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Impact of Globalization on a Country

1. Prepare a short analysis of the impact of globalization on a country.

2. Pay specific attention to some of the main forces associated with globalization (technology, trade and integration, offshoring and outsourcing, migration, transportation, environmental pollution) and the impact of these forces have on different stakeholders (such as domestic companies, workers, farmers, indigenous cultures, and different demographic groups) within that country.

3. Draw implications of the issues and their impact on international management practice.

Book: Luthans, F. & Doh, J. P., (2009) International management. Culture, strategy, and behavior, (7th ed). New York, McGraw Hill

Solution Preview

1. Prepare a short analysis of the impact of globalization on a country.
The country that we select is China. It has gained a lot from globalization. China has managed to come out from economic isolation. It has brought about prosperity, development and progress. Globalization has brought access to its citizens to international brands like Pepsi and McDonald's at the same time Globalization has brought China foreign direct investment, advanced technology, and management expertise. Further, China has gained from increased flow of information even though the government is involved in censoring of the Internet. China has gains from ease and speed of transport, its goods are sold in almost every part of the world. Further, the people of China have been more exposed through the development of mass media(2). Globalization impact China in several ways. It created more needs and requirements for the indigent and these cannot be fulfilled. Globalization causes greater exchange of culture and along with it the traditional Chinese behaviors that have sustained societies disappear. In China, there is evidence that multinational corporations have established polluting industries that could not have been established in their home countries. Further, China has been subject to very strong and sometimes harmful pressure by the World Trade Organization. Such pressures have been perceived to be against the national interests of China.
Globalization has led to increased materialistic lifestyle and attitude that has decayed the culture of China and has led to increased incidents of crime in China. China has also experienced irrational control being exercised by large corporations. Globalization has also make the economy of China vulnerable. The current recession in the USA has had a baneful effect in China and is blamed for increased unemployment in China (1).

2. Pay specific attention to some of the main forces associated with globalization (technology, trade and integration, offshoring and outsourcing, migration, transportation, environmental pollution) and the impact of these forces have on different stakeholders (such as domestic companies, workers, farmers, indigenous cultures, and different demographic groups) within that country.
China has been affected by the main forces with ...

Solution Summary

The solution discusses the impact of globalization from a technology, trade, offshoring, and migration perspective. 1385 words with 5 references.

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