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1.INTRODUCTION Globalization involves a variety of links expanding and tightening a web of political, economic and cultural inter-connections. Most attention has been devoted to merchandise trade as it has had the most immediate (or most visible) consequences, but capital, in and of itself, has come to play an arguably even larger role than the trade in material goods. Human movements also link previously separate communities. Finally, there is the cultural connection. All the individual data would indicate that we are undergoing a process of compression of international time and space and an intensification of international relations. The separation of production and consumption that is the heart of modern capitalism appears to have reached its zenith. Globalization is not just another "buzz-word" (globaloney), but very much a real and significant phenomenon. But, what does it mean? What does a globalized world look like? Despite the extensive discussion on globalization and international interdependence, we still have a relatively limited idea of what this new world looks like. We understand that there are more international connections taking place, that a wider variety of goods and services are being exchanged across boundaries, that more and more people live their professional, family, and intellectual lives in more than one country, and that cultural autarky is no longer possible. At its most basic, there is nothing mysterious about globalization. The term has come into common usage since the 1980s, reflecting technological advances that have made it easier and quicker to complete international transactions—both trade and financial flows. It refers to an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity—village markets, urban industries, or financial centers. Markets promote efficiency through competition and the division of labor, the specialization that allows people and economies to focus on what they do best. Global markets offer greater opportunity for people to tap into more and larger markets around the world. It means that they can have access to more capital flows, technology, cheaper imports, and larger export markets. 2. REASONS FOR GOING ABROAD Generally, the reason for even considering an international expansion fall into four separate areas... ... middle of paper ... ... 4.Gibbs Paul, 1992, Doing Business in the European Community, 2nd Edition, Kogan Page, UK 5.Hofstede G, 1980, Culture’s Consequences: International Differences in work-related values, Sage, UK 6.Hofstede G, 2001, Culture’s Consequences: Comparing values, Behaviors, Institutions, and Organisations across nations, 2nd Edition, Sage, USA 7.Lane H W, Beamish P W, op.cit., 1990 8.Merton R K, 1968, Social Theory and Social Structure, New York: Free Press 9.Morosini P, 1998, Managing Cultural Differences, International Business and Management, Pergamon, UK 10.Perlmutter H V, Hennan D A, Cooperate to compete globally, Harvard Business Review, March-April, 1986, pp.136-152 11.Psimmenos Iordanis, 1997, Globalisation and Employee Participation, Ashgate, UK 12.Seth A, 1990, Sources of value creation in acquisitions: am empirical investigation, Strategic management Journal, 11, pp.431-446 13.Trompenaars F, Hampden C, 1997, Riding the waves of culture, 2nd Edition, Nicholas Brealey Publishing, Finland 14.UK Business in Europe (A statistical Comparison), Eurostat, 1995, London INTERNET 1. www.tesco.co.uk 2. www.sklavenitis.gr 3. www.flash.gr 4. www.eu.com
The personal networking helps to build relationship with a larger range of people. Here to make the relationship some strategies need to be taken.
Hill, C.W.L. (2005) International Business: Competing in the Global Marketplace (5th ed.), New York: Mc Graw-Hill/Irwin
He soon became a successful trader in other London markets outside of the East End and also branched out into wholesaling for other market traders.
Globalization is the shift toward a more integrated and interdependent world economy (Hill, 2005). Globalization has several different areas including the
Today globalization has changed the face of communities and organizations. Regardless of whether globalization benefits or detracts from a nation’s ability to grow, mature, and maintain economic stability, it is here to stay, (Naím, 2009).
When the term “Globalization” is discussed, most academics, scholars, professionals and intellectuals attempt to define and interpret it in a summarized fashion. My main concern with this approach is that one cannot and should not define a process that altered decades of history and continues to, in less than 30 words. Global Shift is a book with remarkable insight. Peter Dicken rather than attempting to define the commonly misused word, explains Globalization in a clear and logical fashion, which interconnects numerous views. Dicken takes full advantage of his position to write and identify the imperative changes of political, economic, social, and technological dimensions of globalization.
“Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages” (What is globalization). For centuries many people and companies had invested in other countries even before the First World War. Globalization is a huge issue, because it affect on all the people around the world. It can affect in several of ideas, cultures, local and regional economics, societies, communication, and trade. Globalization can influence the environment of the people, security, and the exchange of the ideas between the countries. It distribute in a fast way, which emerge of new technologies, rise in free-trade activities, and markets worldwide acceptance.
Since the late 1970s and early 1980s, a new position has become dominant in world’s major economic and political circles. This new and unprecedented situation is the term of globalization. Globalization can be seen as the present process of becoming global by the emergence of a world economy, a cosmopolitan culture and international social movements. Nowadays, we cannot avoid the notion of globalization as it affects everyone since it presents them with a world context which influences them in some of their doings.
Globalization, a term that has an ever-changing definition. It is defined as “transcontinental-or interregional flows and networks of activity, interactions, and the exercise of power” by some, while it is the “widespread recognition of a world wide human or of world society as a whole as the framework of action” to others (Larner, 497). Globalization is ambiguous because it is used to describe an all encompassing practice. When thinking of globalization, the images that come to mind will vary based on one’s interpretation of the word. In this focus group we attempted to understand this powerful term and dissect what comes along with the practice of globalization.
As defined by the Oxford dictionary (2013), Globalization is the increase of trade around the world, especially by large companies producing and trading goods in many different countries.
The world "Globalization" is relatively new in the collective vocabulary. This expression appeared at the turn of Sixties and Seventies. The key feature of this process is the interconnectedness of the world. Today, trade, financial activity, cultural effect extends to the entire planet. The geographical location, definitely, puts a significant influence on strengthening relationships between countries, and developing interdependence relationships between participants.
Yip, G.S. (1998). Global strategy in a world of nations?, Sloan Management Review, Autumn, p. 29 -41.
The phenomenon of globalization as the acceleration and intensification of economic, social and political among the people, companies, and government of different nations around the world. Observers of globalization are increasingly recognizing that globalization is having a significant impact on matters such as local cultures, matters which are less tangible and hard to quantify, but often fraught with intense emotion and controversy. In this globalization western has a big part in order to influence others countries. Globalization, of course, does more than simply increase the availability of foreign-made consumer products and disrupt traditional producers. It is also increasing international trade in cultural
Globalization alludes to the inclination of worldwide exchange, speculations, data innovation and outsourced assembling to weave the economies of different nations together. In business and back, it essentially alludes to the monetary incorporation of worldwide markets, however the term is additionally used to depict socio-social combination among nations. By and large, globalization has had the impact of particularly expanding both worldwide exchange and social trade.
Globalization can be defined as the growing interconnection of the various nations worldwide through the increasing volume and variety of cross border transactions which results in capital flow , and also through the more rapid and widespread dispersion of technology. Globalization is the harvest of human modernization and technological progress. It refers to the increasing amalgamation of economies across the globe though trade and capital flows. The term also refers to the migration of people (labor) and technology across international borders. It has the potential of making societies richer through trade and creates an environment of knowledge and understanding across the world. Globalization can be viewed at from five different aspects;