Annotated Bibliography on Globalization and its Effects (MBS538)

This assignment presents an annotated bibliography on globalization, encompassing four distinct articles that delve into its multifaceted impacts. The first article examines the interplay between globalization and localization in international business, highlighting the importance of adapting to local markets. The second article focuses on the effects of globalization on the economic growth of developing countries, differentiating between economic, political, and social aspects. The third article analyzes the role of globalization in reducing ethnic inequality and exclusion. The final article explores the need for strategic measures to assess competitiveness in the face of globalization. The bibliography concludes with a synthesized overview of globalization's broad effects on international businesses, economic development, and social dynamics, emphasizing the advantages and disadvantages, and the importance of strategic adaptation.

Running head: ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
Name of the Student
Name of the University
Author Note

1
ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
Table of Contents
Annotated bibliography 1...........................................................................................................2
Sun, B., & Yan, X. (2015, November). Comparative Research on the Globalization and
Localization of International Business. In 2015 International Conference on Social Science,
Education Management and Sports Education. Atlantis Press..................................................2
Annotated bibliography 2...........................................................................................................3
Kilic, C. (2015). Effects of Globalization on Economic Growth: Panel Data Analysis for
Developing Countries. Petroleum-Gas University of Ploiesti Bulletin, Technical
Series, 67(1)...........................................................................................................................3
Annotated bibliography 3...........................................................................................................4
Bormann, N. C., Cederman, L. E., Pengl, Y., & Weidmann, N. B. (2016, January).
Globalization, exclusion, and ethnic inequality. In European Network of Conflict
Researchers Conference, Geneva, January (pp. 21-22).........................................................4
Annotated bibliography 4...........................................................................................................5
Vlados, C. M., Deniozos, N., Chatzinikolaou, D., & Demertzis, M. (2018). Perceiving
competitiveness under the restructuring process of globalization. International Journal of
Business and Management, 13(8), 135-153...........................................................................5

2
ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
Annotated bibliography 1
Sun, B., & Yan, X. (2015, November). Comparative Research on the
Globalization and Localization of International Business. In 2015
International Conference on Social Science, Education Management and
Sports Education. Atlantis Press.
This article talks about internationalization and the benefits and the disadvantages of
globalization in the world today. The authors introduce the concept of localization in this
paper that has benefitted many organizations. The article suggests that globalization has
paved way for international business and without globalization the world would have not
been developed the way it is now. The authors of the article suggest that it is important for
organizations to act local and think globally. In order to make a business successful in
another country it is important for the organization to understand the local market to cater to
their needs. However, other authors disagree to this fact and think companies setting up
business in other countries should not act locally as this makes no difference and makes the
international and local market look almost the same (Vendrell-Herrero et al., 2017)
This paper is a detailed paper that states the merits and demerits of globalization and
why it is necessary for companies to act locally to cater to the needs of the local market.
However this paper does not provide a detailed analysis on the demerits of globalization.

3
ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
Annotated bibliography 2
Kilic, C. (2015). Effects of Globalization on Economic Growth: Panel Data
Analysis for Developing Countries. Petroleum-Gas University of Ploiesti Bulletin,
Technical Series, 67(1).
This article explores and states the effects of social, political and economic
globalization on the growth of the developing countries. The paper states that developing
countries have had a positive impact due to political and economic globalization. However
developing countries have been affected negatively because of social globalization. In the
article the authors state that globalization has paved way for technical change, financial
integration, international labor flows and international trade that results in the economic
growth in a developing country. However social globalization has affected the developing
countries negatively. However many scholars have argues with the fact that social
globalization has been beneficial for developing countries in many ways and stating one of
the ways is providing job opportunities to many people (Lee & Vivarelli, 2013).
This paper talks about the political, economic and social globalization and their
effects. In this paper the author puts emphasis on the effects of globalization on the economic
growth. However the paper does not mention a detailed argument and an overview of the
effects of social and political globalization making the paper vague.

