Global Finance Environment Paper

1591 words - 6 pages

Global Finance EnvironmentThis paper will analyze the drivers and consequences of globalization, describe the risks associated with global investing, and explain the importance of cultural sensitivity and ethics in global finance. However, there first must be an understanding of what globalization entails. Globalization is the expansion of companies and entities into the international market; working, manufacturing, and selling or buying from two or more countries. Companies that sell to other countries or buy from other countries are not a good example, but those that have investment, manufacturing, or other divisions of the company in another country is definitely globalization.Drivers of GlobalizationMany drivers of globalization affect an organization financially. Improvements in communication and transportation such as internet, emails, mobile phones, formation of trading blocs, depletion of trade restrictions and creating of new trade agreements among nations, comparative and competitive advantage being offered by certain nations and markets are all driving globalization and increasing trade among nations. Today, countries are increasingly becoming dependent on each other and companies are making a foray into global markets, either to increase their sales or to achieve comparative advantage in terms of production and thus satisfying the needs and wants of ever increasing demands of customers.These changes are increasing the resource requirements of global corporations who require more resources, financial as well as non-financial today than ever before to compete in this globally competitive scenario and to support the increasing scale of business. Some of the most important drivers of globalization are the elimination of trade barriers and establishment of free trade agreements: This has been one of the most important drivers of globalization as the removal of trade barriers and establishment of trade agreements opened up huge markets for global corporations and significantly increased bilateral trade. For our money transfer business, the increasing trade between nations has proved to be a boon as such increase in bilateral trade means increasing need of transferring funds from one country to another.Another major driver is improvement in communication technologies, such as the internet. The significant improvement in communication technologies has been cited as one of the most important innovations of all time as it has completely shrunk the geographical distances between nations and have redefined the physical boundaries of trade. Such technologies have made the world a global village. In today's world, one can use the benefits of internet and ecommerce to trade anywhere in the world as well as communicate with people all over the world at almost zero costs. These technologies have proved to be a backbone for our business as well. The money transfer business heavily relies on internet and other modern communication technologies for...

Find Another Essay On Global Finance Environment Paper

The Future of Management Essay

835 words - 3 pages destructive power. Just as climate has shaped the environment over the millennia, the interaction among cultures and societies over tens of thousands of years has resulted in the increasing integration of what is becoming the global human community. Organizations today can now reach customers in every nation and can cut operational costs through global production and distribution systems. International markets undergo constant change, intense competition

Paper Consumption and its Environmental Impacts in Indonesia

1019 words - 5 pages National Geographic. (n.d.). Paper buying guide. Retrieved on May 21, 2014, from Paper on Web. (2011). Paper and paper web production and consumption for Indonesia. Retrieved on May 21, 2014, from Science Direct

Chicago Booth: Everything I Want For My Future

871 words - 3 pages business and global economy. I see investments and finance as a global industry. In the future, I see my enthusiasm driving me to take innovative, more challenging approaches to understand international business, finance, and investments, where really undervalued opportunities exist. I think Chicago Booth is the ideal learning environment for learning international business. Its diverse international students and faculty will help me gain an

Overview of Financial Affairs of Local Government of Multan

921 words - 4 pages Abstract Public finance deals with the financial management of public entities. This paper provides an overview of the financial affairs of local government of district Multan and identifies issues faced by the systems to deliver efficiently and effectively. It also highlights areas or improvement and opportunities to fund these activities. The district government heavily relies on the provincial grants and has very limited self generated

Project Finance Concepts, how it works and risks associated

5748 words - 23 pages involved in project finance in mitigating those risks, against a set of indicators devised by EIRIS. Finally the paper discusses how financial institutions could further decrease their risk exposure while investing in largeand often controversial projects, as well as looking at best practice examples within the financial industry.EIRIS chose explicitly to look at project finance as a financial instrument and itsrelated risks and not solely at

The global financial crisis has provided opportunities for BRIC countries .Discuss with reference to two BRIC countries

1154 words - 5 pages Introduction In 2007 to 2008, many developed countries entrapped an enormous critical state of global financial crisis and forced numerous countries into recession because the economic imbalances resulting from inefficient and unequal income distribution have not been properly addressed(IILS, 2008; Rajan, 2010)Nevertheless, the BRIC countries were feasible to withstand. The aim of this paper is to analyze China and Russia, which were able to

What are Global Cities?

