The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments: Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis.
By Team Work Globalization Globalization is the process of integration and exchange of economic, social, and cultural aspect of people beyond national boundaries.
Meaning of Globalization and its Advantages and Disadvantages Globalization refers to the situation when individuals, groups, associations, businesses, social organizations work on international scale. For example, various social service organizations are working at international level for improving the living condition of the people belonging to socially deprived classes.
Improved transport system, particularly airways and seaways, have to be credited for massive globalization. Movement between countries has become a matter of few hours.
The increased clarity over international laws have promoted businesses to go beyond national limits. The telecommunication infrastructure and internet has made the world even smaller. The recent technological inventions has brought down the cost of voice conferencing.
International webinars are held now and then. Due to deep penetration of Internet, even small eCommerce companies are making cross-border transactions.
An increased sense of humanity, and the brotherly feeling towards global community, has inspired organization to serve people around the world. Movement of people to foreign countries a for education in international universities, and b for looking for better job opportunities.
For example, Indian people form the largest diaspora in the world. Economic Globalization In the present age of globalization, the economy of countries are inter-dependent. If the economy of one country fall in danger, other countries also feel the pain.
Businesses are engaged in international transactions. Export-import among countries involves a massive amount of money.
MB - Download as Word Doc .doc /.docx), PDF File .pdf), Text File .txt) or read online. Q.1 Ans. Write a short note on GATT and WTO, highlighting the difference between the two. (10 Marks) General Agreement on Tariff and Trade (GATT): The GATT, was established on a provisional basis after the Second World War in the wake of other new multilateral institutions dedicated to international economic cooperation – notably the " ritton Woods" institutions now known as the World ank. Write a short note on World trade organization (WTO). 3. Briefly describe the exim policy of India (one part of India‟s export import policy). Mail us at: [email protected] or contact at Master of Business Administration- MBA Semester 4 MB kaja-net.comion • In the education section of your resume, list the schools you.
For example, China has become a massive manufacturing hub. The electronic goods manufactured in China are sold across almost every country of the world.
Multinational-companies have economic interest across several nations. They have big market and make huge investment in foreign countries. A decline in demand in one country affects the overall performance of these companies. Cross-border merger and acquisitions Due to Globalization, there has been an increase in cross-border Merger and acquisitions.
Tata Steel, an Indian company, had acquired Corus British steel making company. Mittal Steel had taken over another steel company Arcelor in The merged entity, ArcelorMittal became the largest steel producer in the world.
Many BPO services are provided from remote places. Their services are hired by companies around the world. Due to Globalization, the world is getting smaller every day. Cultural exchange and philanthropic activities As a result of globalization, we see cultural exchange among communities.
People get the opportunity to exchange ideas and adopt better means of living. For example, the western culture is adopting traditional meditation practices of the east.
The eastern people are following the fashion trend of the west. In a global environment, the cultures merge and assimilate together.
Many philanthropic and social organisation are promoting the concept of universal brotherhood. They work for the betterment of entire humanity.
They work towards improving the living condition of poor people. They also donate on health programs. Environmental and other global issues Various environmental issues have emerged as Global issues.
Global warmingair pollution, soil pollution, deforestationetc.
The countries are interdependent on each other. The need of the hour is to act together against various environmental and other Global issues so as to ensure a safer world.Write a note on Globalization. Ans: According to business terminologies, globalization is defined as ‘the worldwide trend of businesses expanding beyond their domestic boundaries’.
Master of Business Administration - Semester 4 MB “International Business Management” (Book ID: B) ASSIGNMENT- Set 1 Question 1: Write a note on .
Write a short note on World trade organization (WTO). 3. Briefly describe the exim policy of India (one part of India‟s export import policy). Mail us at: [email protected] or contact at Master of Business Administration- MBA Semester 4 MB kaja-net.comion • In the education section of your resume, list the schools you.
Mb assignment 1. MB –International Business Management Q1. Write a note on Globalisation. Ans. Globalisation means integrating the domestic economy with the world economy. Q1.
Write a note on Globalization Ans: Globalization is the process of increasing connectivity and interdependence of the world’s market and businesses. It is a way of interacting among countries to develop global economy. Globalization is the integration of economies of the world through trade. Mar 15, · MB –International Business Management 1.“The world economy is globalizing at an accelerating pace”.
Discuss this statement and list the benefits of globalization. Ans Globalisation is a process where businesses are dealt in markets around the world, apart from the local and national markets. Write short note on: a) .