Globalization: Economic, Political, and Business Perspectives

This assignment delves into the multifaceted aspects of globalization, examining its impact on business, economics, and international relations. The student explores the hyperglobalist perspective, providing arguments for a borderless world fueled by increased investment and cultural exchange. The assignment then analyzes the features and implications of the ASEAN regional grouping, including sustainable development, drug trafficking, money laundering, and cybersecurity. Furthermore, the student expresses their understanding and views on Brexit, considering its economic implications. Finally, the assignment addresses corporate support for green initiatives, discussing the drivers behind these initiatives and the student's personal feelings on the green movement. The assignment covers economic factors and the role of competition and innovation in business strategy. The student provides a comprehensive analysis, incorporating various perspectives and real-world examples.

Opening:
Why is globalization good? – Your opinion
For example:
Globalization is good because it provides the world with more efficient
markets, increases competition leading to better goods, generates wealth in all
parts of the world and builds and stabilizes security. Globalization is steadily
growing as technology allows individuals within each country to communicate with
people previously out of reach.
The world is becoming increasingly interconnected as governments work together to
solve global problems. The globalization process has made markets more efficient
as businesses and organizations have had to relearn how to create a good or offer a
service in the most efficient manner in order to make a profit.
The increased competition is another benefit of globalization. With new producers
appearing frequently, there are more people and businesses competing for a share
of the global economy. This leads to competitive markets that offer higher quality of
goods as well as more affordable prices.
Another benefit of globalization is the change it offers to people in poorer countries. It
gives these people a chance, though perhaps not nearly as great as the chance
people have in wealthier nations, to sell goods and to make a profit leading to
greater wealth distribution. Globalization also protects the world as countries
depending on one another for their economy stability are less likely to attack one
another.
1. Where is you opening? Above example for your ref.
2. Italic your citation / references (in text citation)
3. References to be stated at end of every questions.

Q1: Do you agree with the “Hyper Globalist” claim that the world is borderless.
Give three (3) reasons to support your answer, if yes or no.
Yes, I agreed with the hyper globalist view of a borderless world because of the
globalization the number of investors and global capital flows has increased due to
the higher margin and earnings. The businessmen are trying to find different ways to
create a unique selling proposition over other competitors to make the consumers
prefer their services over other competitors in the market.
This change has been seen in all the top organizations and if we have a look at the
stats, the economy has been improved a lot due to growth of global markets. So, to
stay in the market, every day a new strategy is established by the financier to retain
its position in the market (Newman, 2005).
Crossover of culture is more evident because of globalization and many globalists
advocates that free trade and free markets are the powerful tool for enhancing the
cultures as trade creates wealth and this wealth helps to remove the poverty and
poor people from the daily work for survival (Ceglowski, 1998).
For the borderless world, the technology is the most powerful tool used by the
business persons. As there are 600 million citizens in the country and more than half
of the people are shopping through online sites so a proper medium should be used
to make the product reach the people and use of technology can make the industry
reach the heights. It is to be scrutinized as to which technology favors the company
and which doesn’t. In order to reach the consumers of, use of high technology is a
must (The National Board of Trade, 2012). The digital campaigning can be launched
to influence the people.
1. Italic your citation / references (in text citation)
2. References to be stated at end of every questions.
3. Break up your facts and figures clearly. (Example: As per your Q2)
4. Include more facts; minimum 450 words for Q1.
5. Recommend to include charts/photos/graphs

Q2: What are some of the features of ASEAN regional grouping and their
implications for members?
ASEAN regional grouping was set up in the year of 1967 and having five original
member countries and these countries are Indonesia, Malaysia, Thailand, Singapore
and Philippines. After that Brunei, Vietnam, Lao PDR, Myanmar and Cambodia also
joined the ASEAN Regional grouping after 1984 (Nations, 2016). The purposes of
the ASEAN declaration are as below: -
(i) To increase speed of economic growth, social progress and cultural
development in the region, and
(ii) To promote peace and stability among the countries.
Features and its Implications:
Facts 1 - Sustainable Development: -ASEAN Community Vision 2025 and the United
Nations 2030 Agenda for Sustainable Development will be applied in a manner to
create a community that is people oriented and centred around the people. The
efforts of Thailand’s and leadership help to promote complementarities, peace and
security.
Implications for members: - This feature helps to introduce Green Movement that
prevents from pollution and saving the region from global warming. Global warming
is also one of the serious problems faced by the people across the world. Global
warming is basically an increase in the temperature of earth due to the emissions of
the greenhouse gases like CO2, SO2 and Nitrogen Oxide. The increase in CO2 and
other gases leads to melting of the ice caps that raises the level of the sea and
create a dangerous situation for the people of Vietnam who are living in coastal
areas of Vietnam (Pitsuwan, 2010).
Facts 2 - Drug trafficking: - This helps in the improvement of problems which are
being faced by hospitals which are related to costs. There is a dire need of the DRG

