International Management Assignment Example | Topics and Well Written Essays - 1250 words

International Management - Assignment Example The study reviews what globalization is. It depicts its various definitions, singles out its three types, and describes its constituents. The work examines how globalization influences the economies of nations. Special attention is paid to the impact of globalization in the USA, China, and India. The author explains the term global village which emerged in globalization times. It means integration of people, institutions into a shared objective. The USA, China, and India encourage their institutions to engage in foreign trade benefiting from the international commerce. At the same time the author describes negative opinions about globalization. Critics of globalization point a dim picture of this aspect. They claim that globalization erodes the sovereignty of states. The author shows why those views are invalid. Countries which have embraced the aspect of globalization are sovereign by all definitions. The work illustrates the opposite: China takes care of its domestic and foreign po licies without any interference from other countries. India is also a sovereign state, formulating and implementing its domestic policies without interference from other states, and, therefore, notion of globalization eroding the much valued state sovereignty is uncalled for. Countries which have not embraced globalization are suffering from the consequences. North Korea has closed its economy from liberalization resulting into poverty of its citizens and of the state.