Five major developments that have led to globalisation, Marketing Management

Assignment Help:

Describe briefly FIVE major developments over the past twenty years or so that have led to globalisation.

Improved transportation

Transportation systems, especially rail, shipping and air travel have improved. More goods than ever can now be moved relatively easily, rapidly and cheaply from where they have been formed to countries and regions where they are consumed.

Low cost efficient communication systems 

Advances in, and the subsequent spread of, latest technologies have revolutionised international communications and confident the development of global patterns of production and consumption.

Increased movement of capital and technology 

Simpler access and cheaper transport has led to enhanced movements of capital and technology across borders. Inevitably, this has, in turn, impacted on local cultures, knowledge sharing and learning as people travel further.

Production efficiencies 

The development of industrial and agricultural production processes by greater automation and improved methods has reduced reliance on labour for basic agricultural and production requires. This has led to a redeployment of people to satisfy global consumer requires and needs.

Improved financial systems 

The efficient and safe transfer of funds from the buyer to the seller is necessary and so improvements in the financial systems have been significant in developing international trade. There has been an huge expansion of international financial markets.

Emergence of BRIC economies 

There has been a large enhance in foreign direct investment (FDI) flowing to developing and transition economies. The emergence of the BRIC economies  

 


Related Discussions:- Five major developments that have led to globalisation

Adopting a marketing orientation approach, Question 1: As a Marketing C...

Question 1: As a Marketing Consultant for a well known brand in an industry of your choice, you have been asked to: a. explain how the principle of branding can be used to

Brand personality, identifing brand personality in consumers mind

identifing brand personality in consumers mind

Organisation''s need for additional staff, Identify FIVE factors that shoul...

Identify FIVE factors that should be taken into account when forecasting an organisation's need for additional staff. Future Operations/demand Future planned levels of org

Discuss about green marketing in briefly, Discuss about Green Marketing in ...

Discuss about Green Marketing in briefly. Green Marketing: Unfortunately, a majority of people think that green marketing refers only to the promotion or advertising of p

what is the equilibrium price and quantity , The market for pool rafts in ...

The market for pool rafts in Playa del Largarto is competitive and includes no transaction costs.  Five suppliers are willing to sell pool rafts in Playa del Largarto at the follow

Test marketing., explain the various approaches better followed by smcg com...

explain the various approaches better followed by smcg companies in test marketing?

Positioning, What necessitated the replacement of traditional advertising w...

What necessitated the replacement of traditional advertising with positioning

State the types of channels of distribution, State the Types of channels of...

State the Types of channels of distribution Generally we don't buy goods directly from the producers. Producers/manufacturers usually use services of one or more middlemen to s

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd