INTERNATIONAL GLOBALIZATION

International Globalization - A casestudy of General Electric in China

International Globalization - A case study of General Electric in China

Introduction

Globalization is the objective trend of economic development in the world today, featured by free flow and optimized allocation of capital, technology, information and service in the global context. It is the inevitable result of the development of productive forces and advances of science and technology, especially the revolution of information technology since the 1980s and 1990s.

As a result, economic interdependence and interaction between countries are becoming ever stronger. In this massive tide of economic globalization, no country can develop and prosper in isolation. China has learnt from her long history that isolation leads to backwardness. Development, progress and prosperity could only be achieved through opening to and integrating with the outside world, through stepping up exchanges and cooperation with other countries and through absorbing all fine results of human civilization. Therefore, we should embrace and seize the opportunities presented by globalization and adopt reforms to keep up with the steps of the changing world.

General Electric, an American Diversified Corporation, is the world's largest manufacturer of many types of equipment, including locomotives , power plants (including nuclear reactors), gas turbines , aircraft engines , medical equipment, manufactures and lighting equipment plastics and sealants. The company ranks third in the list of largest public companies.

Company Overview

General Electric is a conglomerate founded in 1892 by American fusion of part of Thomson-Houston Electric Company and of Edison General Electric Company. The company has 32 ??subsidiaries in over 140 countries and is a symbol of the value New York Stock Exchange. Since 2005, she was until the crisis the 2nd cap on Wall Street, behind ExxonMobil in 2010 but it is the eleventh global company in terms of sales ranked by Forbes as the third global company according to Forbes Global 2000 to 2011. Judged on the overall performance, it is now the first company in the world. Far ahead of his time, GE filed its Internet address on famous GE.com, August 5, 1986, years before the launch of Internet, which gives the group the 3rd place in the much closed circle of companies listed on VB.com Internet Hall of Fame. Its headquarters are in Fairfield (Connecticut), the United States.

Country Overview

China is located in eastern Asia, a vast region or country is the world's most ancient civilization, one of the neighboring countries and peoples of the culture have a profound impact. The history of the territory of China, when not only the largest of today's Greater China region , in different historical periods was also included Vietnam, north-central Myanmar, northeast, Kashmir, one, the Korean Peninsula, northern Mongolia and Central Asia , West Asia and Siberian parts.

For years, the electronics industry in China has remained invisible to the general public. Only stamps Made in China showed the most curious consumers the origin of the products they were in stores. Then, over time, they are used to seeing these signs appear on electronic devices offered by both ...