Economic Globalization and Organization Development

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...

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... 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