The process of globalization will increase the significance of the ability of the company to get adapted to the multicultural environment. In fact, companies will need to be able to work in different cultural contexts that means that they should be able to meet the needs and expectations of consumers that have quite different socio-cultural background, traditions, values, etc. In fact, consumers play traditionally important role in the functioning of companies.
This trend may be easily traced at the present moment as well as in the past. The substantial difference that companies should expect in the future is the mentioned above cultural diversity they should get ready to adapt to.
In other words, they should develop flexible strategies of their business development in order to make their adaptation to local markets more effective and easier.
At the same time, one of the major trends that will define the future economic and, in all probability, political development of the world is the decreasing role of nation states.
In this respect, it should be said that K. Ohmae lays emphasis on the fact that the significance of nation states will steadily decrease, while regions will become determinant in the economic development of the world What is meant here is the fact that, as K. Ohmae attempts to forecast the future development of the world economy, he reveals the trend to the regionalization.
Basically, the nation state will be less important compared to certain regions, which may occupy either a part of a country or stretch out over the territory of several states. In this regard, the researcher draws the example of the contemporary China, which economy tends to regionalization even nowadays, to the extent that, in spite of the existence of the authoritarian political system, the country is able to develop its regions the economic power and potential of which varies dramatically.
For instance, Dalian in China may be viewed as an example of one of such regions. On analyzing the future development of the world, K Ohmae indicates to several regions, which are particularly perspective to him, such as Hainan Island, the Baltic Corner, Petropavlovsk-Kamchatsky in Russia, Sao Paolo in Brazil and some others Basically, he underlines that these regions will be particularly attractive for the economic development and may become major economic centers in the future.
In fact, they may be compared to contemporary economically significant regions. The trend to regionalization will accompany the natural process of the decreasing of the significance of the nation states. Their traditional protectionist role will become weaker and absolutely irrelevant to the objective reality of the future globalized economy.
If nowadays, nation states can form trading blocs, influence the economic development of the entire country, than in the future the role of regions will more likely to outweigh the significance of nation states and trading blocs. In actuality, there will be no need in the development of protectionist policy in terms of nation states because even nowadays fiscal barriers between countries disappear. In the situation when national economies are actually open and are not protected by any fiscal barriers, it will be quite logical that regions that are economically advanced or that have larger economic potential will develop faster than backwardness stricken regions.
It is possible to name different factors that can influence economic development of regions, such as intellectual and educational potential, qualification and the cost of the regional labor force, natural resources, etc. In such a situation, K. Ohmae argues that the proper geographical entity that should be taken into consideration in the process of business decision making is region, which, according to the author, should have at least ten million people and be a part of a country Consequently, it is possible to forecast the emergence of new economic centers and the further development of the existing ones as economic centers in global terms which are open for all companies of the world and the global capital may be accumulated.
At the same time, the trend to the regionalization will make the role of nation states absolutely insignificant. In fact, the current integration of European nation states into the EU may be viewed as evidence of the decreasing role of states in the world politics and economy. In the future, the protectionist functions of the nation states will become absolutely irrelevant and, therefore, paradigms for making national political and economic policy will be obsolete.
Ohmae argues that even nowadays national political and economic policy can hardly encompass solutions and money flows involving other countries.
Furthermore, the competitiveness that grows stronger in the contemporary world under the impact of the process of globalization will remain one of the central factors that will define the economic development at large and development of businesses of particular companies.
Nowadays, it is possible to trace the link between globalization and growing competitiveness because companies, especially large multinational corporations got larger opportunities to enter new markets and develop new businesses. At the same time, the market expansion will be one of the main priorities in the economic development of companies because it can provide them with ample opportunities not only to enter new markets but rather to gain a larger share of the global market.
On the other hand, the future competitiveness will be, to a significant extent, defined by the development of more common platforms, which do not obligatory refer to economic sphere directly. Ohmae underlines that such platforms as Windows, Internet will become more and more significant and their global spread will enhance the competitiveness and make the position of companies more equal or competitive.
