Globalization's Impact on Industries

This assignment explores the multifaceted impacts of globalization across diverse industries. It delves into how globalization influences sectors like tourism and education, highlighting both the benefits and drawbacks. The analysis encompasses aspects such as increased competition, access to new markets, and the spread of ideas and technologies.

Globalisation

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
Globalization impact...................................................................................................................1
CONCLUSION................................................................................................................................5
REFERENCES ...............................................................................................................................6

INTRODUCTION
Globalisation of product and financial market refer the to increase the economic
integration and economies of scale, which is given, the result in greater trade in the financial
sector. This is to be focused on capital flow and cross border entity in the organisation. In this
context, to be focused on the impact on globalisation in the positive and negative aspect of
globalisation in economic condition (Mowforth, 2015). Further, it covered positive impact is
beneficial for the social science condition. Now under formulated areas can enjoy the payment of
scientific beforehand and industrial progress available in formulated countries for the change of
state and growth of their areas.
MAIN BODY
Globalisation impact
There is global communication, global market and global production is to be focused on
through area of global productivity on management in developing countries. It is given the direct
impact and improve the market condition and relation to money. In this context, people are
travelling one country to another and use telecommunication is to be used and some innovation
is introduced to increase the share market. The globalisation is brought benefit to developing
countries positive as well as negative impact is to be covered. This is help to improved levels of
management system or economic condition is better nowadays (Wright, 2016). This is to be
improve the overall market structure and make some changes as per the changes in global
conditions. There are three main factors is given the direct impact on globalisation factors are an
investment, technology and employment, etc. This all factors are the most important part are the
most important factor is to be done by organisation. In this way some positive and negative
impact of globalisation factor is to be improve market.
Positive factor :- In positive factor is to be give the direct impact on globalisation
segmentation of the society. With the help of all such kind of changes is give positive impact to
society and changes culture factor.
 Global market :- The most important factor of global market in formulated countries are a
result of denationalization of state owned industries. In order for these commercial
enterprise to increase user demand many of them are attempting to grow and extend their
value chain to a global level (Krugman, 2017). This is help to increase the business in
global level and expand the business market will be changes or increase the profit will
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change in future time. This is to be focus on protracting some legal factor and improve
the overall transformation in market. Through this they will increase their securities
industry and enjoy economic system of scale as globalisation facilitates time space
compaction, economies compete at all flat including that of pull capitalist. This is help to
improve the level of investment in global network in work place.
 Cross culture management :- In the cross culture management is to be focus on many
products will be collected by the global market and improve the overall investment
activity will be changes. Western styles, since are signalling of affluence and
powerfulness, the elite often embracing western styles of merchandise and pattern of
behaviour in order to impressment others (Rupert, 2016). There are some other factors is
technology is to be change, mass media is changes and transformation will be reduce. In
addition, society, religion and application are transformed by cultural diffusion brought
by economic process. The level of economic condition will be changes and improve the
market space or increase general improvement of economic factor. It is help to manage
the culture activity in global level may be changes as per need of market level.
 Foreign trade :- In this context, to be focal point on expand the level of market in
international level. The globalisation factor will be help to manage such kind of import
and export working condition will be change in work place. There are some development
administrative districts is export their goods to other countries. The world trade
organisation is help to expand the business activity and some rule will be change as per
the necessity of social class share. World trade organizations come out as an omnipotent
international social group capable efficaciously influencing one-on-one governments to
follow global trade rules, right of first piece of work, policies on subsidies, taxation and
tariffs. There are some changes in overall future improvement and more improvement in
business condition will be occurrence (Obstfeld, 2015). This is help to expand the market
into new level and improve market condition will be damage as per need of overall
globalisation. The figure of nations that are helpless on trade, foreign superior, and the
world commercial enterprise markets increased greatly. Countries engaged in foreign
trade enjoy comparative advantage. The competitive advantage is focus on these
strategies will help to improve for future development.
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 Foreign investment :- In this context, the level of investment will be increase in outside
the boundaries of the country. Indian establishment which have been play-acting well,
some in India and off the shores, will pull in a lot of foreign investment funds, and thus
pushing up the reserve of abroad exchange accessible in India. This is also one of the
affirmative effects of globalisation in US and other formed countries as developing
countries give them a good investing statement (Cohen, 2018). The level of investment is
must be changes or can say indefinite quantity globalisation level. It is to be manage
work to improve investment will be made as per need of organisation. The capital
investment is to be focus on monitor the level of investment in work place. This is assist
to changes the condition of both the countries. The multinational firm is most important
than the national firm. The customer will invest more, return is more than per the need of
customer in market place.
 Legal factor :- In legal factor is manage work at the time of investment or globalisation is
to be improve and increase the current market changes. On the other hand, Accumulated
media insurance coverage draws the attending of the world to quality rights violations.
This leads to melioration in human rights. There some rights and law must be followed to
improve the condition in internal as well external market will be changes (Wunderlich,
2016). In addition, some new law is based on investment and other legal factor must be
improve for organisation. Due to globalisation, there is also a perceptive between the
security federal agency and the police of two or more antithetic countries who will come
together to kerb global act of terrorism. This is help and globalisation will be changes and
grated the positive effective the globalisation is society. There is all about the legal factor
