Premium Essay

Impacts of Globalisation on Policy Making

In: Business and Management

Submitted By talal27
Words 2010
Pages 9
oduction B. − − − Are governments prepared to operate effectively in an international policy environment? How can the impacts of globalisation on democratic processes be managed to protect core values such as accountability, responsiveness, and transparency? What future do governments envisage for "global governance"? From Autonomy to Influence -- preparing for a global policy role THE IMPACTS OF GLOBALISATION ON POLICY-MAKING 1. Globalisation has changed the context in which governments operate. Even traditionally domestic issues are increasingly influenced by international actors and international events that are beyond national governments' ability to control, either individually or collectively. This has evoked a good deal of hand-wringing and fears that national policy autonomy -- or even national sovereignty -- is being undermined. These fears, while important, may be short-sighted. While globalisation poses many challenges for national governments, it also holds many opportunities. International co-operation offers new opportunities to improve overall policy effectiveness and to address common policy dilemmas. But are national governments adequately equipped to manage the problems and reap the benefits of globalisation? 2. The following discussion examines the impacts of globalisation on policy making1. It raises questions related to three main themes: 3. may international interest groups, the global newsmedia, multinational enterprises and the vagaries of globalised financial markets all influence the demands on governments and the policy options available to them. Participation in international organisations or the adoption of international agreements -- in effect, a voluntary pooling of sovereignty -- can further reduce policy-makers room to…...

Similar Documents

Premium Essay

Impacts of Globalisation

...Impacts of Globalisation The Management of People & Organisations INTRODUCTION Globalisation has significantly impacted the functionality and prosperity of people, organisations and how they are managed. Of these impacts, a vast collection of influences have lead managers to both realise and take advantage of highly rewarding business opportunities as well as confront challenges that could be detrimental to the success of their organisations. The purpose of this essay is to examine the effects of globalisation on the management of organisations and people via the analysis of particular environments including the economic, cultural, technological and sustainable environments. Each factor, having considerable correlation with each other will delve into issues including anti-capitalist backlash, parochialism and geocentric attitudes, technological acquaintance and the eco-effectiveness of decisions made by leadership. The analysis indicates that challenges managers face from globalisation in managing people and organisations will need to be addressed by the adaptation of geocentric attitudes covering the embrace of a global leadership mindset, the appreciation of cultural diversity and the development of technological know-how to accompany the existing and essential leadership skills including change management, decision making and strategic rational. ECONOMIC ENVIRONMENT Primarily considering the economic environment and the initial rise of globalisation is......

Words: 1424 - Pages: 6

Premium Essay

Impact of Globalisation on Indian Economy

... Impact of globalization on Indian economy- An overview By: Tanveer Malik Introduction Indian economy had experienced major policy changes in early 1990s. The new economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive. The series of reforms undertaken with respect to industrial sector, trade as well as financial sector aimed at making the economy more efficient. With the onset of reforms to liberalize the Indian economy in July of 1991, a new chapter has dawned for India and her billion plus population. This period of economic transition has had a tremendous impact on the overall economic development of almost all major sectors of the economy, and its effects over the last decade can hardly be overlooked. Besides, it also marks the advent of the real integration of the Indian economy into the global economy. This era of reforms has also ushered in a remarkable change in the Indian mindset, as it deviates from the traditional values held since Independence in 1947, such as „self reliance” and socialistic policies of economic development, which mainly due to the inward looking restrictive form of governance, resulted in the isolation, overall backwardness and inefficiency of the economy, amongst a host of other problems. This, despite the fact that India has always had the potential to be on the fast track to prosperity. Now that India is in the......

Words: 4444 - Pages: 18

Premium Essay

The Impact of Globalisation - Ikea

...IKEA The Impact of Globalisation Definition of Globalisation Globalisation is the process by which organisations or businesses start operations on an international scale by committing facilities and resources in foreign countries. The International Monetary Fund, (IMF) continues to believe that this will lead to global convergence through aspects of trade and transactions, capital and investment movements, migration and the movement of people and dissemination of knowledge. Mission Statement - “to create a better everyday life for the many”. Focus Areas & Goals:- Children: IKEA believe that children are the most important people in the world. By supporting their local communities, they hope to assist in children to achieve their fullest potential through development and learning. IKEA has experience in this area and can make a difference. Environment: “Low Price, but not at any price”. IKEA aim to have a positive impact on the local environment and how their business may impact upon it. Their store effectiveness, is measured on how environmentally responsible they are. (IKEA.com (2012). About IKEA, The IKEA Way) Introduction Ingvar Kamprad was born in 1926 on a farm called Elmtaryd, in the small Swedish village of Agunnaryd. At the young age of just 5, he was already showing that he was to become a successful entrepreneur by selling matches to his parent’s friends and neighbours and within two years was selling further afield by travelling to other villages......

