Economic Globalization and Organization Development

1049 Words3 Pages
bulb-icon

Recommended: How globalization may influence the structure of an organization

Globalization of the economy refers to the integration of the world economies whereby economies in the world are become more interdependence. This economic development is being achieved through cross-border movement of capital, services, goods, and technology. This trend is believed by many to be irreversible and economies will continue depending on one another. One of prominent economists who believe economic globalization cannot be reversed is Gao Shanguan. Organizational development efforts are the laid down plan that is supposed to spur the organization to achieve its goals. Economic globalization might influence organizational development on several ways, which might be positive or negative as discussed in this essay.
Economic globalization can lead to economic growth of an organization in that would not have been realized were it not for globalization of economy. This is one of the major objectives of organization development as well as a priority for many countries all over the world. This goal of growth in economy can be achieved through international trade, which involves many countries. Despite the obvious gap between developed and developing countries, economic globalization can manage to bring out positive results for both countries. Benefits arising from economic globalization can be shared among different organizations in various nations. When countries get involved in global trade, companies in those respective countries also benefit from such a move. Nations as well as business organizations are able to explore new markets and therefore increase their output leading to economic growth. Economic globalization can also lead to exportation of technology that will aid production process by increasing the units produ...

... middle of paper ...

... participation and better economic relations worldwide all parties need to play their role. The ground should be fair and leaders from developing countries should be given as much attention as those from developed countries. Proper utilization of opportunities presented by economic globalization will enable governments to achieve their goals with much easy. Moreover, there should be programs to enable developing countries adjust to economic globalization since this is the vehicle that will ensure that these countries benefit.

Works Cited

ECONOMIC THEORIES. (n.d.). : Karl Marx The Concentration and Centralization of Capital. Retrieved April 4, 2014, from http://www.economictheories.org/2008/07/karl-marx-concentration-and.html?m=1
Tax havens: Super-rich 'hiding' at least $21tn. (n.d.). BBC News. Retrieved April 4, 2014, from http://m.bbc.com/news/business-18944097

Show More
Related

  • Fedex Macroenvironment Study

    1556 Words  | 4 Pages

    Nowadays, Globalization is a main trend for the world economic. The world’s economy has become fully integrated. There are no barriers and borders to trade around the world.

    Read More

  • Economic Globazation-Source Analysis

    778 Words  | 2 Pages

    Our global world is being more connected as we become integrated politically, socially and even economically. Due to the Bretton woods agreement, different countries have been economically dependent on each other in fear for war to erupt. From then on different organizations and policies tied more countries into being economic globalized. This economic globalization had then given us many opportunities in trades and more access to natural resources in other countries. Unfortunately, there are some negative effects that are brought to less developed country. Overall, many people believe that economic globalization does a great work on accumulating our economy and our quality of life.

    Read More

  • To what Extent does Globalization Contribute to Sustainable Prosperity?

    1067 Words  | 3 Pages

    Globalization helps many people achieve greatness. But for the majority it brings hardships and struggle. People will be plagued by the effects of globalization and will have a tough time over coming it. We are far from reaching a point where we can say we have sustainable prosperity throughout our world. But before we focus in on sustaining prosperity, we must first reach prosperity and bring it to all corners or the earth.

    Read More

  • Globalization and Human Resource Management

    1375 Words  | 3 Pages

    With the proliferation of the internet international Business transactions are more common today than ever. Globalization is now a key factor when creating a business strategy for most companies whether they are small family own businesses or huge corporations. Globalization however does not just involve selling a product in other countries. There are legal and cultural concerns that must be addressed. The legal aspects are fairly simple because in most places the laws are spelled out. It's the local customs, and regional way of doing things that can be tricky. Research on globalization has shown that it is not an omnipotent, unidirectional force leveling everything in its path. Because a global culture does not exist, any search for it would be futile. It is more fruitful to instead focus on particular aspects of life that are indeed affected by the globalizing process. (1). In this new economy, as it has been in the past, it will be the people not the machines who will determine a company's success. Having an effective Human Resource Management team that effectively analyze your company's current and future personnel needs is key in any business organization.

