Economic globalization: It is the expansion of the economic relations of a country with other countries of the world. Let's start with elements like culture, despite again, the integration of markets, and better communication, and all these kinds of things. The kind of capitalism that you find in Western Europe is not the same one as the one you find in places like Russia or the United States within Western Europe, capitalism in Britain is not the same as capitalism in Germany or Norway. 140 0 obj
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For multinational was going to be lost and it's not happened, people from, let's say, I'm an American multinational, still tend to hire Americans, same for the Japanese, same for the French, and so on. hWmo8+jE$NU%ZJ] The implications of these slack of conversions cover most aspects of how a multi national operates in the global economy they go from what you offer in a particular country, how you offer that product or service. % 
It can be both progressive or defensive.3. This course seeks to help you understand the forces of globalization and how cross-cultural management and the relationship of a multinational organization to various host countries is becoming more and more critical in todays global economy. =,`4TB~G/iE:|7P}t4#ptY%KE}c*Nt[=BD]Hi^':u#t.yvv,Sd1x;W1d Z-j@B],pyU :S5 Now what was believed was that an adoption of market reforms meant that the world was as I mentioned before converging towards some homogenate, because it was believed, okay, now we're all. The Golden India-From The Beginning to 1206 AD, 2. So it's been discovered that, people tend to, when going online to read about the news, they tend to go to the sources at least from their country or countries that are very associated to their countries. %%EOF
We'll explore each one of these elements of the CAGE analysis in the next videos. And second, we're going to then explore how to deal with these heterogenous world and what tools have been developed in order to analyze these great degree of diversity. Starting in the late 1990s, globalization became a buzzword to describe the apparent integration of markets in the world economy. Verma & Dr. V.K. Please rate us to serve you better. hb```f`` Globalization is the process by which a business or any organization can develop International influence or can start operating on an international level. Which has had very important political consequences related to the two previous points, it's been discovered that, probably and surprisingly, people still prefer what is familiar to them. << /Length 4 0 R /Filter /FlateDecode >> stream So again, people, despite all of the globalization, even in these Issues that might sound superficial, like where do you get your news from? Consumer and Legal Awareness and Right to Information, 20. 
G{}EzS+i02Wd^5dH^TD) R.,~8[q Understand how we got to the present moment of globalization and why it matters Resistance and Struggle with The British Empire, 18. It is a very broad concept that includes many entities such as globalization of language, culture, etc. Learn from IITians, NITians, Doctors & Academic Experts, Dr. P.S. Reality shows that this did not happen. Let's take one example, now you can read newspapers from pretty much every country of the world online. Evaluate the effects of international trade regulations on international business All these kinds of things did not disappear with globalization, people might still consume Many products of many other countries.
And a lot of people only were even talking about the world that it's becoming, and that the convergence was many times related to this idea of Americanization of the world. Many authors and pundits claimed that the world was converging towards a market-friendly democratic place, while gurus and consulting firms were rapidly producing formulae and advice on how to make profits out of the global economy. 
