Case Analysis

Definition

Globalization is a new phenomenon which becomes increasingly apparent in the world since the 1980s. It is the basic characteristic of the present era. Globalization has no uniform definition. Generally speaking, from the physical form, globalization refers to the cross-border flow of goods and capital, which experiences the several stages, including the multinational, local, international and global development. The cross-border flow of goods and capital is the first form of globalization. In this process, there have been the regional and international economic organizations and economic entities, as well as the multinational exchange collision, conflict, and integration of culture, lifestyle, values​​ and ideologies.

The term globalization has been in increasing use since the mid 1980s and especially since the mid 1990s. In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people and the dissemination of knowledge. Further, environmental challenges such as climate change, cross-boundary water and air pollution, and over-fishing of the ocean are linked with globalization. Globalizing processes affect and are affected by business and work organization, economics, socio-cultural resources, and the natural environment.

Different perspectives of globalization

Perspective1.The first perspective is the hyper globalist perspective. This perspective argues that past history and current economics have joined together to create a new relationship where nations are uniting both economically and politically. It is necessary for countries to band together in both of these aspects in order to be successful in the globalized world. Countries that are not uniting are being left behind in the new globalized world that we live in today. This perspective views that the world economy is controlled more by the current marketplace than by...