Survival in a multi-faceted global economy – Innovative Financial Advisors Pvt. Ltd.

As the world tries to recover from the global financial crisis with a global GDP growth rate of 2.4%, still there are dangers that are lurking beneath the surface for which nations need to be careful. It is important that there isn’t in any policy paralysis and the developing countries especially India and China continue to grow over 5 percent annually. The global economy still remains vulnerable due to the rising global interest rates and the potential volatility in capital flows, especially since the United States Federal Reserve Bank has begun to withdraw its massive monetary stimulus.

Given the global situation, Innovative Financial Advisors Pvt. Ltd. understands it is important for an organization to keep up with the global business trends. Research is one key factor that drives growth in a multi-faceted economy. In order to tackle the challenges of a globalised economy and continuous research is definitely required to match up to the global standards. Innovative Financial Advisors Pvt. Ltd. believes that innovation is the driver of growth and prosperity and organizations that don’t encourage innovation are not sustainable in the long run. In today’s globalised world, there is an information technology revolution that is spurring innovation. It allows creation of unique business models, helps break sterotype and facilitates access to global markets and enhance revenue generation. Thereby fades away the traditional borders for products, services and labourers across the world.

Globalization has created mutual dependence of economies. It is expected that as the rich economies will start growing at a faster rate, the exports from the developing nations is likely to increase in the years to come. This also means normalization of policies leading to reduction of capital inflows for the developing countries. This might again lead few developing countries into crisis. Also, market integration leads to increase in competitiveness and it becomes tough for smaller organizations to survive. Keeping all this in mind, Innovative Financial Advisors Pvt. Ltd. believes that the organizations especially in developing countries need to think of venturing into newer markets and the sustainability aspects. Sustainability of an organization is related to how an organization adopts to the changing global scenario. Consumer interest and trust also plays a crucial role in determining an organization’s sustainability. Therefore, in depth analysis is required to ensure organizational growth and sustainability in today’s globalized world.

Globalization has created mutual dependence of economies

Globalization has created mutual dependence of economies

Rahul Choudhury

Innovative Financial Advisors Pvt. Ltd.

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3 thoughts on “Survival in a multi-faceted global economy – Innovative Financial Advisors Pvt. Ltd.

  1. Market liberalization and globalization have opened the gates for many new competitors so Proper research, latest technology, shareholder support & customer satisfaction is required for the survival of any business/economy in this competitive environment.

    Like

  2. Pankaj says:

    certainly liberalization and globalization leads to the integration of national economies to the international economy in form of trade, FDI and spread of technology but one of the negetive impact of globalization is that it start affecting industries where certain countries start dumping of goods below the cost price.

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  3. Pooja Arora says:

    Due to Globalization, elimination of local monopolies and inefficiency has taken place giving access to more opportunities available all over the world.

    Like

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