Contents:

Introduction
Globalisation & its features WTO & its impact Impact of Global Environment Case Study

Conclusion

Introduction:
The global business environment

can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities

How will our ideas, goods,

or services fit into the international market?

1) How will our ideas, goods, or services fit into the international market?
Knowledge of other countries, economies & cultures Understanding of how global economy works Ability to recognize & use ideas from different markets

Globalisation & its features:

the growing economic interdependence of countries worldwide through increasing volume & variety of cross border transactions in goods & services & of international capital flows,& also through the more rapid diffusion of technology

Features of Current Globalisation:

Large-scale production and marketing Competition Transfer of capital and technology International Restriction Interdependence of countries

WTO & its impact

The global business environment is very significantly influenced by the World Trade Organization(WTO) principles & agreements.

Impact of WTO:

Increase in export earnings

Agricultural exports Exports of textiles & clothing Multi-lateral rules & disciplines

Should India quit WTO?

By being a part of WTO, India enjoys the most favored

nation (MFN) status with all the other members of the WTO.
Developing countries like India were expected to largely

benefit because of the lowering of the agricultural protection by the developed countries.
Assuming that Indias market share in the world

exports improves to 1%, & that she is able to take advantages of the opportunities that are created, the trade gains may consequently be placed at $2.7 billion exports per year.

Impact of Global Environment over the world

Industrial - emergence of worldwide production markets

and broader access to a range of foreign products for consumers and companies.

Social -Spreading of multiculturalism & better individual

access to cultural diversity, world wide fads, pop culture, etc.

Language - the most popular language is English

 Informational - increase in information flows between

geographically remote locations.

Legal/Ethical -Crime importation and raising awareness of

global crime-fighting efforts and cooperation.

Technical -Development of a global telecommunications

infrastructure and greater transborder data flow, using such technologies as the Internet, Communication satellites, submarine fiber optic cable & wireless telephones .
Political world government which regulates the

relationships among governments and guarantees the rights arising from social and economic globalization.

Case Study : Recession in the US

In the US, they gave everyone a chance to own property, even to those who couldnt afford it.

On top of that, we all lived in a material world. We wanted everything we saw on TV & we wanted it at that very moment.

Hence, so many people got into debt. The same applied to the rest of the world.

There was too much credit being given to those who couldnt repay it. The US then started the credit crunch & that gave rise to the domino effect around Europe & then, the rest of the world.

Conclusion:
1.

Globalisation..Good or Bad??
tend to use dark metaphors to describe the phenomenon.

Those who view Globalisation as bad

But there are some who believe that

Globalisation is good. They consider that Globalisation is a powerful new force but they do not use dark metaphors to describe it. Instead, they seem to view it as a rising global tide.

2.

Globalisation~Weather
We treat it like the weather. We cannot change the

weather.
Follow the wisdom contained

in the old Arab proverb: "If the mountain will not come to Mohammed, Mohammed will go to the mountain".

THANK YOU