So again, this is another aspect in which no convergence again and this has implications for business. I would highly recommend it to get good knowledge of mechanism of world economy.! Features and New Trends of Indian Economy, 1. Let's say a British person is not necessarily, reading an Australian newspaper, even though it's in English and even though that person can write comments on that. [MUSIC] When the last globalization stage started in the 1990s, there was this belief among many of those celebrating globalization that the world was going to start converging towards a more homogeneous place. {{R='Qg0Zo6[(v8jYYV>>7W5XyUr6L98VNeKwTt2/}_-nUz2s8M7lZ,m\uPelBx[XQBgD>F0U This leads us to another aspect in which there was no convergence which are political systems with the fall of many dictatorships in Latin America, or South East Asia. You could have a CEO from foreign country, a board composed from the people from many other countries, employees from all over the world, so it was believed that national Identity. The most recent global economy started with the adoption of market reforms particularly in former communist countries. The world realized, in the last few years, that actually people tend to like their culture. A second element that was believed was going to happen or we were going to witness was more like a borderless world. This is a great learning experience. [MUSIC]. Again, there was no convergence in their economic system and there's no convergence either on the way they manage their economies. Agarwal Solutions, RBSE Solutions for Class 10 Social Science, RBSE Solutions for Class 10 Social Science Chapter 15 - Features and New Trends of Indian Economy, Lakhmir Singh & Manjit Kaur Class 8 Science, Lakhmir Singh & Manjit Kaur Solutions Class 9, Lakhmir Singh & Manjit Kaur Solutions Class 10, CBSE Previous Year Question Papers Class 10, CBSE Previous Year Question Papers Class 12, CBSE Class 12 Physics Question Paper 2019, CBSE Class 12 Chemistry Question Paper 2019, CBSE Class 12 Biology Question Paper 2019. During the 1990s, many analysts forecasted a global cultural, economic, and political convergence. They like certain lifestyles they grew up with, they like their food, their music, their soap operas, their TV. Because of globalization nationalism became stronger in all over the world, I mean we've seen examples of different ethic groups in different countries trying to call for independents like the Catalonians in Spain, like the Scottish in Great Britain. 0
CbPXpDMCKT,*5]U&Kcdg^5\J]Zp)+#j3^:N#.G[unUY>I:mRj8,7n0'Gi@XRhGLbWA'bP.Q;w3YB#NnvfGg=a{_acCpHig?9Db1U3. This module provides tools for this type of analysis and ways to determine how they affect businesses. Capitalist countries and therefore things are going to look similar, again, this is not exactly what happened and there is a whole literature that has stopped about varieties of capitalism. Now this is not the case, elections are not conduct in the same way all over the place, they are not equally clean, even the constitutions are not written in the same way. Military globalization: It is the expanding of the military powers of the country across the globe.This involves nuclear military weapons, radiation weapons, etc. Module 2: The Big Disappointment: The World Did Not Converge. Evaluate when and why companies operate as multinationals *jV)fPv`\N~':(=@{z_q =Z4/`jf\ LW Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/. e`a`eb@ !+s|6o=A}f?x2K8W0YNQ&e;^9.-P;#';jUdzfN|d6-1SK7mdvmlAV&{2Z7N=zJ,++6CV@xzG^6kirwwzU$^
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P3AVUm{Dj[p}yUz'#}J:X;UW|2~d=8\U' In the 1990s there was this widely held belief that the with the creation of global firms, firms were going to lose national identity, that you we're going to have a CEO from one place and abort try compose like people from many places and employees also from all over the world. So actually the contact with people from other places of the world and the accessibility of products of many places of the world, instead of making the world borderless, made the world in many places more jealous about protecting their national identity. }u}J>/&V@7S [4duKA'"c;)kADB|4(H`FBLX@79PRE#\K2 WI@SO//n6/s0 z;F##K#)^zO7PVD~%B@oW/|
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4$aKiq|C!lTA9%sK And again, the adoption of market oriented reforms there was this idea, again, that the world was convergence towards what is known as liberal market friendly democracies. And the way a country like South Korea Has become an economic power, well it's a capitalist country but that follows a different path like let's say, dominated by business groups as opposed to the kind of American capitalism dominated by big firms focused on a particular segment of the industry. Local meaning, people from the headquarters of the multinationals, in the 1990s and 2000s, there was this big idea that global corporations we're going to be citizen less we're not going to have any particular citizenship. It's still people read from or still people to go the familiar elements, similar to what happens with something that looks superficial, as where do you read the newspaper We see consequences with global firms. %PDF-1.5
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At a degree, there's some truth on this, but in general firms, let's say American firms, it's been discovered, still tend to hire more Americans, Japanese firms, Japanese people and so on. Struggling Period of India-From 1206 AD to 1757 AD, 3. I mean, since tariffs were decreasing, the idea that the fact that moves we're going to be moving around and people were going to be moving around, we're going to make the nation state increasingly irrelevant. The course is very interesting and insightful. It's been shown that many big multinationals still hire people from the country they're coming from. It has four dimensions.1. It includes activities such as a new economic order, internationalization of trade and increasing the role of International Trade institutions.2. endstream
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Now, if there is something that was witnessed between the 1990s and the early 21st century, in this last stage of globalization, was that sometimes despite of globalization or actually.
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