Globalization and Competitiveness

Why go global?

favorable cost access to international markets response to changes in demand reliable sources of supply latest trends and technologies results from the Internet and falling trade barriers
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Increased globalization

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 The World Trade Organization has opened up the heavily protected industries and extended the scope of international trade rules to cover services, as well as goods.

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 The European Union requires that strict quality and and environmental standards be met before companies can do business with member countries.

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The China Factor

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India, at your service

In 2005, India exported $17.7 billon in IT services, compared to $3.6 billion for China and $1 billion for Russia.

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 Indian companies, such as WIPRO, Infosys and Tata Consultancy Services, are world leaders in software development and business processes, with plenty room to expand.

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Risks of Globalization
Cultural differences Supply chain logistics Safety, security, and stability Quality problems Corporate image Loss of capabilities
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