process as it helps to analyze that whether the information given by healthcare
industries correspond to the information which is given in the records which are
maintained regarding the patients. The main purpose of the DRG audit is to figure
out what are the errors related to sequencing and coding which has an influence
over the assignments of DRG.
Facts 3 - Money Laundering: - Money laundering is established to reduce drug
trafficking and also address to other crimes like terrorism. Money laundering states
some of the assessments like-
 To introduce and describe the current anti-money laundering regime,
 Help in the establishing the framework for assessing the effectiveness of the
regime, and
 Implementation of framework to calculate how well the current system works
and what improvements are needed (Sukma, 2014).
Cyber security: - As we know that the technology is developing very fast and also
provide vast areas of opportunity, but these technologies also bring the new
technology with the unpredictable threats with them. Thus, cyber security is the
system of protecting networks and data from cyber-crime. Cyber security is important
because in the modern era everything is connected to the internet.
Another feature introduced by the ASEAN regional grouping is ICT Masterplan 2020
that is towards the digital economy and it enables an innovative and integrated
community.
1. Nicely done! Facts are clearly stated on point form.
2. Italic your citation / references (in text citation)
3. References to be stated at end of every questions.
4. Recommend to include charts/photos/graphs

Q3: What is your understanding of the BREXIT? And express your views of
the exit.
Investment in the share market is a very risky investment as it totally depends on the
market and investors always take their money from stocks and then put them in the
bonds, which are a long term holdings and safest mode as compared to the stocks.
The criteria for all the major economic event is satisfied by the “Brexit”. Brexit has a
great impact on the global economic activity given the UK small contribution to global
GDP. Every year the UK work on improving the knowledge, skills, and expertise of
people deployed in businesses and spend a huge amount of money to make them
work better. Many new skilled people are hired every year and train them to work
towards the success of the country. This is done since all the higher authorities have
pledged to make the country a peaceful and prosperous place and conflict-free place
so that people can work and live fearlessly. This has been a blessing for the world.
The report ‘Implications of Brexit’ shows that there are two important ways to analyze
that what can be done by the Brexit for the Australian economy. Trading with the
financial instruments is the first way and another method is the dealing with the flow
of money in the country. When it comes to foreign investment and active and passive
investors, it is important to analyze the economic factors as they affect the market in
the long term. For example, an increase in an inflation rate of the economy may
affect the manner in which the company sets the prices of its products (Regulators,
2016). So the economic trends in the UK and Australia must be evaluated so as to
save themselves from losses.
Changes in economic trends may have an adverse impact on the purchasing power
of the people of both the countries. Economic factors cover in its ambit the interest
rates, growth patterns of the economy, foreign exchange rates etc,. Most of the
researchers found the short term and medium term economic impacts which can be
negative and focused on the economy of Australia. Looking at the long-term impacts,
then they are dependent on the degree to which the UK and Europeans are intended
to engage with the others, whereas the short-term economic impacts are reflected by
the trade and financial links and also dependent on the uncertainty that leads to slow
growth of UK that decrease the value of Australian Exports into Europe. On the other

side, the high trade costs and the results with less constructive access to the EU
lead to a decrease in the growth of the UK and create less demand for Australian
imports. The contributors contribute money and utilize the funds for the welfare of
people. All the companies of the UK work relentlessly towards its goals and
objectives so that the long term aims of the UK can be achieved, which is improving
the economy and making it better every day (Government, 2016). This has been
done only to meet the expectations of the WTO and to add to the economy of the
world. Leadership and the local ownership are important factors and improve the
success rate of the country and helps in maintaining and building peace. The stock
exchange is that many investors have improved their financial conditions by
investing in the stock exchange and strong capital and funding position is procured.
This has been proved very successful for many people who have motivated other
investors to invest in the same too. The viability of euro area shot up and the
conditions of Australian banks started to worsen. There was a long-lasting impact,
but the condition started to improve due to better returns. However, the risks
associated are always high, though the return on investment sometimes cover up the
losses and sometimes do not. The stock exchange market is always very uncertain
and profits and losses are a significant part of it.
1. Italic your citation / references (in text citation)
2. References to be stated at end of every questions.
3. Break up your facts and figures clearly. (Example: As per your Q2)
4. Recommend to include charts/photos/graphs

