Globalisation has been evolved into different set of theories and understanding as per the dynamics of changes in the world markets.And in crude sense-we can say, "Interconnectedness of world markets in an integrated manner".
Today, the global trade has been evolved to a very finer stage, and the frontrunners who had predisgned motive to regulate through different mechanisms are falling behind.
Eralier, the motive was to gain maximum by merchandise exchange through barter or gold and fulfilled a resource led gap to feedstock human survival>or enjoying exotic merchandises in exchange of one's innovative produces.
Today, we are into a different cycle of growth-where political-will takes a backseat and interconnectedness of global markets drive the volume of trade, innopvations to a new high.
Technological inventions /or innovations taking place in any part or corner of the globe takes a split second /or minute to reach or inform the world about it's relevance, market size and it's impact on society.
Today, the mobility of human Skills, Capital and the advent of rapid transportations, virtual reality, and the high-tech communication technologies propelled the integrity of interConnectedness between all /and remote regions of the world.Thereby 'any kind of protectionism' lead to chaos someway or the other & it's believed protectionsim may not work-as the consumers are exposed to the global resources and create wider choice as well.
Global consumers decides the fate of any company launching its products/service in any form with scale.Product Life Cycle is falling day by day-so is the lead time to bring a new product for test marketing.Consumers choice has become unpredictable.And the MNCs are working under pressure to check "consumers' shifting attitude" and designing a product to fulfill a need.
Impact of Globalisation
1.earlier thinking was that 'the developed countries to gain too much through different mechanisms of hide-and seek method.But it proved costly to many.Because global trade has been evolved to a fine stage today.And there was an inherent market force pushing it for perfection around the clock.And it's invisible and invincible.
2.The ninternet has been added as a strong propelling agent to globalisation.Today, work is outsourced from any part of the globe and cost, skills value addition matters much than domestic protection policies.Mostly, MNCs, whose operations are spread across different market places have to resort to the best methods and cost effective solutions to solve their day to day 'selective workloads' that could be outsourced at a competitive manner from other far reaching places.
3.Earlier politcal agents decides the fate of industrialisation -and it's degree of exposure to the global markets. Today, entrepreneurs who have tactical understanding of resource gap-skills gap-& cost arbitrage gap in any form, move freely worldwide and have bypassed political maneuvors and a protectionist strategy "to play at will sort of trick". And the economic compulsion and idea to benchmarking perfection in any part of the globe drive the policy makers to adjust according to the trend.
4.Today, all human civilisations are interconnected someway or the other by the growth of globalisation.For example, the gap in standar of living between the Developed economies, Developing economies, Emerging Markets and the Lower Developing Economies is still high.But awarenes is everywhere.A product used by a consumer in a developed country or a MNC bringing out a global launch of a very innovative product today consists of several components produced by different economies as per its cost, skill or resource arbitrage, irrespective its geopolitical rreservations of any sort.Thereby economic growth, market competition drive the speed of globalisation and washes away the entity which are solely dependent on protection based strategies or favour of any kind. Vice versa, the inventions, innovations are no more the domains of developed countries.It's taking place in any part of the globe-being totally unnotice.But the suddenness of it's imapct being felt worldwide.
5.Internet based technologies are adding feathes to create economies of scale.And invisibly, some companies have propelled the growth of education /knowledge sharing domain with high-end precision & perfection. Thereby, today, a person with an idea to explore, can educate himself by self study, choosing a mentor from any part of the globe.And trully, this century is the knowledge century.Earlier people use to move 'where the work was'-but today work moves to 'where best skills/or critical talent pool available abudantly'.
6.Today, we have been associated with so many forums,organisations or international trade bodies to oversee the functioning of global trade.But what we see-what we visualise would fall short and the globalisation process would move with its own course or 'errors and corrections'. Any forum-any country or any individual based strategic motive being ill willed would not prevent globalisation any more.It would move on for improving standard of living of the human race.Any kind of error & correction observed by the us is a natural cycle and are within the ambit of the 'invisible market force'. We take so many measures, but it takes it own course to stablise at the right moment.
Yes!correction is enevitable.And human race has been experienced to withstand natural calamities or the cycle of errors & correction thereof.
Globalisation Cycle:>1820-1920:::>high
Globalisation Cycle:>1920-1950:::>low
Rapid transportation, Interactive Media, Virtual Reality & Global Communication Network have propelled globalisation in a big way. And if one deonstructs the fabrics of globalisation, one will find that "as we become interdependent-we will learn the hard way"-understanding the cross cultures, languages and different points of views without nslightest of irritation. And time is not too far to realise that 'globalistion to be driven by necessity' rather than pure geo-political dynamics and any illicit endeavor of any sort...
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