GLOBALIZATION CHALLENGES

Cloudswitch Globalization Challenges

Cloudswitch Globalization Challenges

Globalization

Globalization is a period that recounts the expanding tendency in the direction of internationally incorporated markets and global interconnectedness, making nationwide boundaries less significant in periods of political, heritage, technological, economic, ecological and national security issues. The global economic expansion has significant momentum, but downside risks were rising even before the massive earthquake and tsunami struck Japan. With the scale of the damage in Japan, in addition to continued unrest, in the Middle East and North Africa, rising oil prices and the sovereign debt situation in Europe, we believe the downside risks to growth are substantially higher than they were last quarter (Rycroft, 2005).

Global growth is strong and can withstand current pressures. In the major developed economies, manufacturing activity is expanding rapidly, with purchasing managers indexes in the US, UK and Germany rising to new cyclical highs in February. Low interest rates and healthy corporate balance sheets are also fueling a global investment cycle, leading to a revival in hiring and demand for credit from consumers and businesses alike.

Challenges of Globalization

To appreciate its challenges in the proper measure, Cloudswitch can consider that the global system, the network of trade and power, tends to spread what you might call a model of development. This consists of habits and forms of production, for forms of life, institutions and social success criteria, for ideologies and cultures, also by forms of governmental organization. Power relations of domination ensure right development model over all others: in this sense, there is a way of homogenizing society and civilization which tends to extend the global system "globalize", but social groups and societies respond him in every situation, with reactions of their own (Schilling, 2000).

The combination of higher available income and strong business investment provides significant support for other areas of the economy. The job market of Cloudswitch, a key, weak spot in the recovery to date, is also showing signs of life. Both jobless claims and the unemployment rate are clearly trending lower, and surveys regarding firms' hiring intentions suggest further job gains to come. Demand for consumer and business credit, another weak spot in the recovery, also appears to be growing again, based on the Fed's survey of senior loan officers. The housing market remains an area of weakness as home prices continue to fall, but we expect demand to pick up in the months ahead as the weather improves.

Globalization has brought benefits worldwide, but most of these benefits have been highly concentrated in the richest countries and a few developing countries. Today, about three billion human beings, (about half of the world population) live on an average income of two dollars a day and live in inhumane conditions without the most minimal government services. In addition, higher economic growth and the relocation of production processes around the world have also exacerbated the problems of environmental pollution (Helper, 2007).

Integration into the global economy has brought benefits in some regions and economic sectors, but in the same way has not helped significantly to ...