International-Business-Dr-R-Chandran-E-book

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International Business- Dr. R. Chandran
to tap technological advancements wherever they may occur. This has
resulted in an accelerated growth of globalization.
6. All the countries are vigorously developing their airports, seaports,
energy sources and social amenities. Singapore, Malaysia, South Korea
and India facilitate companies by assuring.
ORGANISATION AND GLOBALISATION
Due to the increased rate of globalization, the global economic landscape
will undoubtedly look very different 20 years from now. Companies will
need to adapt to this changing landscape and those that choose to move first
will have a better chance of turning these changes into competitive
advantage.
The author regards three fundamental changes in the global economic
landscape as inevitable. These are described below.
Developing countries will essentially dominate the world economy in the
future
Given the commitment of the post-Deng Chinese leadership to economic
reform, China is likely to remain in the most successful economic story. Its
status as a super power is visible in innumerable fields like textiles,
garments, chemicals, silk, soft toys and ceramics. Despite its rapid growth
since 1979, China’s economy has attracted attention, only during the last few
years.
China is not alone. As the economies of other countries such as India,
Brazil, Mexico and Russia continue to gather momentum, they will
increasingly become major contributors to the creation of new wealth. It is
expected that in 20 years, China’s economy will be larger than that of the
U.S. and India’s will be as big as that of Japan. The regional composition of
the world’s largest corporations will change radically, spreading, over the
developing countries, rather than just being limited to the U.S. and Europe,
where the majority of them are situated today. As a consequence intraindustry
competition will intensify.
As an example from India, consider the case of the loosely held Tata
Group, a group of companies involved in a number of businesses, such as
steel, cement, engineering, chemicals, tea, construction, IT, hotels and
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