    Read More

  • Benefits Of Toyota

    1089 Words  | 3 Pages

    It is interesting and very pleasant to see how people from across the world work together to come up with ideas that make their company the best in what they do. This interconnection among people and places throughout the world which is with increasing level is called globalization. Some people think of it as internationalization where people from different parts of the world work with each other to bring out something quite enjoyable. Before, each country had its own business which didn’t collaborate with anybody else but themselves within the country. Since globalization has spread quite far, there are numerus examples available in our world today. Globalization can be found in economics, blending of cultures, technology,

    Read More

  • Impact Of Globalization On Coffee Trade

    1449 Words  | 3 Pages

    Globalization is an important contemporary phenomenon and it is difficult to avoid the trend. Its development as well as make people recognize each other's lives in an interdependent global village. Therefore, globalization encourages people to care about many global equity issues such as peace, justice, environmental protection. Like many phenomena, there are both sides of pros and cons in globalization. Globalization can create new opportunities for the expansion of international trade, and enhance global commodity circulation and improve cultural exchange (Krier, 2001). It is beneficial to the development of integration with the global economy. Emphasizing efficiency in terms of globalization

    Read More

  • Karl Marx and Capitalism

    893 Words  | 2 Pages

    There were many theories that promotes and explains how the capitalist system works; however, Karl Marx’s Capital is the first one that can explain the imminent relationship between poverty and wealth, inequality and growth under capitalism. ...

    Read More

  • Globalization and Organizational Structure

    1227 Words  | 3 Pages

    Globalization remains a pivotal topic in many schools of thought, and continues being a topic of controversy even in local economies today. Perhaps the reason for this is integration and competitiveness the world over. Conceivably, even more than integration, is the competitiveness of organizations, has possibly facilitating the fascination and misconception about of globalization. Nevertheless, globalization has brought about a number of effects influencing the design and geographical location of the organization. However, globalization has effectively placed the world in a bubble, or maybe one could equate the changes to being placed in an envelope.

    Read More

  • Discuss The Impact Of Globalization On Business Management

    765 Words  | 2 Pages

    In my attempt to discuss the impact of management in the globalization of business I looked at the terms “business management” and globalization”.

    Read More

  • Nations Should Promote Globalization, Not Localization

    1779 Words  | 4 Pages

    In today’s continuously changing world, many experts say that globalization is what every business, organization, and nation should seek and welcome as a positive change. However, many people are unaware of the main focus and meaning of Globalization, especially in comparison to Localization. A large number of people believe that globalization is just another common word used to refer to changes and differences that cannot be explained or accounted for. Therefore, many different activities or changes are improperly labeled to be a part of or caused by globalization.

    Read More

  • International Business and Globalization

    1482 Words  | 3 Pages

    Globalization encourages worldwide business. Globalization is an efficient process by which all the nations of world will commonly try to set regular universal standards & regulations (both created & recommended) which will encourage business around different nations. Business around nations or elements crosswise over different fringes is called universal business.

    Read More

  • Argumentative Essay On Globalization

    891 Words  | 2 Pages

    Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.

    Read More

  • Globalization and Organizational Behavior

    1040 Words  | 3 Pages

    ...ad of capitalist organizations that are no longer constrained by borders are replacing governmental control, and corporations are becoming more heterogeneous and adapting to people who are from different nationalities and cultures. In the modern global economy professionals who possess an understanding of sociology, psychology, communication, and management are more likely to succeed in business. “Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas” as cited by Jack Welch N.D.

    Read More

  • The Globalization in Business Management

    537 Words  | 2 Pages

    As all the countries are on the way to globalize with each other, business is not the exception. Globalization in business definitely brings a lot of great opportunities for many countries. However, in order to make the best of the globalization in business, management is the golden key to that success.

    Read More

  • Proponent and Opponents of Globalization

    1294 Words  | 3 Pages

    Proponents have a strong belief in free markets and limited governments intervention. According to Preble (2010), globalization has led to the creation of jobs, higher living standards and a higher variety of goods available to consumers. International trade is one of the driving forces behind globalization. Countries specialize in specific goods wherein it has a comparative advantage. This results in a higher efficiency and productivity and ultimately leading to an improvement of the living standards. As a consequence, export increases. Hereto, more jobs are created, a higher variety of goods are available and international competition has increased. This results in lower prices, keeping the inflation in check (Preble, 2010). Furthermore, Preble (2010) states that the increase of trade in goods and services, foreign direct investment and cross-border investment have been important for the success of globalization. Other important benefits, mentioned by the proponents of globalization, are the promotion of information exchange and high understanding of a variety of cultures. Globalization has led to a world where “democracy has triumph over autocracy” (BBC News, 2000, as stated in Preble, 2010, p. 334).

    Read More

More about Economic Globalization and Organization Development

Open Document