4
ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
Annotated bibliography 3
Bormann, N. C., Cederman, L. E., Pengl, Y., & Weidmann, N. B. (2016,
January). Globalization, exclusion, and ethnic inequality. In European Network
of Conflict Researchers Conference, Geneva, January (pp. 21-22).
This article states that globalization has too some extent reduced ethnic inequality and
exclusion in many countries. This article puts emphasis on the background of ethnic
inequality and exclusion that has been a problem from a very long time and that countries in
this century are trying to make rules and regulations to ensure inclusion and want countries to
have ethnic equality. The article states that globalization has however paved for equality.
Globalization has made many people come together and work efficiently together under the
same roof that has helped in diminishing ethnic inequality and exclusion. Other scholar
support the statement saying that globalization crushes cultural differences, it wears down the
local beliefs and the customs of the people and spreads and promotes a capitalist and a
secular way of life (Mishra, 2019). On the contrary other author has stated the competition
that is promoted generally by the free market economy mostly fail to reduce inequality
(Andre, 2018).
This article states the fact about globalization playing a huge role to erode ethnic
inequality and exclusion however fails to give a detailed article as to how globalization helps
in reducing inequality.

5
ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
Annotated bibliography 4
Vlados, C. M., Deniozos, N., Chatzinikolaou, D., & Demertzis, M. (2018).
Perceiving competitiveness under the restructuring process of
globalization. International Journal of Business and Management, 13(8), 135-153.
This article states that new strategic measures need to be taken to assess the
competitiveness during the phase of globalization. This article states that globalization has
encouraged organizations to expand their business to generate more revenues. This has
resulted in several businesses to expand that have paved way for tough competition in the
market. Authors have agreed to the statement saying that because of the high competition in
the market companies are making strategic changes and implementations in order to gain a
competitive advantage in the market (Verter & Osakwe, 2015). Thus it is important for
companies to make introduce and make new strategic measures to assess the competitiveness
in the market so that they can come up with innovative ideas to cater to the needs of the
audience.
This article is a detailed paper on globalization and the effects it has had on the
businesses and how globalization has led companies to make strategic measures to gain a
competitive advantage over other companies in the market. However this article does not
mention new strategic measures that need to be taken to assess the competitiveness but gives
a brief overview on this subject.
Globalization is a phenomenon that has had a huge impact on the world. It has not
only affected the corporate sector but also has had a huge impact on the lives of the people. It
has been seen that globalization has helped in eradicating social issues like ethnic inequality
and exclusion. Globalization has mainly impacted the international businesses and their
operations. Globalization has encouraged companies and organizations to take a localized

6
ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
approach in terms of operating their business to make people feel that the companies are
making these changes to satisfy the needs of the customers that make the customers feel
important which results in the positive sales of the organization and the companies.
Globalization has also affected the economic growth of the developing countries that the
countries required and this has helped countries to develop positively and sustainably.
Globalization is the major reason for the immense and tough competition of companies and
organizations in the market. Several countries are there who have expanded their business
and constantly making innovative and operational changes for customer satisfaction.
Companies are banking on the effective changes and gaining competitive advantage in the
market. This has led to making strategic measures to assess the competitiveness of other
companies and try to outshine the companies in order to meet the organizational goals and to
cater to the needs of the customers. Globalization however has some disadvantages that have
been presented as a contrast to the arguments and the ideas presented in the paper. However
globalization is an important aspect and has helped in the growth of the economy of the
world.

7
ANNOTATED BIBLIOGRAPHY: GLOBALIZATION
Reference
Andre, A. U. (2018). Globalization, Inequality, and a Need for a Society as Fair System of
Social Cooperation.
Lee, E., & Vivarelli, M. (2013). The social impact of globalization in the developing
countries. Int'l Lab. Rev., 145, 167.
Mishra, V. (2019). Religion and Globalization.
Vendrell-Herrero, F., Gomes, E., Mellahi, K., & Child, J. (2017). Building international
business bridges in geographically isolated areas: The role of foreign market focus
and outward looking competences in Latin American SMEs. Journal of World
Business, 52(4), 489-502.
Verter, N., & Osakwe, C. N. (2015). Market competitiveness of the Czech economy in the era
of globalization: Some new empirical insights. Mediterranean Journal of Social
Sciences.