Global Integration Essay

1470 words - 6 pages

Global Integration PAGE 9
Global IntegrationAnd it's StrategiesNameName of institution:Date:Global Integration and its Strategies"The forces of globalization create tension just as they create opportunities. These tensions must be managed." - (Nemir A. Kirdar, 2006)Economic integration can give drastically to continuous expansion, declining poverty rates and increasing incomes. Global integration is not the primary cause of the world's economic troubles, nor can it be the main clarification to them. The most efficient strategy reaction to the concerns of those who fear the consequences of advance integration is to straight further political capital to the challenge of rising the institutional and economic infrastructure that will facilitate governments and their citizens to adjust further enthusiastically to transform (Timothy Geithner, 2007).All the argument over free trade has raised fascinating questions regarding the kind of world we want. What are the trades-off between community control and a global culture? (Sarah van Gelder, 2000).There is a universal faith that increases in global awareness along diverse dimensions are linked with increases in the cross-border integration of markets. The existing facts and current new data, indicating that increasing global integration has not been accompanied by general increases in four types of global concentration measures: industry seller concentration, cross-industry super concentration, national/regional domination, and geographic (Pankaj Ghemawat, Fariborz Ghadar, 2006).In the international economy "Globalism" has become a symbol of dramatic changes. There is no doubt that the international economy has changed world in which money, companies, product and technology progress freely is for tomorrow and indeed it is not evident when that tomorrow will be. All of a sudden invasive disturbance of the belief of "globalism" reflects the effort of governments and companies to apply a label to a diverse package of changes that they find difficult to understand and to justify strategies to adjust to a new economic world they cannot clearly specify. The reality of growing market ties is not itself in issue; at concern is the nature of those ties, the example they outline, and their importance (Zysman et al, 1997).There was fast expansion of trade in foreign investment, technology transfer, goods and services, foreign exchange business and telecommunications in the 1980s. Worldwide enterprises were an essential medium for many of these processes. This power of global economic integration, beside with new forms of globalization scientific, technological and cultural has been reinforced by structural modification policies, which themselves were a result of post-war dynamics of global integration and the post 1973 economic crisis. On the other hand, if the areas in which liberalization has taken place are numerous and diverse, the countries benefiting from it are less so. Favoritism in patterns of...

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