Words: 3499 - Pages: 14

Premium Essay

Impact of Globalisation on Labor Market and Industrialisation

...Relations in the Region 12 Labor Reform Policies: 12 Globalization : 13 Economic integration 14 Change in Technology 14 Changes in Labor Law and Attitude towards Unions 15 Decentralization of Bargaining 15 Management Alteration 16 Conclusion: 17 The End . INTRODUCTION: Industrial relations today by many accounts, is in crisis. In academia, its traditional positions are threatened on one side by the dominance of mainstream economics and organizational behavior, and on the other by postmodernism. In policy-making circles, the industrial relations emphasis on institutional intervention is trumped by a neoliberal emphasis on the laissez faire promotion of free markets. In practice, labor unions are declining and fewer companies have industrial relations functions. The number of academic programs in industrial relations is therefore shrinking, and scholars are leaving the field for other areas, especially human resource management and organizational behavior. The importance of work, however, is stronger than ever, and the lessons of industrial relations remain vital. The challenge for industrial relations is to re-establish these connections with the broader academic, policy, and business worlds (Whalen, Charles J. (2008). This search is prompted because of the need to establish an IR system relevant to the emerging business environment .Identify several aspects of employment on which economic globalization may have an impact and the contributing factors......

Words: 4622 - Pages: 19

Premium Essay

The Impact of Globalisation on Multinational Companies

...Table of Contents The Impact of Globalisation on Multinational Companies 2 Introduction 2 McDonalds’ Introduction 3 Globalisation and McDonald’s 3 Globalisation strategy of McDonald 5 1. Think Globally but Act Locally 7 2. Pricing 8 3. Advertising/Promotional strategies 8 4. Social responsibility 9 Challenges for McDonald 10 Conclusion 11 Reference 12 The Impact of Globalisation on Multinational Companies Introduction Globalization is a term used to describe the trend of growth; trade practices between undertakings perform beyond the geographic and economic boundaries, so that they exist (Waters, 2001 Brinkman, Brinkman, 2002). Globalization is used to describe the nature of the dominant international trade and business, as they are no longer limited to serving specific groups of consumers in the country (Levy, Hammond and Gross, 2003), the globalization of the increase is due to the expansion of economic and capitalist drive to achieve growth, and taking existing resources , improve the degree of efficiency of the operation. Thus, globalization is also very closely related to the outsourcing companies seeking to existing units, the production moved to another country, economically sensitive wage labour. A typical example of this is the first McDonald's in 1955 as a company in California, opened in 2013, is now in 195 countries and has more than 30,000 restaurants. This process, because it is difficult to control, some multinational companies......

Words: 3182 - Pages: 13

Free Essay

Globalisation Impacts on Japan

...warrior wielding his heavy sword, while these elements do play some role in the entire concept of Japan as a whole, the entire meaning and history of the nation is larger than that. Japan globalisation impacts on culture, economy and the environment Japan globalisation impacts on culture, economy and the environment http://www.cia.gov/library/publications/the-world-factbook/geos/ja.html http://www.asiaonline.com.au/japan/attractions.html http://iml.jou.ufl.edu/projects/Spring01/Newsome/culture.html http://buna.arts.yorku.ca/japanese/ejlt/globalization.pdf http://hqwide.com/epcot-disneyland-torii-lakes-culture-japanese-architecture-wallpaper-71300/ http://www.cia.gov/library/publications/the-world-factbook/geos/ja.html http://www.asiaonline.com.au/japan/attractions.html http://iml.jou.ufl.edu/projects/Spring01/Newsome/culture.html http://buna.arts.yorku.ca/japanese/ejlt/globalization.pdf http://hqwide.com/epcot-disneyland-torii-lakes-culture-japanese-architecture-wallpaper-71300/ [Street Address] [City], [State] [Postal Code] [Web Address] [Street Address] [City], [State] [Postal Code] [Web Address] Lorem Ipsum Dolor Lorem Ipsum Dolor Bibliography Bibliography Brief Information On Japan Brief Information On Japan Globalisation Impacts Globalisation Impacts Japan’s adoption of European imperialism resulted in total devastation of both the country and many traditional values. After World War II, Japan adopted some North American values.......