must be changes and improve the condition of market environment at the time of
globalisation.
 Technology :- It is one of the most important part is technology will be used to improve
market condition. Some method is to be used to improve the market conditions is use
media for more and more promotion in market. In this way, more and more technology is
to promote such kind of activity is to be used in market share. This build up a bank of
cognition astir on the job in antithetical locate with grouping from different cultures and
this represents a stock of cognition that could be formulated and used to benefit the
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organisation (Telò, 2016). This is to be improve the market share and manage work or
improver the productivity and market share.
This is all the positive impact of globalisation to the management and other factor. There are
global communication, global market and global production is to be focus on through area of
global productivity in management in development countries. This is to be help the business
management in development countries are handled with al such kind of situation is to be handle
or improve market carrying into action. Now, some negative impact of globalisation are as
follows :-
 Job insecurities :- In this context, globalisation factor which is give direct impact for job
insecurities in work place. In the development countries people are losing there job and
reduce the level of benefit to organisation. This means the less job such kind of people in
development countries. They have communicator to developing territorial division like
China and India (Coker, 2014). Most group like accountants, programme, editors and
scientists have lost jobs due to informant to cheaper locations like India. It is give the bad
impact of society and poor performance is reduced the level of such kind of people. In
this way, Grouping are losing their jobs. Developed normality have outsourced
commercial enterprise and white neckband jobs. That means fewer jobs for their
multitude person. This is one of the most important negative impact on globalisation and
give direct impact on profit and reduce the rate will be managed in work place.
 Changes in prices :- There are some changes in price is give the negative impact on
internal or investment people. There are those who have direct investment of internal as
well as external factor or reduce the market performance as per the need of market
(Robinson, 2014). There are continues ever-changing in price is reduced the level of
customer in market price. This is a disadvantage to them because it cut down the ability
to sustain social financial aid in their countries. This is give the direct impact and many
country will be suffer for such kind of activity in work place.
 Unemployment :- There are unemployment is give the negative impact of all the
economic conditions. The most important factor to determine the plane of employ during
1980-2000 was political unit or location economics policies which were enforced and
sustained (Lindberg, 2016). This is all such kind of activity is give direct impact of
macro environment and national income will be occurrence. In macro environment
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national income will be changers and overall development is to be based on the national
income of society. There are different counties is not use law, education policies to
improve the higher level employment activity. This is to be inform that education level or
law must be used and improve market condition of employment law.
 Education :- Globalization impacts on the education system in both positive and
negative manner. Due to internationalization people are moving towards other nations in
order to gain more knowledge so that they can get more career development opportunities
(Impact of globalization in education, 2017). But this impacts negative on the education
system, as it become difficult for the learners to understand culture, language of other
people. In such condition they fail to get quality education their that impacts negative on
their learning and future as well. As globalization is increasing competition for the youth
and creating lots of pressure on them. Now due to increasing level of education students
have to compete with high league table ranked schools. This is creating pressure on the
teachers as well. Now educator has to maintain this standard which impact on quality of
education to great extent. Furthermore, this is reducing power of sovereign (The Impact
of Globalization on Education Policy of Developing Countries: Oman as an Example,
2011). Local citizens are moving towards other nations in order to get more equality
education. This impacts negative on the local education system because local places are
unable to develop their system and compete with the highly developed universities.
CONCLUSION
Form the above report is based on globalisation in positive and negative aspect of
globalisation in economic condition. Further, it covered positive impact is beneficial for social
science condition. As per the above report globalisation factor will be help to manage such kind
of import and export working condition will be change in work place. There are some
development administrative districts is export their goods to other countries. In this report,
Accumulated media insurance coverage draws the attending of the world to quality rights
violations. This leads to melioration in human rights. In order for these commercial enterprise to
increase user demand many of them are attempting to grow and extend their value chain to a
global level.
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REFERENCES
Books and journals
Mowforth, M 2015. Tourism and sustainability: Development, globalisation and new tourism in
the third world. Routledge.
Wright, S., 2016. Language policy and language planning: From nationalism to globalisation.
Springer.
Krugman, P., 2017. Crises: The price of globalisation?. In Economics of Globalisation (pp. 31-
50). Routledge.
Rupert, M 2016. Historical materialism and globalisation: Essays on continuity and change.
Routledge.
Obstfeld, M., 2015. Trilemmas and trade-offs: living with financial globalisation.
Cohen, R., 2018. Diasporas, the nation-state, and globalisation. In Global history and
migrations (pp. 117-143). Routledge.
Wunderlich, J.U., 2016. Regionalism, globalisation and international order: Europe and
Southeast Asia. Routledge.
Telò, M 2016. Globalisation, multilateralism, Europe: towards a better global governance?.
Routledge.
Coker, C., 2014. Globalisation and Insecurity in the Twenty-first Century: NATO and the
Management of Risk (No. 345). Routledge.
Robinson, G., 2014. Geographies of agriculture: globalisation, restructuring and sustainability.
Routledge.
Lindberg, C 2016. Gender, Globalisation and Economic Development in Asia. Border
Crossings: Grenzverschiebungen und Grenzüberschreitungen in einer globalisierten
Welt, 42, p.135.
Sarti, R., 2016. The globalisation of domestic service–An historical perspective. In Migration
and domestic work (pp. 89-110). Routledge.
Potrafke, N., 2015. The evidence on globalisation. The World Economy, 38(3), pp.509-552.
ONLINE
Impact of globalization in education. 2017. [Online]. Available through
<http://edtechreview.edtechreview.info/news/2730-globalization-in-education>
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The Impact of Globalization on Education Policy of Developing Countries: Oman as an
Example. 2011. [Online]. Available through
<http://www.youthmetro.org/uploads/4/7/6/5/47654969/the_impact_of_globalization_on
_education_policy_of_developing_countries_oman_as_an_example.pdf>
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