21st Century Globalization

21st Century Globalization
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Table of Contents
Executive summary 1
Definition of terms 2
Body 3
Discussion on 3 countries 3a
Discussion on selected country (Qatar). 3b
Fundamental factors driving globalization 4
The strategies for entering into and succeeding with new or foreign markets 5
A strategic proposal for the expansion of a business.6
Conclusion 7

1. Executive summary
The report analyses the issue of globalization. Basically globalization involves spread of
investment and businesses across national borders (Ariely, 2012 p.89). The concept of
globalization shows how nations comes together to carry out international trade. The report starts
by defining some concepts of globalization which are later selected to discuss globalization in
three countries.
2. Definition of terms
1. Sustainable economic growth
Sustainable economic growth occurs when the actual real output tends to increase over a certain
period of time. Therefore, sustainable economic growth in simple words means the rate of
growth which can be highly maintained within the organization within a nation thus tackling
economic challenges for future benefits (Asongu & De Moor, 2017 p.67).
2. Financial capital
According to Asongu (2013) financial capital is an economic resource that is usually measured in
terms of money as used by entrepreneurs and businesses. Also, financial capital/equity in finance
is internal retained earnings which are generated by funds provided by the lenders to purchase
the real capital or services.
3. Technology (energy)
The technology (energy) is a discipline of engineering science that is related to environmental
friendly aspects and economical extraction which should have positive effects on human health
and the environment. Basically, energy is a scarce resource and need to be utilized efficiently to

ensure no wastage. Use of technological capabilities will help in extracting adequate energy that
will aid in attaining globalization goals (Bengtsson & Östman, 2013 p.45).
4. Population
Population refers to all elements that meet the selection criteria of a group to be studied and from
which the specific sample is obtained for further examination (Blum et al., 2012).The total
collection of all entities forming population is the universe.
5. Political stability
In simple words, political stability involves the aspect of peace and order within a group, within
a nation or even in foreign nations. Most of the time political stability is associated with national
politics (Cavusgil, Knight & Riesenberger, 2017 p.87).
6. Energy demand
Refers to the increased need for use of energy. Energy demand is associated with different
factors. The increased population leads to increased demand for energy and services associated
with energy (Gibb, Haskins & Robertson, 2012 p.81).
7. Energy supply
Basically, energy supply involves the delivery of fuels to the desired location of consumption. It
also involves extraction, transportation, and storage of fuels for future use.
8. Renewable energy,
Refers to the type of energy which is gotten from renewable sources of energy. The renewable
sources are naturally occurring such as the sunlight, rain, wind, and waves which are used to
generate energy for commercial and industrial uses (Gibb, Haskins & Robertson, 2012 p.131).

9. Market Effectiveness
Different authors argue that market effectiveness is the measure of how effective a marketer will
follow the strategies so as to the goals of maximizing the benefits results for the long term and
short term (Grant, 2010 p.32). Market effectiveness is therefore quintessential to marketing thus
it cannot be measured in any way.
10. Conservation & Efficiency
Basically, conservation and efficiency refer to approaches taken to reduce the consumption rate
of a certain service or product (Hopper, Lassou & Soobaroyen, 2017 p.67). On aspect of
efficiency, the goal is to make efforts to reduce the consumption of a product or service (Grant,
2010 p.132).
11. Environment.
Basically, the term environment in business refers to the collection of both internal and external
factors which affects the business either positively or negatively (Hutchings, Lirio & Metcalfe,
2012 p.189).
3. Body
3a.Discussion on 3 countries
Political stability
In Qatar
In general, Qatar is stable both politically and economically. First of all, the citizens in Qatar are
one family meaning that they care for one another. For the last 20 years, all people in Qatar have

been in the position to instill the aspect of peace and order and that's why the country has thrived
economically (Idris, 2012 p.30).
In the United Arab Emirates
The UAE has been identified as a country with a better model of stability. Since 1971 UAE has
been successful in the constitutional monarchy. The UAE has beliefs which work towards the
administration of peace and justice. The present political structure and entire components of
government in UAE work in the provision of peace and order thus political stability.
In Saudi Arabia
In Saudi Arabia, the issue of political stability is associated with different factors (Idris, 2012
p.30). The orderly succession, the political reforms and regular consultation in the country
induce the issue of harmony.
Sustainable Economic Growth'
Qatar
The country has been in the frontline to campaign for vision 2030. This shows that the goals of
the country are anticipated to achieve vision 2030. In order to ensure there sustainable growth in
the country, Qatar has ensured that there is efficient utilization of natural resources by the
population. Qatar is the main source of oil in the world and this shows that unless the country
controls the oil wells then in future there will economic instability (Iversen & Larsson, 2013
p34).
United Arab Emirates