Secondary Keywordsglobalization , International Organization , Benefits Of GlobalizationPage Title-GlobalizationSub Title-- GlobalizationGLOBALIZATIONWhat Is Globalization?In Simple Globalization Means Opening Up Of National Boundaries For Foreigner To Start Their Business. For Developing Countries, Globalization Means Integration With The World Economy. Globalization Is Cross Border Economic Transaction.Globalization Encompasses The Following :Doing Or Planning To Expand, Business Globally. Global Orientation Of Organizational Structure And Management CultureGlobalization Involves Following:Free Flow Of Technology, Expertise And IntelligenceFree Flow Of Capital Among Different CountriesFree Flow Of Human Resource Among Different CountriesIncrease In Foreign Direct InvestmentIncrease In International Financial Investments And TransactionsWhy Go International?The Factors Which Motivate Or Provoke Firms To Go International May Be Broadly Divided Into Two Groups:- Pull Factor Push Factor Most Of Push Factors Are Reactive Reasons Profit Advantage: An Important Incentive For International Business Is The Profit Advantage. Growth Opportunities: The Enormous Growth Potential Of Many Foreign Markets Is A Very Strong Attraction For Foreign Companies. Domestic Market Constraints: Domestic Demand Constraints Drive Many Companies To Expanding The Market Beyond The National Border. Competition Government Policies And Regulations Spin-off Benefits Strategic Vision: Company Wants To Gain The Strategic Advantages Of Internationalization. Factors Hindering Globalization Are:Government Policies And Procedures Because Some Nations Are Still Not Ready To Open Their Borders For Foreign CompaniesThose Which Are Resistant To Change Their Already Adopted Practices And Incorporate New OneLack Of ExperienceTrade BarriersIncreasing Complexity And Competitiveness For Home CompaniesFactors Facilitating Globalization Are:Low Cost Of LaborLarge And Growing Local MarketsIncreasing Entrepreneurship NatureCompetitionAdaptability To Newest TechnologyEssential Conditions For Globalization:Business Freedom Facilities Government Support Resources Competitiveness Orientation: A Global Orientation On The Part Of The Business Firms And Suitable Globalization Strategies Are Essential For GlobalizationEffects Of Globalization:The Foreign Currency Reserves Of Government IncreasesExports Have Increased And Become CompetitiveBrings In Latest TechnologiesIntroduction Of Latest Technologies Changes The Lifestyle.Exchange Of Information Increases KnowledgeGrowth In Economy