Q4: The corporate support for Green Initiatives is driven as much by the
potential to sell new products and technologies as it is about saving the
planet. The key drivers for Green Initiatives are - corporate image, competitive
differentiation, cost saving and compliance with government regulations. What
are your personal feelings about the green movement?
In order to survive in the market, competitors need to analyze what can help them to
achieve their long term goals. They need to strategize what can be the short term
and long term objectives. It is said that it is very important to know the strengths and
weaknesses of your enemies and keep a check on their activities. The creation of
unique selling proposition is very important because to take advantage over others
one must be different from others (Sonoma, 2008).
The competitor rivalry has its advantages and disadvantages. The rivalry helps to
motivate the people and helps them to create more and more ideas and generate
new plans to survive in the market. The innovative ideas are very important because
customers always want to experience more and more things and those too new
things. The customer is the end user and all the products should be directed to the
end users because they are the ones who will help the entrepreneur survive in the
market. The entrepreneurs always keep looking for new ideas and induce those
using different methods to keep themselves motivated so that every time they can
give to the market different product and service. They need to keep innovating and
help the economy and add to the gross domestic product (Weng, et al., 2015). The
economy is developed through new inventions in the market and it even
promotes globalization as more and more investors would like to invest in the market
if the percentage gross domestic product is better.
1. Italic your citation / references (in text citation)
2. References to be stated at end of every questions.
3. Break up your facts and figures clearly. (Example: As per your Q2)
4. Include more facts; minimum 300 words for Q4.
5. Recommend to include charts/photos/graphs

Q5: Is culture an important factor for globalization. Why?
A Culture symbolizes the impressions, orientations, policies, practices of an
organization. It gives the employees a sense of direction and also affects the
behavior with other persons working in the organization. The strong culture has a
great impact on the values as hospitality is more effusive in the UK. Concept of time
and punctuality will be improved if an organization has strong cultural characteristics.
Also, people are highly moral people and they are very worried about their self-
image. Moreover, communication patterns and listening habits are highly affected as
the people are not very good listeners, as they normally wish to speak, guide and
philosophize. A strong organizational culture of the company has led to the growth of
industry, construction, commerce, free trade zones, transportation, tourism, farming,
fisheries, and communications sectors in the UK. The rapid development of these
sectors yields to the economic growth of UK. Companies with cultures that place a
high value on creativity, encourage their workers to take risks and improve their
performance. Culture is that consider a high value on attention to detail demands
their employees to perform their work with precise (Ceglowski, 1998). Companies
that concentrate on outcomes, but not on how the outcomes are achieved, place a
high importance on this value of organizational culture. Companies that place a high
value on this feature of organizational culture play a great deal on how their
conclusions will affect the people in their organizations. Teamwork is a very important
feature of the organizational culture as People who work for these types of
companies tend to have a positive relationship with their co-workers and seniors.
Organizations with a competitive culture place a high value on aggressiveness and
outperforming the competition at all costs. An Organization whose culture focused on
stability are rule-oriented, certain, and bureaucratic in existence.
1. Italic your citation / references (in text citation)
2. References to be stated at end of every questions.
3. Break up your facts and figures clearly. (Example: As per your Q2)
4. Recommend to include charts/photos/graphs

Q6: “Dirty money” obtained through drug trafficking, gambling, and other illicit
activities use offshore financial centers to escape the same thing as
respectable “clean capital” As senator what sort of regulations do you
support?
Anti-Money Laundering (AML)
Singapore’s financial sector faces the risk of money laundering and terrorist
activities. Monetary Authority of Singapore (MAS) is the regime to protect the country
from dirty money and protect the integrity of country financial system. A strong
enforcement is important to investigate of suspected violations and take appropriate
actions that have breached the term and conditions of the MAS regulations (Hirsch,
1986). Under a new Enforcement Department, MAS will make stronger its
enforcement functions. According to the viewpoint of Mr. Ravi Menon, who is
Managing Director of MAS, is that country is growing financially, sophistication and
connectivity, similarly the risk of criminal activities also exists in the financial system.
The monetary authority of Singapore introduces regulations to resolve the problems
and make sure that the Singapore’s financial center remains a clean, clear and
trusted (Moreno, 2016).
Swiss Banks policies: - To supervise the banking related issues as well as the stock
markets and investment funds, there is a law institution, namely FINMA (Swiss
financial market supervisory Authority) in the month of May Switzerland comes into a
contract with Europe that will in effect end the special privacy of Swiss bank clients.
According to this agreement, from 2018, both the countries will share the information
automatically on the financial accounts of each other residents.
1. Italic your citation / references (in text citation)
2. References to be stated at end of every questions.
3. Break up your facts and figures clearly. (Example: As per your Q2)
4. Include more facts; minimum 300 words for Q6. Recommend to add the Monetary
Authority of Singapore (MAS) policies.
5. Recommend to include charts/photos/graphs

