Human Resource Management-Globalization

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Human Resource Management-Globalization

Introduction

The paper evaluates the growing trends and concept of Global marketing since the year 1950. In recent years, the Global trade environment has changed dramatically. Global business is an area that was begun in the 1950s. At that time, there were many multinational companies and most of them were Americans. The Second World War had been over for ten years and many nations, including Japan and the European Community countries are more concerned with the reconstruction that by investing abroad.

Discussion

The first negotiations in 1947 focused on trade in goods. Between 1947 and 1994, GATT was the framework in which negotiated the reduction of customs duties and other barriers to Global trade. The General Agreement established important standards, such as non-discrimination between countries. Since 1995, the updated GATT has become the core of the WTO agreement on trade in goods. Different sectors and annexes regulate specific aspects such as agriculture, textile, government procurement, product standards and subsidies (Melewar and Stead, 2002).

Currently, a substantial part of the economy consists of services. Universities, hospitals, banks, transport, tourism are activities that have experienced significant growth. The General Agreement on Trade in Services sets out the principles governing the open markets for services, as well as states' commitments to open to foreign competition in these sectors.

In 1990, America had become an essential receptor that investments made by other countries amounted to approximately 1.5 billion. Moreover, U.S. investments abroad have a total of about 1.2 billion having a super habit of .3 billion (Albaum and Peterson, 1984). The United States is a major investor in the world. The most important part corresponded to the European Community, Canada and Japan comes later. As countries have become richer, making direct investments in geographic regions with good potential for economic growth.

During the 1970 and 1980, Global business, changed dramatically (Craig and Douglas, 2000). Economic growth in the countries of the European Community and Japan, coupled with the great progress made by several newly industrialized nations, made to focus attention in this field.

A company with the presence in several markets builds a greater awareness of new trends, technologies and forms of administration. Learn more about the competition and has a greater capacity to respond to new challenges. A multinational company is more flexible and has a greater potential for growth (Shama, 2005).

In view of the above is not surprising that the process of multi-nationalization of businesses is booming manifesting in acquisitions, mergers, foreign direct investment, and strategic alliances. The increasing globalization creates unprecedented opportunities for growth and progress. However, the risk increases. The main risk is the exchange, related to the volatility of exchange rate regime and floating exchange rates. There is also the economic risk and political risk. The current executives must be able to evaluate different types of risk and manage knowledge.

In the process, of career management is carried out to solve two critical tasks: to ensure compliance with real professional experience of staff required design, structured professional experience, development and management of ...