Internationl Business Practice Essay Example | Topics and Well Written Essays - 2750 words

Internationl Business Practice - Essay ExampleThe main person accountable for coining the term globalization is considered to be Theodore Levitt. With the passage of time, the phenomenon has grown at a steady rate whereby the setting under which it is held is one that focuses on the global patterns related to with the sociological findings.The aspect of whether or not globalization is a newer form of western imperialism is manifested in the definition of the same word. Globalization, for that matter, is remarked as Internationalization since the nature of the ii terms is on a initiationwide scale more than anything else. West tries to exploit the basis of globalization which the third world countries could bring to the benefit of the developed nations. However, on the part of the two terms, the one thing common however is the fact that these have identified themselves well with the changing (and growing) trends, where most of these are assign on the shoulders of the World War I I, after which there has been a resurgent rat race nonetheless. Globalization is a phenomenon and it is one that is here to stay for long. The world has become a global village due to globalization and it is a good omen if seen in the proper perspectives. In an economic zone, globalization plays a significant role at increasing trade on an international front which as compared to the global economy, is much faster and ahead of its time. Globalization improves the technical infrastructures and supports in the development of the telecommunications not only on a regional scale but throughout the world, thus providing servicing and facilitation to the west more than anything else. With the help of globalization, the legal stance is one that focuses more on the increase in the number of different standards worldwide, which in all essence must be do use of. These include copyright laws, privacy obligations, patenting and others which somehow or the other mesh along well with the legal f ramework of different multinationals and institutions