Q7: Compare and contrast two countries and see how their international policy
has changed the future of their country. (i.e. North Korea and any other
country)
The North Korea and Tokyo have different international policies and both the policies
changed the future of their country.
North Korea
1. The North Korea city holds many
international events and in the recent
years the number has increased. The
number increased to 531 which are
considered to be the highest in terms
of holding conferences and events.
The city has many furnished
conference halls, exhibition halls
covering a huge area, reception halls
etc.
2. The city is the largest hub of air,
ground and rail transportation in the
country for both domestic and
international purposes. The public
transportation of North Korea is
considered to be the cleanest and
efficient system in the entire country
with all the facilities and convenience
(Fouse, 2004).
3. In the year 1990 North Korea stock
exchange has accounted for almost
60% of the world market value in
relation to stock.
Japan
1. Rise in information system have given
high hopes that the scale of cloud
services in the market will continue to
increase.
2. Tokyo is working hard to invest and
spread its branches in the foreign
markets as well as making efforts to
bring foreign companies in its own
vicinity to work with. Tokyo doesn’t
leave any area untouched and is
progressing in every field, be it
sciences, aviation, textiles etc.
3. Japan also accounted 70% a large
amount of the world market in relation
to securities and investments.

4. The huge number of corporations
involved in the businesses targeting
foreign markets is stretching towards
giving products and services after
analyzing the needs of the customers
and understanding their needs and
behavior and then providing them
with the product thereby leading to
the full satisfaction of the customers.
5. The people around the world along
with the resources gather in the city
and make best possible efforts to
create wonders in different fields
including finances and other
activities.
6. Amongst the different industries of
North Korea there exists automobile
industry, transport equipment,
electronic apparatus, optical goods,
furniture and a huge variety of
consumer goods. It also includes
printing as well as publishing.
4. Globalized economy, which is highly
and smoothly going up and the
declining domestic demand and
various other factors, the number of
businesses which are entering in the
foreign markets is increasing (Weng, et
al., 2015).
5. The process of selection of employees
in the company is a fair and least
inconvenience is caused to them and
many recreational activities are
arranged for the employees of the
companies to make them feel better
and provide better results. This is one
of the major unique selling propositions
of the companies working in Tokyo.
6. Corporations involved in various
business activities focus on
environment, medical health care and
welfare and information &
communications technology are
emphasizing on the needs of the
market and generating revenues
thereby adding to the economy of
Tokyo.

The number of applications related to patents is led by the individuals of Tokyo and
comes under the highest levels worldwide and also includes numerous patent
applications led outside of the country of Japan. Patents are used as a part of the
research by universities; corporations and another entity are specifically frequent in
the fields of communications and information as well as life sciences. Technology
plays a vital role in the international business of both countries.
1. Italic your citation / references (in text citation)
2. References to be stated at end of every questions.
3. Conclusion?
4. Recommend to include charts/photos/graphs
5. Pls find below sample T chart and areas to focus in.
International /
Foreign Policies
Performance of
Singapore
Performance of
Thailand
Remarks:
1. Tourist arriving in
Asia / wanting to
competitive
% arriving in Asia
choosing Spore=??%
2016
Implications:
% arriving in Asia
choosing Thailand=??
% 2016
Implications:
2. Stability of govt in
order to have
consistent international
policies / govt
transparency
Stable / proper
succession planning.
Implications:
Frequent military coup /
unstable policies.
Implications:
3. Govt assistance to
attract investment /
setting up of
appropriate agencies
ie. International
Enterprise
Ref: Ease of doing
business, ranking 2th
DB 2016
Ref: Ease of doing
business, ranking 46th
DB 2016
4. Quality of govt /
corruption perception
index by Transparency
International
Ranked 8 least corrupt Ranked 76 least
corrupt