Words: 1070 - Pages: 5

Premium Essay

Impact of Globalisation on South African Business

...jobs actually falling in the final quarter of the year. Over the past year, public-sector employment remained fairly buoyant while private-sector employment initially lost momentum and then began to contract. 409 Year-on-year rates of targeted consumer price inflation moderated further in the opening months of 2009, but nevertheless remained above the inflation target range of 3 to 6 per cent. Food price inflation remained stubbornly high, particularly at the level of the consumer. The deceleration in producer price inflation continued has been consistent with the slowdown in global inflation and the contraction in global demand and declining commodity prices. It was decided to increase the frequency of meetings of the Monetary Policy Committee (MPC) to monthly meetings – with the exception of July 2009 – in order to monitor and respond appropriately to the rapidly changing economic environment. The improved medium-term outlook for inflation and the widening output gap allowed the MPC to lower the repurchase rate by a cumulative total of 450 basis points over the past six months, bringing it to a level of 7,50 per cent after the committee’s May 2009 meeting. Other short-term money-market interest rates emulated the trend in the repurchase rate. Notwithstanding a significant decline in financing cost, there was a sharp deceleration in the growth in banks’ loans and advances extended to the private sector and in the broadly defined money supply (M3) during the......

Words: 2128 - Pages: 9

Free Essay

Policy Making

...Equalities Impact Assessment Corporate Communication Strategy and Action Plan Date: March 2009 EQUALITY IMPACT ASSESSMENT Equality Impact Assessment - Policies | | | |Title of policy being assessed: |Corporate Communication Strategy/Action Plan | |Department and Section: |Chief Executive’s | | |Public Relations | |Names and roles of officers completing this assessment: |Head of Public Relations | |Contact Telephone Numbers: |0116 305 6272 | |Date assessment completed: |5th March 2009 | |Defining the policy | | ...

Words: 2097 - Pages: 9

Premium Essay

Impact of Globalisation on Ir

...Impact of Globalization on IR Impact of Globalization on IR IMPACT OF GLOBALIZATION ON INDUSTRIAL RELATIONS The globalization i.e. the changes in the world economy have substantial effects on the industrial relations thereby providing the opportunity to reiterate the significance of the area in understanding the effect of these changes on the people, organizations and the nature of work. The traditional methods of IR are disturbed in several ways through the increasing international economic interdependence. Initially the IR arrangements are confined to the situations created by the national markets but the globalization has expanded the boundaries of the market place. The amount of information flows with the help of the latest technology is constructing the interconnected enterprise networks around the world, thereby doing away with the current IR arrangements. The primary drivers of change are the MNC’s. They are associations that take part in FDI and own or control profitable resources in more than one nation. The MNC’s, as producers of the universal goods and services have an influence extending beyond the urban places in the countries in which they are located. The individualism is growing in the organizations as many local enterprises in addition to the MNC’s are using the information technology to focus on the demands of the international and domestic markets. The globalization has also clearly shown the difference between the “capital” and the......

Words: 1568 - Pages: 7

Premium Essay

Steps in Policy Making

...Steps of the Policy-Making Process A policy is a positive method or strategy designated by the government, a group, an individual or institution from alternatives and to guide and usually determine present and future decisions in the light of known conditions. In this case, the policy making steps discussed will be the policy for wearing body cameras with the criminal justice agencies. There are seven steps of the policy making process. These seven steps include: problem recognition, setting an agenda, formulation of policy, legitimization of policy, setting a budget, implementation of policy, and an assessment or evaluation of policy. Each and every step of the policy making process is crucial and vital when developing a policy. In the problem recognition step the issues that affect the people and causes a demand from the government. For a situation to turn out to be a problem there needs to be an assessment that causes people to believe that the situation itself does not have to be tolerated or accepted and it has to be something that can be entrusted to be taken care of by the government. A prominent example of this step is the aftermath of the August shooting by Officer Darren Wilson in Ferguson causing the death of 18-year-old Michael Brown (Fox News, 2014). Following the problem recognition, it has to be conveyed to the public official’s attention and be placed on the agenda. Within this step is when the recognized is in fact brought to the attention of the......

Words: 497 - Pages: 2

Premium Essay

The Impact of Globalisation on the Value Chain

...The impact of globalisation on the value chain Supply Management and competitive advantage INTRODUCTION           The overall objective is to see how the supply chain management can bring competitive advantage. In addition, examine the benefits created by this tool such as reduced costs, reduced process time, quality analysis and flexible supply chain. That is, verify the changes that occurred after the implementation of this method by checking its adaptability in relation to market changes. (Ballou, 2001)           Currently logistics is showing a constant evolution, it remains one of the key elements in the company's competitive strategy. At first it was confused with the transport and storage of products. Today is the nerve centre of an integrated supply chain, working in close harmony with the modern management of the supply chain (supply chain management). She comes to all handling and storage activities that facilitate the flow of products from the point of acquisition of raw material to the point of final consumption, thinking up even in the way within the company, as well as information flows that put moving products, for the purpose of providing adequate service levels to customers at a reasonable cost. The management of logistics and information flow throughout the chain allows executives to assess strengths and weaknesses in its supply chain, helping make decisions that result in reduced costs, increased quality, among others, increasing product......