At any rate, it can provide them with the same platform on the basis of which they could develop their businesses and it is their strategies and decisions that will define the extent to which the effectiveness of using these common platforms will be high.
Among other common platforms, it is possible to single out English. At first glance, language has little in common with the contemporary business, but in the future, English can become the universal platform, the natural basis of communication between people. In this respect, it is necessary to emphasize that the use of common language will contribute to the elimination of cultural barriers and, therefore, it will increase the communication and interaction between people and companies that will naturally contribute to the more effective market performance, increase productivity and effectiveness of work.
Finally, it should be said that K. Ohmae indicates to the significant impact of the changes, which are occurring and will occur in the borderless world in the result of the further development of the process of globalization, on political and economic leaders He underlines that global changes will need the change in the traditional leadership style and political and economic leaders should take into consideration all the changes that could occur in the future and react respectively to the changing environment in order to take really effective decisions.
Thus, taking into account all above mentioned, it is possible to conclude that K. Ohmae creates a noteworthy forecast of the future development of the world. To put it more precisely, he attempts to forecast how the process of globalization will affect the world and business.
In fact, the changes suggested by the researcher are extremely significant and can change the traditional view on economic and political development of the world completely. All free online research papers, research paper samples and example research papers on Globalization topics are plagiarized and cannot be fully used in your high school, college or university education. If you need a custom research paper, research proposal, essay, dissertation, thesis paper or term paper on your topic, EffectivePapers.
We work with experienced PhD. Posted by effectivepapers at 3: Newer Post Older Post Home. Some words about us: That was a second transformation — post fordism — which led to the second rise of economic growth. Along with process engineering, the second transformation is making transformations not only how we produce things, but also how we live and what we consume accordingly.
Reschenthaler and Thompson , pp. So, globalization must be illustrated as a difficult and multidimensional phenomenon that includes various levels, flows, and conflicts as well as its possible future. A critical theory of globalization deals with the reality of globalization, its authority and influence. However, it also studies different forces of resistance and fight that try to resist to the most destructive sides of globalization or global forces.
For example, the constant issue of local and political fight with complex causes is race, ethnicity, class and nationalist problem. It is well-known that the period from the end of s to the present time is characterized by a rise of traditionalism, nationalism, and religious fundamentalism along with increasing globalization.
It is also worth to admit that the resurgence of regional, cultural, and religious differences in the former USSR and Yugoslavia along with intensive tribal conflicts in Africa and in other places allows us to make a suggestion that globalization and homogenization were not so much connected and deep as it was considered by its supporters and critics.
In result, culture has become a new source of conflict and an essential indicator of fight between the local and the global. The other important reason of resistance and struggle is the gender inequality and difference. At the level of policy, the influence of globalization on women and gender relations is still ignored on the national and international levels. Due to gender inequalities and discrimination in many countries worldwide, globalization processes may render their negative influence on women in greater degree than on men.
Nevertheless, many advocates of women admit that globalization influences various groups of women differently. It even creates new treatment standards for women, and assists some groups of women to mobilize. Thus, the role of globalization for many women is still in debate and it is evidently different.
Consequently, globalization is very complex concept and it stimulates to occurrence of different theories, economical, political and cultural studies. There are a lot of reasons due to which globalization has been perceived as mainly an economic phenomenon that additionally has had an evident impact on political, social, and cultural life. Economic globalization means, that it is a long-run upward tendency. Thus, it will be useful to measure globalization.
There is a lot of various indicators of economic globalization and they may or may not illustrate familiar patterns in regards to change over time.
Trade globalization can be distinguished as the certain share of the production all over the world. Investment globalization would be the share of all world capital invested that belongs to non-nationals capital in the world that belongs to non-nationals i.
Also it is possible to investigate the degree of economic integration of countries by defining the extent to which national economic growth rates correspond to each other in the world countries. From the economic point of view, globalization is connected with the transnationalization and deterritorialization of industry and capital, which has permitted companies to cross national borders and to travel over the world to succeed from cheaper labor and to open, develop and promote new markets for different services and goods.
