International Technological University (ITU)

EM 900-1 / Engineering Management

Professor: Tom Tafolla, J.D
Assignment 2
1. Globalization
September 29, 2014
Name: Anil Kumar Danda
Student ID: 87141
In todays world, people around the globe are more connected to each other than ever before.
Data and cash stream more rapidly than at any other time. Products and administrations delivered
in one piece of the world are progressively accessible in all parts of the world. [1] Universal
travel is more incessant and worldwide correspondence is ordinary. According to Thomas
Friedman the acquiring force of local work as a key driver in financial yield. Globalization is a
monetary dimension that is clearing over the world. It can't be ceased, and there will be champs
and failures.[2]
The defenders of worldwide unhindered commerce say that it advances worldwide financial
development, makes occupations, makes organizations more aggressive, and brings down costs
for purchasers [1]. It additionally gives poor nations, through mixtures of outside capital and
innovation, with the opportunity to create financially and by spreading thriving makes the
conditions in which majority rule government and appreciation for human rights may flourish.
According to self-governing, globalization will help us to raise the worldwide economy just
when the included force pieces have shared trust and admiration for one another's assumption.
Globalization and majority rule government ought to go as an inseparable unit. It ought to be

unadulterated business with no colonialist plans. Presently there is an overall business for
organizations and shoppers to get to items from distinctive nations. [2]
There is a force to be reckoned with that is, no doubt made progressively, rather than divide into
sections or categories force divisions. Legislative issues are fusing and choices that are
constantly made are really gainful for individuals everywhere throughout the world. There is
more convergence of data between two nations. There is social mixing. Every nation is adapting
all the more about different societies.
Since we impart money related assets, enterprises and governments are attempting to deal with
natural issues for every other's. [3] Socially we have gotten to be more open and tolerant towards
one another, and individuals who live in the other piece of the world are not considered
outsiders. A great many people see fast travel, mass interchanges and brisk dispersal of data
through the Internet as advantages of globalization.
Reference:
1. Lloyds 360 Risk Insight Globalisation and risks for business. (2011, April 4). Implications of
an Increasingly Interconnected World, 30, 31, 32, 33.
2. Thomas Friedman: The world is Flat [Motion picture]. (n.d.).
Https://www.youtube.com/watch?v=4kTXwxwO8hY.
3. The Pros and Cons of Globalization. (2011, April 4). Saving American Manufacturing.
4. Joel Popkin, Securing Americas Future: The case for a Strong Manufacturing
Base(Washington DC: Joel Popkin and Company, June 2003