623 words - 3 pages finance. But although these cities are the residences of large corporations and international systems of finance, they also have an increasing number of poor people. In Global cities, there is a sharp contrast in wealth, access to economic opportunities, and quality of life between those who have a place in the world’s finance capital and the urban poor. The poor in Global Cities are often immigrants because these cities are marked by large-scale

Asset Classes Paper Mutual Funds Class A Shares, Class B Shares, Class C Shares

1006 words - 4 pages PAGE Asset Classes 1 Asset Classes PaperFIN 402The mutual fund chosen is Merrill Lynch Global and the Dow 30 organization chosen is McDonalds. The asset classes for both the mutual fund and Dow 30 organization will be determined. The following will explain how classifications and the current investment environment impact organizational decisions concerning the composition of these portfolios.Merrill Lynch GlobalMerrill Lynch (2006).Merrill

The Joys of Finance

760 words - 4 pages prepare me for a market-oriented environment, and therefore boost my long-term career in China in the foreseeable future. My internship as a financial analyst and consultant with the Global Business Service division of International Business Machines Corporation (IBM) reinforced my interest in this industry. Although it was common for me to spend over fourteen hours per day on analyzing the financial reports of one project, I earned the purest

Islamic Financial System: The Sukuk or Islamic Bond

1127 words - 5 pages the future (Afshar, 2013). Furthermore, Islamic banking is known as a key contributor in the Islamic finance total assets in terms of its market share, which is of about 80.3% (, 2013). Having to consider such progressive trend of the Islamic Finance and banking sectors in the global finance system, one mechanism or facet of Islamic financial system that strikes the most to be of great importance and is continuously embraced by the

Is Mill Paper Threatening our Nation?

1772 words - 7 pages thickness, color, and texture. Every sheet of paper is unique and different from one another, but handmade paper does not harm the environment and it's just as useful as mill made paper. Two thousand years after handmade paper was first seen, handmade paper is not as common as it once was, and the environment has suffered. Greenhouse gases are what scientists say causes global warming, according to the article “The Hidden Life of Paper and Its

Similar Essays

Mgt448 Global Finance Paper

998 words - 4 pages Warren Hill in his book, Competing in the Global Marketplace states that "international financing extended by banks around the world reporting to the Bank for International Settlements is estimated at $6.4 trillion, including $4.6 trillion net international lending. Total world banking assets are put at more than $20 trillion, insurance premiums at $2 trillion, stock market capitalization at over $10 trillion, and market value of listed bonds at

Warrior Ethos Essay

351 words - 2 pages Warrior ethos is very important because finance soldiers need to be multi-skilled in today's modern Army. When the global war on terrorism started, that's when I feel Finance branch realized that our Soldiers don't have the warrior spirit as compared to the Combat arms branches. Warrior ethos is more than learning how your basic skill level task, its taking pride in your MOS and learning everything about your MOS. This is done by emphasize

Global Economic Governance: A New G20 Regime?

2541 words - 11 pages Governance: A Legal Perspective, New Modes of Governance Project No. CIT1-CT-2004-506392, 2006. Rosenau, James, N., “Governance in the Twenty-first Century”, Global Governance 1(1), 1995, p. 13-43. Ruggie, John G., “Territoriality and Beyond: Problematizing Modernity in International Relations”, International Organization, 47 (1), 1993, p. 139-174. Scholte, Jan, A., “Governing Global Finance”, CSGR Working Paper, 88(02), 2002, Warwick: University

Islamic Finance Industry Essay

1018 words - 5 pages and triggered the global financial crisis. These include toxic assets, derivatives, and conventional financial institution securities. (Hassan and Dridi, 2010). The goal of this paper is to understand the effect of financial crisis on Islamic banks in Malaysia during the middle of 2008. Towards this end, this paper examine data on changes in profitability which is profits in Ringgit Malaysia, changes in credit growth whether through bank lending or