A literature Review of Global Economy and Globalization Era | Noruzi | Acta Universitatis Danubius. Administratio

Vía: A literature Review of Global Economy and Globalization Era | Noruzi | Acta Universitatis Danubius. Administratio

Acta Universitatis Danubius. Administratio, Vol 3, No 1 (2010)

A literature Review of Global Economy and Globalization Era

Mohammad Reza Noruzi, José G. Vargas Hernandez

Abstract

Globalization presents opportunities to increase prosperity and ensure better jobs. For consumers, it brings a wider product range to choose from and lower prices. For firms, it brings opportunities for higher efficiency gains and productivity growth. But globalization also poses challenges. In Europe and the other OECD countries the demand for a highly educated workforce will be increasing, while the demand for some low skilled will be decreasing. In this globalization era, innovation plays an important role in the organizational success and firms and organization should aware of the importance of innovation