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Globalization of Markets

Govil S. K., +1 more
- 01 Jan 2013 - 
- Vol. 6, Iss: 6
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TLDR
The globalization of markets and manufacturing has vastly increased international competition with respect to almost every product all over the world as mentioned in this paper, which is the ability to produce and/or sell goods/services in global markets in open competition with others.
Abstract
Globalization means the ability to produce and /or sell goods/services in global markets in open competition with others. Only the fittest will survive in open competition. There exists comprehensive foreign competition with respect to almost every product all over the world. The globalization of markets has vastly increased international competition. While pursuing the strategy of globalization, the firms have to face the challenges of managing human, technological, physical resources in the foreign markets. The globalization of markets and manufacturing has vastly increased international competition.

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The Interplay Between Global and Local Brands: A Closer Look at Perceived Brand Globalness and Local Iconness

TL;DR: In this article, a linear structural relations framework was used to test the chain of relationships that drive consumers' likelihood of purchasing the global brand in the presence of a local brand in an emerging market, Turkey, and two mature markets, Singapore and Denmark.
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The Effects of Perceived Brand Globalness and Perceived Brand Localness in China: Empirical Evidence on Western, Asian, and Domestic Retailers

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How has the globalization of markets impacted the blasting equipment manufacturing industry?

The globalization of markets has significantly increased international competition in the blasting equipment manufacturing industry, challenging firms to manage resources effectively in foreign markets.

What is market and global buyers?

The provided paper does not specifically define or discuss the terms "market" and "global buyers."

What is global market?

The paper does not provide a specific definition of global market.