Globalization and International Business

Paper Summary:

The paper explores the economic changes that started with the industrial revolution and include the liberalization of international trade and changing employment structures. The paper then looks at technological innovations that have contributed to the globalization of markets and also discusses the development of a strong corporate culture in the context of global operations. The paper shows how all these factors affect the way in which companies conduct their global operations.

Outline:
Abstract
Economic Changes
Technological Changes
Organizational Culture and Global Management
Conclusions

From the Paper:

"Today, more and more companies set a goal of territorial expansion into other countries with the desire to increase their customer base, access to resources (including capital, labour force, technologies and other commodities), all to culminate with an increase in corporate revenues. This desiderate has been achieved by some organizations due to the sustained efforts of globalization and market liberalization. Whereas market liberalization basically refers to the elimination of tariff and non-tariff barriers to international trade between countries, globalization is a more complex phenomenon that is becoming increasingly present in various domains, including economics, politics, technologies and even culture."

Sample of Sources Used:

• Freeman, C., 1989, New technology and Catching Up, The European Journal of Development Research, Vol. 1, No. 1, pp. 85-99
• Haces, T.G., Nicolas, D.H., 1996, Economic Change and the Need for a New Federalism: Lessons from Mexico's Northern States, American Review of Canadian Studies, Vol. 26
• Singh, A., 1994, Global Economic Changes, Skills and International Competitiveness, International Labour Review, Vol. 133

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