Words: 2907 - Pages: 12

Free Essay

The Impact on Globalisation on Media Industries

...Globalisation has had various and important impacts on the media industries and how they have evolved and developed. It has allowed people from all over the world to be able to share their cultural customs and engage and learn from these exchanges. This has had a particular effect on the music industry, becoming a powerfully influential tool in the global music market and cultural music practices. The changes that globalisation has caused can be either viewed as hindering expressive cultural development or providing new opportunities for cultural hybridisation. Although there are distinct fallbacks, the benefits of this new global music industry have been substantial. Globalisation facilitates the development of an enriching and creative music culture and provides credits to otherwise known cultural music, shown through the examples of Korean’s K-Pop and Nigeria’s Afrobeats. Globalisation ‘refers to the rapidly developing process of complex interconnections between societies, cultures, institutions and individuals world-wide.’ (Tomlinson, 1999, pp.165) This process is commonly depicted as a beneficial force, unifying a range of different global societies and incorporating them into a “global village”, therefore enriching all cultures involved. Globalisation in the media industry is formed through the convergence of media organisations and the reconstruction of the media industries along global lines, creating a number of transnational conglomerates with immense power.......

Words: 481 - Pages: 2

Premium Essay

Impacts of Globalisation

...Globalisation can be defined as the process by which regional economies, societies and cultures have become integrated through a global network of communication, transportation and trade. However, in this study, the focus will be on the economic dimensions of globalisation whether positive or negative. According to, Kendall 2008, “Soros, who has a more limited but very important perspective nevertheless, equates globalisation with “the free movement of capital and the increasing domination of national economies by global financial markets and multinational corporations.” Accordingly, globalisation here is defined simply as the integration of markets for goods and services, capital and labour. Globalisation has had great impacts on increased trade and corporate outsourcing, cash flows and the implementation of fiscal policy reforms in the Caribbean region. Firstly, with the increase of trade through globalisation it provides a notable opportunity for increased exports because of the dynamism of trade. Secondly, corporate outsourcing with the increase of trade volumes enhances the income flow into a region. Thirdly, structural reforms facilitated significant increase cash flow in the Caribbean. Fourthly, the implementation of fiscal policy reforms were designed to reduce expenditures and increase revenues. Firstly, with the increase of trade through globalisation it provided a notable opportunity for increased exports because of the dynamism of trade. According to, Shelah,......

Words: 1638 - Pages: 7

Premium Essay

Globalisation and Its Impact on Culture

...GLOBALISATION AND ITS IMPACT ON CULTURE Globalization can be defined as the removing of borders and barriers to facilitate easy exchange of ideas, resources and knowledge between countries. Communication is the essence of Globalization. Without communication, globalization is not possible. Globalization was introduced to India in 1991,when Manmohan Singh signed the New Economic Policy , when the Indian government introduced a set of reforms for the ailing Indian economy to prevent it from going to further crisis. These reforms were the Liberalization, Privatization and Globalization reforms. Since 1991, we have seen major changes in India. Globalization has opened India to the world and has brought in the much needed exposure. Globalization has had impacts in the economic, social, cultural and political ways of India. The most significant remains the impact of globalization on the economic sector. India has seen tremendous growth since 1991. India is one of the fastest growing countries in the world and that is all due to the reforms undertaken in 1991. The role of Multi -National Corporations (MNC’s) is very significant in the Indian scenario. The MNC’s were brought in by Globalization. Indian shores were attacked by the Chinese ships , and their products dominated the markets at first. But now , after Globalization , it’s a flat world , where in raw material , labour is picked up where it is cheap and all functions like marketing ,......

Words: 931 - Pages: 4

Premium Essay

Impacts of Globalisation on Indian Economy

...IMPACTS OF GLOBALIZATION ON INDIAN ECONOMY INTRODUCTION TO GLOBALIZATION: Globalization has many meanings depending on the context and on the person who is talking about. It refers to the increasing global relationships of culture, people and economic activity. Guy Brainbant: says that the process of globalisation not only includes opening up of world trade, development of advanced means of communication, internationalisation of financial markets, growing importance of MNC’s, population migrations and more generally increased mobility of persons, goods, capital, data and ideas but also infections, diseases and pollution. The term globalization refers to the integration of economies of the world through uninhibited trade and financial flows, as also through mutual exchange of technology and knowledge. Ideally, it also contains free inter-country movement of labour. The United Nations Economic and Social Commission for Western Asia defines globalization as: "a widely-used term that can be defined in a number of different ways. When used in an economic context, it refers to the reduction and removal of barriers between national borders in order to facilitate the flow of goods, capital, services and labour... although considerable barriers remain to the flow of labour... Globalization is not a new phenomenon. It began towards the end of the nineteenth century, but it slowed down during the period from the start of the first World War until the third quarter of the......

Words: 1807 - Pages: 8