In addition, economic globalization has been connected with the occurrence of international free trade agreements as the General Agreement on Tariffs and Trades GATT , and the foundation of an around-the-clock global financial market Szeman , p. Contemporary patterns of economic globalization have been much connected with a new development of the relationship between markets and states.
Together with financial integration, the operations of multinational corporations also played the important role. They integrated national and local economies into global and regional production networks. Due to such conditions, national economies are no longer autonomous systems of wealth creation since national boundaries no longer function as essential barriers to the organization of economic activity and its conduct Held and McGrew. As it was above-mentioned, the multinational corporation further — MNCs was significant to the establishment of a new global capitalist order.
Modern transnational production essentially exceeds the level of global exports and has become the main means for exporting services and goods. According to some estimates, multinational corporations now make for at least 20 per cent of world production and 70 per cent of world trade Held and McGrew. Economic globalization has also been characterized by an evident internationalization of political power connected with a relevant globalization of political activity.
Thus, it is worth to deal with the political meaning of globalization. A special attention has been paid to the threats caused by globalization in regards of the sovereignty and power of nation-states and accordingly, on the occurrence of new sites of transnational politics placed in global cities, international organizations such as NGOs and the United Nations and transnational corporations Szeman , pp.
At that time global cities were the spaces where labor, capital, infrastructure, and information are concentrated Irvine It means that global cities are the nodes of cyberspace, the space of flows including the simultaneous concentration and decentralization of people, economic activity, communications, technical infrastructure, and information Irvine From the point of the diffusion of cultural productions on the Net, cultural globalization follows the logic of urban concentration in the global information economy.
In turn, cyberpace is a segmented and segregated space that is similar to global cities where IT infrastructure, firms, capital, labor, and services are concentrated, as it was already above mentioned. Research of the politics of globalization consists of estimation of the growing militarization of global relations, the occurrence of new nationalisms and ethnic confrontations, and the intensive migrations of peoples across regions or even across the world.
This process concerns essential problems on notions of cultural belonging and citizenship in almost all countries in the West Szeman The concept of globalization has also been researched in regards of the development of new communication technologies that are significant in destroying our world spatially.
With the help of these global communication technologies, it has become possible to perceive our globe as a single space shared by all human beings. It does not only mean that with the help of computer and communication technologies we can instantaneously transmit and transfer information each other all over the world. It mainly means that by circulating of information, images and ideas, people and especially global elites around the globe can find similar cultural referents.
Today people in different countries can see the same news events or TV-show programs. Now it is evidently clear for all interesting hybrid cultural forms of global culture that the global distribution of cultural forms and ideas hardly equal.
Probably, it is just here the study of globalization and postcolonial studies is most clearly imposed. The relationship between globalization and the specific issues of postcolonial studies is too difficult and complex.
This can be partially explained by distinctions in emphasis and that these two concepts have the disciplinary origins. In usual, globalization is still a term used mainly in the social sciences, where it is employed to depict contemporary Western experience, but postcolonial studies are introduced in the humanities and pay their main attention on the practices and experiences of non-Western countries, especially in the case if they are related to Western economic, cultural and political priority.
The primary issues of postcolonial studies have been determined in accordance with the complex consequences of 19th and 20th-centuries — imperialism and colonialism.
In this paper I will argue that globalization is the cause of most recent illicit networks. Illicit networks are a form of behaviour institution that do not follow the rules or laws of the government.
This sample research paper on globalization and development will explore increasing relationships between people, and economic trade among different countries/5(7).
Mar 17, · Research Paper on Globalization The process of globalization has defined the development of the world economy during the last couple of decades. Basically, this process affects the world at the present moment as well and, what is more, the impact of globalization . Research papers on international economics study the integration of world economies. In our increasingly globalized world, international economics affects productivity, imports and exports, technology, and growth rates. Some of the trends in international economics are: How to Write a Research Paper on Globalization.