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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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Culture Change and Globalization: The Unresolved Debate between Cross-National and Cross-Cultural Classifications:

TL;DR: The authors examined the assumptions of culture homogeneity within nations and its stability in the current global context by using a sample of 720 respondents (207 in Canada, 263 in the US) and found that the assumption of homogeneity was false.
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Global convergence of consumer spending: Conceptualization and propositions

TL;DR: In this paper, a new perspective derived from the convergence-divergence-cross-vergence (CDC) framework and the coevolution theory is proposed to define and conceptualize the convergence construct associated with consumer spending behavior.
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Ubiquitous manufacturing: overview, framework and further research directions

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Needed B2B marketing capabilities: Insights from the USA and emerging Latin America

TL;DR: In this article, the authors examine B2B marketing capabilities of firms in Chile, Mexico and Peru (as Latin American countries), seeking conceptual issues in order to comprehend their business perspectives and contribute to the almost nonexistent body of research in this region.
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New Technology Mirrors Old Habits: Online Buying Mirrors Cross-National Variance of Conventional Buying

TL;DR: De Mooij et al. as mentioned in this paper examined the relationship between Internet shopping and national cultural differences, controlling for financial variables, and found that culture, relative to national wealth, is a significant predictor of Internet buying differences, supporting predictions from prior research.
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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.