This website uses cookies to ensure you have the best experience. Learn more

Sweden And New Age Of Globalization

1330 words - 6 pages

Sweden and new age of globalization
In the last recent years, world trade had an outstanding growth in domestic product leading to spread more about the word ’’globalization’’. However, the new market’s demand is reason of this development, yet the trade practices reduction that prevent movement of services from one state to another thru World Trade Organization (WTO) had an important impact on this growth in world (Christopher, 2011). In the start, globalization recognized as a solution to insufficiency and assistance to overcome the inadequacy, however, this view has changed after the US Presidential election speech in 2008 and globalization became a concern for both the U.S and Europe ...view middle of the document...

* Sweden’s commitment to equality of gender in both society and work.
* Communication, use of information & technology in daily lives are other elements making this model successful and helps Sweden and other Nordic countries to stay stable and secure compared to other countries such as US.
Furthermore, according to Taylor (2005) Scandinavian countries and companies are strong and well managed in technology and research which express the strong growth and low joblessness and – so forth as most competitive economics countries in the world. However, Anders Borg chief economic adviser of Sweden’s Prime Minister Reinfeldt named Sweden as one of the countries in Europe which globalization has provided extraordinary benefit for, rather than being a threat (Economist, 2006).
Thus, I confirm Mendelson words concerning rising of economic challenges however, there is an opportunity for Europeans like Sweden to overcome these challenges thru use of remarkable manpower and resources to create better market. And as Christopher (2011) stated ,in order to stay competitive in today’s global market companies must focus on strategies to decrease the cost and enhanced the service which is possible thru three different strategies: ‘’ focused factories, centralized inventories and postponement’’. This is what Scandinavian countries considered; using manpower and logistic strategies to overcome challenges related to globalization.
Another fact mentioned by Mandelson (2008) is that global economy of Scandinavian countries and the States are very similar; however, their political choices on prosperity distribution are different. In other words, different countries have different strengths. Additionally, increasing concern on globalization in the US is because of the different welfare system as well as stabilizing wages of middle class society. Taxation could be a similarity between these two countries; however, open economy and redistributive welfare along with heavy taxes differs Sweden from other countries when it comes to welfare system and impact of globalization (Steinmo, (n.d.).
As shown in Appendix 1 economy of the Sweden is mixed of several segments. The most important sectors which play a huge role on country’s economy are forestry, iron and fuel industries (Borrelli, (n.d.).Chemical and pharmaceutical industries are other sectors playing role in country’s economy.
Globalization has a positive effect on Sweden’s production and high skilled labor services which is very important advantage for the country. Taking to account demand of well skilled workers along with low skilled import of goods are other elements showing the influence of globalization on EU countries and on top of them Sweden. Appendix 2 has shown the impact of globalization in comparison to other countries. There are other differences between European countries e.g. Sweden and USA, for instance in 2004 Sweden accomplished the first place in bank sustainability group, yet the...

Other assignments on Sweden And New Age Of Globalization

Globalization Essay

458 words - 2 pages wages, fairness, and harming the working and poor class people of developed nations. The benefits of globalization are skewed to benefit corporate interests and not the workingman in a developed nation. Reference Bhagwati, Jagdish. In Defense of Globalization. New York: Oxford University Press, 2004. Burtless, Gary; Lawrence, Robert Z.; Litan, Robert E.; and Shapiro, Robert J. Globaphobia: Confronting Fears about Open Trade. Washington, DC

Globalization Essay

1250 words - 5 pages Globalization Essay Globalization is a concept that in theory serves to break down borders, creating a more unified economic and social community. It is a not a new concept, and has been in the works since at least the latter part of the 20th century. It is debatable as to whether everyone truly benefits from its implementation, however there are undeniable positive outcomes from a global community. There are many factors that have helped

Globalization

457 words - 2 pages Impact of Globalization On Trade & employment Globalization is the process by which the world is interconnected through technology and powerful infrastructure for the purpose of communicating and managing resources. Globalization seems to talk about several vibrant phenomena which ensure two major components. Firstly, they function across national boundaries and secondly, they result in higher incorporation or interdependence of human

