This paper aims to study the meaning of globalization and much importance is given to it in the recent times. This paper also briefly discusses the types of globalization. It also throws a light upon the advantages and disadvantages of globalization. It further briefly discusses the effects of globalization on various aspects such as environmental, political, industrial etc. The paper moreover discusses the impact o... ... middle of paper ... ...there is an increase in the competition amongst nations.
Education and R&D are not spared from these pressures and have capitalized on the opportunities of globalisation. The growing trend towards transnational higher education, where developed countries such as United Kingdom and Australia export their educational programs to countries in Asia, are... ... middle of paper ... ...rriculum have to be international. Another aspect of internationalization which is related to the issue of quality is the need for academic reviews and also Board of Studies from international panel in order that the programs have reputable international benchmarks and standing. The quest for international accreditation and world standards are also part of the internationalization efforts towards meeting the challenges of globalisation (Yahaya, M., & Abdullah, I. H. (2004). thus, Malaysia is one of the countries in South East Asia.
Nowadays, British universities tend to realize the importance of internationalisation in higher education and become formally committed to international students. For instance, St. John University in York is keen on meeting the demands of operating in a worldwide environment and as a consequence is offering international students several scholarships to become increasingly international. Within the above context, the impact of internationalisation in higher education has been considerable and continues to grow as a way of attaining globalisation. With globalisation, a massive demand for international students and recognized academic is generated to achieve international competitiveness in higher education. As if this is self-evident, globalisation would range from broad foreign policy interests to more specific concerns of economic development, all of which can be served by the skills and intellectual expertise found in higher education.
To understand the impact of globalization on human Resources you must understand what globalization is and what it does. Globalization is a “process by which the experience of everyday life, is made clear by the dissemination of goods and ideas, is becoming consistant globally. Aspects that have also added to globalization include increasingly sophisticated communications and transportation technologies and services, mass relocation along with the movement of peoples, a level of economic activity that has outgrown national markets through industrial combinations and commercial groupings that cross national frontiers, and international agreements that reduce the cost of doing business in foreign countries. Globalization offers huge potential profits to companies and nations but has been complicated by widely differing expectations, standards of living, cultures and values, and legal systems as well as unexpected global cause-and-effect linkages (Encyclopedia Britannica).” Globalization is a word in business that indicates the incorporation of an organization's operations, processes and strategies into various cultures, products, services and ideas. While globalization has evolved, the responsibility of human resource management should not be understated.
I.1 Background of the Study The phenomenon of globalization as the acceleration and intensification of economic, social and political among the people, companies, and government of different nations around the world. Observers of globalization are increasingly recognizing that globalization is having a significant impact on matters such as local cultures, matters which are less tangible and hard to quantify, but often fraught with intense emotion and controversy. In this globalization western has a big part in order to influence others countries. Globalization, of course, does more than simply increase the availability of foreign-made consumer products and disrupt traditional producers. It is also increasing international trade in cultural
Prevention of labor shortage 3. Making businesses competitive (p. 48). These two missions are telling us about the roles in workforce education, and development professionals may play in the society and their contribution toward the economic growth. However, they highlight that provision of workforce education and development may be affected by several factors and elements. Those elements and factors include new developments, improved communication and related technologies, ease of traveling, and increased business, particularly on the global scale leading to create tough competition )O’Lawrence and Martinez (2009).
This occurs as multinational companies move their operations into developing countries in search of it’s advantageous work force. This leads to the creation of employment and the generation of income for the host country. Globalization also encourages education. With the globalization of labor and services comes the globalization of education. Globalization also has its negative side that includes an uneven distribution of wealth and disparity within the citizens of the host country who are directly affected by globalization.
Globalization is the tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. (“Globalization,”) It also has had the effect of not only increasing the international trade but the cultural exchange. However, when it comes to globalization both its advantages and disadvantages have been greatly scrutinized and heavily debated in the past few years. People who believe in globalization say that it helps the developing nations “catch up” to the much faster industrialized nations. This happens through increased employment and a great amount of technical advances.
Whether we realize it or not globalization has impacted the lives of individuals around the world. Globalization is described in our textbook as “the increasing interconnectedness of peoples and societies and the interdependence of economies, governments, and the environment” (p 3, Daniels, Joseph P.) Because of this increasing interconnectedness and interdependence of economies it is not surprising that aspects of our everyday lives. Not only has globalization shaped things you might expect such as career options but it has also shaped things you may not have expected such as cultural norms and gender roles. It might not be surprising to learn that economic globalization has helped to shape career choices. After all the marker forces of demand and supply would lead most people to believe that if there is a demand for a certain skill or occupation the wage offered for that skill will rise until the positions are filled.
Nations as well as business organizations are able to explore new markets and therefore increase their output leading to economic growth. Economic globalization can also lead to exportation of technology that will aid production process by increasing the units produ... ... middle of paper ... ... participation and better economic relations worldwide all parties need to play their role. The ground should be fair and leaders from developing countries should be given as much attention as those from developed countries. Proper utilization of opportunities presented by economic globalization will enable governments to achieve their goals with much easy. Moreover, there should be programs to enable developing countries adjust to economic globalization since this is the vehicle that will ensure that these countries benefit.