Globalisation and Its Impact : Assignment
This article discusses a human resources model for excellence in global organization performance.
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Added on 2020-01-16
Globalisation and Its Impact : Assignment
This article discusses a human resources model for excellence in global organization performance.
Added on 2020-01-16
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EFFICIENCY OF TRADING BLOCS AND ITSREALISTICRESPONSE TO GLOBALISATIONSTUDENT NAME:STUDENT ID:PROFESSOR NAME:1
Table of ContentTable of ContentsIntroduction.................................................................................................................................................................3Globalisation................................................................................................................................................................3Trading Blocs ...............................................................................................................................................................5Factors behind establishing a Trading Blocs................................................................................................................6Involvement of Countries in Regional Trading Blocs....................................................................................................7Trading Bloc and Globalisation....................................................................................................................................8Impact of trading blocs on globalisation......................................................................................................................9Personal interest of countries in forming trading blocs.............................................................................................10Global competitive advantage...................................................................................................................................12Disadvantages of trade blocs.....................................................................................................................................13Conclusion.................................................................................................................................................................14Reference list.............................................................................................................................................................152
IntroductionThe following discussion is based on trading blocs, effectiveness of the approach inthe world scenario and its impact on globalised market transactions. Over last three decades,there has been a massive exchange of commercial and industrial trade among variouscountries from different parts throughout the globe. This has given rise to Globalisation on avast scale. Furthermore, Globalisation has created many opportunities for remote nations toconnect with rest of the world via different means. To expand business in a particularterritory many of the nations made a blocs which makes them stronger in the internationalmarket for the consideration of their significance. This, in turn, has resulted in the formationof trading blocs among nations to improve relations, trade, economy and regional stability.The objective of this assignment is to deliver a clear idea of Globalisation, its impact,advantages and disadvantages, effectiveness and response of the internationalisation towardsit. In addition, the following assignment will co-relate the concept of Trading Bloc Formationdue to Globalisation and advantages and disadvantages of the former as well as the later. Thefactors that lead to the formation of these trading blocs and the parameters that affect theparticipation of the member nations will be discussed. It will explicitly mention major tradeblocs in the world. There is also a discussion on objectives and its impacts on internationalcommunity on a broad spectrum. The reader will be enlightened about several types oftrading blocs and the theories behind them. This assignment is having details on the tradingstyles in blocs, different trading blocs, reason to make a trading bloc and involvement ofnations in trading blocs which helps to find out the basic cause to create a trading bloc. At thelast it is having influences of trading blocs to enhance the competitive advantages andpersonal interest of a country to be a in a trade bloc which helps to understand response ofglobalisation on them.GlobalisationIn Layman’s term Globalisation can be defined as the process of integration ofmarkets from different parts of the world via exchange of Goods, Raw Materials, Energy,Technology etc. and moreover to exchange of goods and technology it enhance on the properdevelopment of the nation. This can also be the exchange of Ideas, Values, Cultural Aspectsand many other Parameters (Wright, 2016, p.11). Because of Globalisation, it has becomepossible for one particular nation to access the resources and facilities available in some othernation in exchange of monetary units or any other goods, the globalisation is having a main3
benefit which involvement of the nation in the international development, technologicalexchange can enhance the infrastructural values of a nation and it is having a potential toprovide a proper development to a nation. The advantages of trading blocs have criticised inboth prospects i.e. positive and negative.Exchange of Goods: The transportation of oil and other natural resources from onepart of the world to another has become possible largely due to globalisation. The Oil Richcountries like the Arabic Nations sell natural products to other nations that do not possessadequate quantity of the same and have to suffice their demands and needs by importing. Inexchange, they provide the Arabic Nations, the materials that are not so in abundance there.Therefore, it can be said that some specific group of countries have the advantage whileexchanging goods. As opined by Rupert and Smith (2016, p.28) giant amount of productmanufacturing in a respective region is the threat to the global economy and still, after theformation of trading blocs, the scenario remains at the same stage.Work force and Technology Transfer: Apart from natural resources, there isanother aspect of trade that has come into play because of Globalisation. It is the Regionaland Economic Stability between different countries because of marketing of Final EndProducts like the sale of Advanced Mobile Phones and Transfer of Technology. Countrieslike Japan and Sweden have a tremendous production capacity of goods but ample workforce is not available there. Hence, they install their manufacturing plant in a country that canprovide adequate labor like China and India (Telò, 2016, p.41).Economic, Regional and Environmental Stability: The Global Summits andmeetings that are held periodically among the group of countries are major steps towardsstrong and balanced economic conditions of nations. Major groups include the EuropeanUnion (EU) that includes most of the European Countries, Asia-Pacific (APEC), whichincludes Asian nations that share boundaries with the Pacific Ocean, G20 that consists of thedeveloping countries (Banerjee and Chowdhury, 2017, p.61). These formations result incooperation and support between countries in times of natural disaster, economic crisis andmany other odd scenarios. The discussion of Global Warming on an international G20platform is a recent example for this.4
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