Globalization

610 words - 3 pages Globalization Today we are connected to each other in many ways than ever before due to a lot of our technological advancements. Products and services are not only available in one place any more but rather now increasingly available in all parts of the world. Globalization has increased the strength of our economy and in others around the world. There are many benefits and advantages to globalization but not everything is perfect. A lot of

Information System

1763 words - 8 pages (2004), Regional Integration in A global Framework, G-20Workshop,European Central Bank, Frankfurt. Kudo ,A (2000), Anote on Globalization and Regional Integration. Oman,C (1996),The Policy Challenges of Globalization and Regionalization ,OECD Developmenta Centre Todaro,M and Smith ,W (2003).Economic Development 8th ,India Private Limited, New delhi India Bairock,C and Kozul ,R (1996),Globalization Myth, Some Historical Reflection On Integration, Industrialization and Growth in the World Economy, Geneva

Globalization - 526 words

526 words - 3 pages Globalization Name for the process of increasing the connectivity and interdependence of the world's markets and businesses. This process has speeded up dramatically in the last two decades as technological advances make it easier for people to travel, communicate, and do business internationally. Two major recent driving forces are advances in telecommunications infrastructure and the rise of the internet. In general, as economies become

Globlisation Of Economy

1437 words - 6 pages Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are

Khurram

2092 words - 9 pages The Effects of Media Globalization By Mary Hickman Media globalization cannot be stopped. It is a result of new communications technology. It is also the prerequisite and facilitator for all other forms of globalization. Multi-national media is critical to global industries. Many Americans feel that we ought to enjoy the benefits of media globalization, such as global communication, rather than fearing and attempting to avoid the

Definition Paper

825 words - 4 pages them. 50,000 years after that a second group arrived in Asia. The agents of globalization in its early stages were made up of traders, preachers, adventurers, and soldiers. The desire to improve the lifestyle in various countries is what initiated the first trade agreements in Europe, Asia, and the Middle East. People wanted luxurious silk, and spices, and extravagant stones. This desire is what led to the foundation of the new world

International Management

3768 words - 16 pages GmbH. Lechner, F. (2009). Globalization: The making of world society. Malden: Wiley-Blackwell. Mead, R., & Andrews, T. G. (2009). International management: Culture and beyond. Hoboken: Wiley & Sons. Puffer, S. M. (2004). International management: Insights from fiction and practise. New York: Sharpe. Ritzer, G. (2011). Globalization: The essentials. Chichester: Wiley-Blackwell.

Globalization - 1174 words

1174 words - 5 pages GLOBALIZATION Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human

Similar Documents

1. Discuss How The Interaction Of Class, Gender, Race And Age Affects Criminal Opportunities

298 words - 2 pages Many criminologists have looked for the answers on the effects of crime with only a few who agree on common grounds on why some choose to commit crimes and others choose to defy it even though there are given opportunities. Criminologists have found four sociological variables class, gender, race, and age are now viewed as a direct contributor to deviant behavior. One view as put by Anderson “When alienation becomes so entrenched, an

Flourish: A Visionary New Understanding Of Happiness And Well Being

2309 words - 10 pages Flourish: A Visionary New Understanding of Happiness and Well-Being Question 1: What alternatives to cosmetic depression drugs do you think would be effective and how could universities apply them to depressed students? In Flourish, Martin Seligman describes two forms of medication: cosmetic drugs and curative drugs. He further explains that insurance companies can only reimburse brief treatments because a complete cure generally

Business Model And Strategic Plan Part I: Conceptualizing A New Product Or Service Division Of An Existing Business

3061 words - 13 pages , and sales (Amazon, 2015).  Phase One Internet Presence The Pet Buddy is a new product with only one similar product available for purchase. In addition, because our company is a startup the funds initially allocated for the marketing of the product are minimal. Therefore, one way we have opted to minimize the cost of marketing is to offer the product through websites like Amazon.com and other similar sites. Sites like Amazon help minimize the

The Internet Will Bring About A New Freedom Of Information And So Narrow The Technology Gap Between Developed And Developing Countries

415 words - 2 pages The Internet will bring about a new freedom of information and so narrow the technology gap between developed and developing countries. The Internet has emerged as the most rapidly adopted communication mean in history. For the last decades it has built bridges between almost all corners of the world and created the greatest depository of all kinds of information. Access to these new technologies enabled rapid development of all countries