Group 6A

Globalization has been called the new world order and the demise of democracy; the next step toward world peace, stability, and prosperity and the latest stage in the destruction of the earth and its inhabitants. In answer to our call for scholarly investigations and insights about the implications of globalization,

A leading UK based holiday and leisure group was considering outsourcing to help deliver operational efficiencies, and to detect and quickly respond to customer’s needs. Client Challenge Stabilize financial processes and improve financial controls Improve service levels and reduce cost of Finance and Accounting ( F&A), payroll and associated applications management Consider numerous outsourcing options and factors before making the decision. Because the firm’s ability to leverage a global service delivery model was limited, Alsbridge was chosen to guide them through the process.

Many feel that outsourcing is the best way of meeting these challenges. Godbey (1997) argues that "most leisure services will have to figure out what they are good at and 'outsource' everything else" (p. 218).

Outsourcing is also a means of acquiring specialized resources and valuable expertise that cannot be produced internally. Thus leisure services managers are being challenged to rethink the traditional model of organization

Globalization is the buzzword of the 21st century. If we live in a globalized world, what does this mean for our economies, our cultures, our work and leisure, even our sense of ourselves? Globalization: The Key Concepts presents an accessible and provocative guide to the way we live now.The causes and the effects of globalization are hotly disputed and the book aims to present the range of arguments in a clear and balanced way. However, arguing that variation is as characteristic of globalization as standardization, the book stresses the necessity for a bottom-up, comparative analysis. Distinguishing between the cultural, political, economic and ecological aspects of globalization, the book highlights the implications of globalization for people's everyday lives.

Globalization has been brutal to midwestern manufacturers like the Paper Converting Machine Co.

The changes can be harsh and deep. But a more enlightened, strategic view of global sourcing is starting to emerge as managers get a better fix on its potential.

Mentioned below, are the advantages of Globalization which facilitate the development of world economies immensely

Globalization enhances the flow of capital, permitting the investors to invest on the untapped resources of the developing countries.

Outsourcing may have come in for a lot of flak from anti-outsourcing lobbies in the US, but the fact of the matter is that outsourcing has in fact been the one bailout option that has saved many US companies from going totally bankrupt.

That’s just above 200,000 jobs lost every year to global outsourcing, a trivial problem in the context of the normal churn of the U.S. economy, where about 7 million jobs were gained and lost in each of the previous four quarters”.

Does port outsourcing improve productivity?

"The productivity of casual employees is often lower than that of permanent core employees of an organisation-in large measure, because use of casual and contract labour removes the incentive for an employer to provide training to those parts of the workforce."

Outsourcing continues to change in response to market changes, and a still uncertain economy.

Outsourcing is gaining increased popularity within the education sector, with more and more schools beginning to recognise the benefits it offers. These include the most convenient and viable means of organising payrolls, finances and accounts, all of which will be maintained and updated on time by experienced professionals.  

Steps to successful outsourcingThere are a number of steps schools should follow in order to achieve successful outsourcing.

Growth of scientific literature remains strong, while the world of science continues to flatten

Growth in the number of U.S. papers was a more modest 33,000, or 19%, from 178,000 in 1988 to 211,000 in 2003. From 1991 to 2002, there was no sustained growth. Annual totals held at between 194,000 and 203,000 and were at 196,000 for 2002. The 2003 total moved up to 211,000 for the biggest annual gain in many years.

The data on the papers in ACS journals come from a program that has expanded from 19 journals in 1988 to 33 in 2005 and so have a substantially higher growth rate than for chemistry itself.

U.S. share of the world's science and engineering graduates is declining rapidly as European and Asian universities, particularly from China, have increased S&E degrees while US degree production has stagnated.

The job market has worsened

Populous low income countries such as China and India can compete with the US in high tech by having many S&E specialists although those workers are a small proportion of their work force

This is purely theoretical, though. In practice, powerful nations can come to control less powerful ones through conquest, either economic or military. In the age of globalization

, labor has become the comparative advantage of less prosperous nations. This is one of the reasons why so many jobs that once belonged to Americans go to China and India, Vietnam and Mexico–their laborers will work for less.

environmental sustainability

Again, inability to find work means inability to purchase homes, spend money, and profit companies

greater desire to outsource to make things more cheaply so they will be more attractive to consumers.

Further, many argue that giving jobs to workers in less developed countries improves those countries economically and increases trade for US products.

No company should get a tax break for outsourcing jobs. Instead, tax breaks should go to manufacturers who set up shop here at home. Bigger tax breaks should go to high-tech manufacturers who create the jobs of the future

The Indian IT sector, which gets 60 per cent of its export revenue from the US, has come out strongly against US moves to stop outsourcing.

"Meanwhile, America is more productive than ever. And companies like Boeing are realising that even when we can't make things cheaper than China, we can make things better. That's how we're going to compete globally," Obama said. Obama said Boeing's business right now is booming. Last year, orders for commercial aircraft rose by more than 50 per cent.