Globalisation on International Trade : Report
13 Pages3946 Words105 Views
Added on 2020-06-04
Globalisation on International Trade : Report
Added on 2020-06-04
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Table of ContentsINTRODUCTION ..........................................................................................................................1Task 1...............................................................................................................................................1Globalisation ..............................................................................................................................1Globalisation influences the availability of pricing and product ...............................................2Globalisation has enabled international business .......................................................................2Current trends of FDI, role of MNCs in economic growth and impact on host country in FDI 2Benefit and cost of globalisation ................................................................................................3Task 2...............................................................................................................................................4Vernon's product life cycle .........................................................................................................4Limitation of product life cycle model .......................................................................................5Task 3...............................................................................................................................................6Eclectic paradigm farm work......................................................................................................6Detail key approaches of FDI ....................................................................................................7Conclusion ......................................................................................................................................8Reference.........................................................................................................................................1
INTRODUCTION Globalisation determines effective activity to set up the organisations. In this way, globalisationhelps in solving business problems in international market and development of nation. In thiscontext, present report is based on the globalisation on international trade foreign directinvestment and many more (Furlong and et.al 2013). In this report is to be focus on the productlife cycle and motivation use in international organisation. Furthermore, it has focussed ondifferent aspects of globalisation and impact of globalisation in an organisation. With respect tothis, current study is based on eclectic pared arm farm work in organisation.Task 1Globalisation Globalisation is a very broad concept in economics. It is a process of interaction and integrationamong the people, companies and government in different nations. Globalisation is help togrowth of international flow of money (Ince and et.al 2015). Further, it supports all internationalbusinesses to create new ideas and develop new culture. Globalisation is a process driven byinternational trade and investment by information technology. In organisation, globalisationhelps in research and development plus cross border networking in information technology.However, it is dynamic in nature (Doiz, A and et.al 2013). This assist in increasing profit andgrowth in international business. In globalisation is many driven force of globalisation are asfollows:- Technology:- In every international business, faster and cheaper technology is internet. Itis a digital technology which is used everywhere. This helps in removing barriers in anyworking condition in international organisation (Doiz, A and et.al 2013). With the help ofthis digital technology, integration of national market is easier. Liberalisation:- Strong wave of liberalisation is help to introduce world trade organisation(WTO). It helps all the decision that is to be taken by countries in different internationalmarkets. Trade flows:- In this situation remove the trade barrier, it is help to rising growth rate ofworld tread. New technology under IT revolution has created under distribution channelin organisation.
Globalisation influences the availability of pricing and product In globalisation is to be focus on increase customer. Globalisation has created the ability topurchases a life changing goods for consumer. It has been provided flexibility of having muchconsumption in organisation (Telò and et.al 2014). Globalisation is help to change in society andculture across the world. International treads an opportunity to in global business. Globalisationis help to create a new competition in market. It is help to increase customer and market segmentin organisation. Globalisation has been increase a product variety for consumer in market. It ishelp to increase customer and market growth. Globalisation has enabled international business In international business transfer of goods and services is most important factor in economiccondition. It incudes transfer resources, goods and services, knowledge, skills and information.All such factor is most important in international market. In globalisation has enabledinternational business (McMilllan, M and et.al 2013). In international business globalisation is tobe focus on en bald of transfer resources or goods and services. Globalisation have power todisclose every activity in organisation. It is help to maintain the growth rate in organisation. It ishelp to international business. Globalisation use technology , trade flow all such factor is to helpto maintain the growth rate in organisation. Current trends of FDI, role of MNCs in economic growth and impact on host country in FDI Foreign Direct Investment (FDI) is the most important factor in organisation. In foreign directinvestment is the investment in the form of controlling ownership in business is one countrywith the help of other country. In foreign direct investment is to be focus on business operationand acquiring business assets to other countries. In foreign direct investment is there are twocountry are one is host country and home country (Clarke and et.al 2013). In home country isthe country where headquarter is located of the organisation. In host country is a foreign countrywhere the company invest. There are two most important countries in current trends. In foreigndirect investment company there some impact on host country in FDI are as follows :- Host country is a foreign country where the company invest for further development. Inhost country is impact on economic growth and through the transfer of new technology. In host country formation of human resources (Van Hoa, and Harvie, 2016). Thecompany is to be focus on integration in global market. 4
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