globalisation-ppt
- 4. The shift toward a more integrated and interdependent world economy.
- 5. Two components: The globalization of markets The globalization of production
- 6. Vizio flat panel TV is designed in a small office in California assembled in Mexico From panels made in South Korea electronic components made in China microprocessors made in the U.S.
- 7. In the past, each country had its own companies in many industries and its own products But the most global markets are for standard goods Aluminum Wheat Microprocessors Aircraft For many consumer end-products, huge differences still exist among national markets Food, clothing, entertainment
- 8. § An Product Or Material That Is Brought And Sold . § Every Kind Of Movable Property, except Actionable Claims , Money And Securities.
- 9. Important constituent of the financial markets of any country A wide range of products viz., Precious metals ,base metals ,crude oil, energy And soft commodities like palm oil ,coffee etc.Are traded.
- 10. Bombay cotton trade association ltd., Set up in 1875 was the first organised futures market. Bombay cotton exchange ltd.- 1983 The futures trading oil seeds - 1900 Gujarati Vyapari Mandali
- 11. § Precious Metals : Gold, Silver, Platinum Etc § Other Metals : Nickel, Aluminium, Copper Etc § Agro Based Commodities : Wheat ,Corn , Cotton, Oils, Oilseeds § Soft Commodities : Coffee, cocoa, Sugar, Etc § Live-stock : Live Cattle , Pork Bellies Etc § Energy : Crude Oil , Natural Gas , Gasoline Etc
- 12. (MCX) Multi Commodity Exchange Located In Mumbai. (NCDEX) National Commodity And Derivatives Exchange Ltd. Located In Mumbai. (NBOT) National Board Of Trade Located In Indore. (NMCE) National Multi Commodity Exchange Located At Ahmedabad.
- 13. Drivers of Glozbalization Two factors underlie globalization: ‡ Decline in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II. ‡Technological change
- 14. Average Tariff Rates on Manufactured Products 1913 1950 1990 2002 France 21 % 18 % 5.9 % 4.0 % Germany 20 % 26 % 5.9 % 4.0 % Italy 18 % 25 % 5.9 % 4.0 % Japan 30 % -- 5.3 % 3.8 % Holland 5% 1% 5.9 % 4.0 % Sweden 20 % 9% 4.4 % 4.0 % UK -- 4% 5.9 % 4.0 % US 44 % 14 % 4.8 % 4.0 %
- 15. Affects of Lowering Trade Barriers Figure 1.1: Volume of World Trade and World Production, 1950-2004 3100 2600 Index 1950=100 2100 1600 1100 600 100 50 54 58 62 66 70 74 78 82 86 90 94 98 02 19 19 19 19 19 19 19 19 19 19 19 19 19 20 Total Merchandise Exports World Production
- 16. The Role of Technology Lowering of trade barriers made globalization possible; technology has made it a transforming movement Figure 1.3: Inte rne t Use rs pe r 1000 Pe ople , 1990- Internet Usage Growth 2003 700.00 600.00 Internet Users per 1000 people 500.00 400.00 300.00 200.00 100.00 0.00 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Japan United States European Monetary Union World
- 17. World Trade Organization (WTO) International Monetary Fund (IMF) World Bank which promotes economic development , the United Nations (UN)
- 18. Pro Con Lower prices for goods Destroys manufacturing and services jobs in wealthy nations Economic growth Wage rates of unskilled Increase in consumer in advanced countries income decline Creates jobs (for many) Companies move to Countries specialize in countries with fewer production of goods and labor and environment services that are regulations produced most efficiently Loss of sovereignty Homogenized cultures
- 20. In the Report (2006) East Asian Renaissance, World Bank Advisor Dr Intermit Gill stated: Cities are at the core of a development strategy based on international integration, investment and innovation.
- 21. 1) Unequal distribution of wealth disparity in income. 2) Rapid privatization government driven public sector units are on sale. 3) Uneven growth in respect of different sectors. 4) Extreme mechanization is reducing demand for manual labours. 5) Both employee and consumer exploitation are on rise by private sector.
- 22. Social Services Growth of Slum Capitals Growth of Unemployment Poverty Growth of management education Demoting Agriculture