GLOBALIZATION

Globalization and its Impact on Food Retailing Industry

Globalization and its Impact on Food Retailing Industry

Introduction

The term Globalization is broadly used as the process through which an ever-expanding free flow of goods, services, capital, peoples, and social customs leads to further integration of economies and societies worldwide. Global trade liberalization boosts the demand for exports of goods that intensively use unskilled labour and, as a consequence, boosts unskilled wages relative to skilled wages and capital earnings (Burt, Dawson, 1990, 142-61). Drawing on a vast and growing body of research, the following sections elucidate the complexity of the phenomenon called globalization (Cliquet, 1998, 205-24).

The purpose of this paper is to evaluate the impact of globalization on the food retailing industry. In addition, this paper discuses the globalization of production in the industry, globalization of outsourcing in the industry, the impact of CSR on the industry and the trading blocs in the industry. We can deduce that globalization hurts immensely to the world's population (Drtina, 1995, 191-203). In one way or another less developed countries are likely to get rid of this bond that has caught the first thing to do is to bring public awareness to support the national economy to enable the emergence of its own assets and weaken both the international economic power or control (Krásný, 1995, 12-17). Otherwise, hunger will increase crime hence the worsening social situation will be evident despair that lead to widespread violence and impossible to contain in third world countries; our planet is entering a severe deterioration the loss of the organization of political, economic and social of many nations (Drtina, 1998, 32-33).

Thesis Statement

The impact of globalization on food retailing industry

Reasons for Selecting the Industry

The industry selected for the in-depth analysis is the food retailing industry. The British experience provides a useful comparative benchmark for a fuller European analysis. While there are objections to the adoption of a single yardstick, given the level of academic work on Britain's mature market it provides an expedient means for assessing the diversity of experience (Burt, Sparks, 1995, 110-19). The transformation of British retailing has been dramatic, particularly with respect to food retailing. A period of intense domestic development led to a short-lived 'golden age'. The resultant intensification of competitive conditions brought the golden age to an end, drawing a range of responses from retailers (Castrillo, Forn, Mira, 1997, 194-200). The purpose of selecting food retail industry was its growth and sophistication; hence, the in-depth analysis of the industry can be useful for the growth and development of the industry.

Literature Overview

A market economy supported by strong institutions and operating in a free democratic society is demonstrably the most effective form of economic organization (Cabrera, 1995, 200-16). Yet, even the staunchest advocates of economic globalization realize that it is no magic bullet (Clarke-Hill, Robinson, Foot, 1992, 16-23). Equally important, emerging market economies should avoid overvalued exchange rates to avoid potential currency mismatches and should even use capital controls during periods of large-scale capital outflows (Barata, Pinto, 1996, ...