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A result in increased exposure to global forces

Businesses operate under the process of globalisation that is constantly changing. It used to mean the westernisation of the developing world but the newly emerging economies  such as Brasil, China and India are redefining processes and institutions.

Businesses need an understanding of the processes in the global context and even if they do not trade directly with other countries, they might be affected by domestic shortage of skilled labour or may be subject to developments on the global financial markets.

“All businesses need to be aware of their global context.”

Globalisation is here to stay and despite apparent retreat into nationalism in light of economic conditions in 2008, in 1980, the share of the developing countries in world trade was 22 per cent, by 2005 it was 32 per cent and the World Bank predicts that their share will be 45 per cent by 2030.




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