0nduct business internationally . economic liberation and globlizatyion are conduct goiod for economics groth , poverty alleviation and reducing inequaty in society. Globl;ization creats oppoturities and open mqrket for countries and which helps in closdoing the gaps created and open market for contries and within socities by creating opportunities for groth ann development .all organizations wiyh a global presence work ou different strategies to reduce world of international business. International institution like the world trade organization| World Business Environment
(wtop), the international monetary fund (IMF) and the world bank works towards the smooth function of the international monetary system, establish fair trade practice and give recommendations to develioping countries in creating tyrade –relatred n reforms.
LIBERALIZATION AND GLOBLIZATION
World Business Enivroment
Globlization can be defined as a process of making something world wide in its scope or application , globalization include a set of process which leads to then integration of economic, culture, political and system across geographic boundaries. The main aim of globalization is it to make the procty or service successful in many countries withoudoing any modification . in terms of international business, globalization refers to tha international exchange or sharing of labour forces, nproduct ideas and knowledge, it can also be defined as the efforts of business to expand their operations to new countries business. Then process of globalization is become very comman in internaqtionasl business because of the bthe incesing international of the world market of goods, services and capital.
LEVELS OF GLOBLIZATION
World Business Enivronment
Globliozation most often refers to the increasing degree of connectivity between various countries and their cconomies. International business generally operate at one of four basic levels of globalization. These are as follows:
Multidomestic company :this is the first level of globalization. At this level the business consist of several independent units units that operate in different countries. At this level of globalization , there is very little communication between the independent units of a company which are located in different countries.
International company:this is the second level of globalization at this leve, an internatonal company maintain headquarter5s in one country and the branch of the company are located in different countries.
Transnational company: this is the third level of globalization. A transational company consist of loosely integrated business units in different countries. At this level of globalization. The company focuses on making the product.
Truly global company:this is the fourth and last level of globalization. At this level of globlizatyion the company vierws the entire world as a single businesss market. The company develops an overall strategy for its various operation around the world.
ADVANTAGES OF GLOBLIZATION
Globl;ization has following advantages:
It result in better interaction between people who are related to different countries.
IT pvovides quick transformation of products and information from one country to another.
IT A COMPANY DELIVBER ITS NEW PRODUCTS IN THE INTRENATIOINAL MARKET AS SOON NAS POSSIBLE. I
DIFFERENT APPROACHES TO GLOBLIZATION
ANTI GLOBALIST APPROACH
DRIVES OF GLOBLIZATION
Globalization of market
Globalization of markets
Falling barriers to trade and investment
Globlization of markets
THE TERM GLOBLIZATION OF MARKETS CAN BE USED TO RAFER TO THE MERGING OF NATIONAL MARKETS INTO A BIG GLOBAL MARKETPLACE. NOWDAYS, SELLING GOODS INTERNALLY IS EASIER DUE TO FALLING OBHTACLES TO TRADE
FALLING BARRIES TO TRADE AND INVESTMENT
The falling of obstacles to international trade enables yhe organization to vie4w the entire world as their market. The lowering of barriers tro trade and invrstment also allows organination set up a mar4ket for products in the market for trhrir products in one country.
GLOBLIZATION OF PRODUCTION
Globalization of production refers to the sourcing of goods and services from lqcqtion around the world to takje advantages of differences in the cost and quality factors of production. The main aim of an organization is to compete more effectively in it international market by voffering a product with good quality and low cost.