Globalized Economy

            The globalization of businesses, technical advancements, the dynamic requests, and burdens of customer demands exerted pressure on companies resulting in the formation of various competitive patterns (Singh, Garg, & Deshmukh, 2010). These altering competitive patterns forced organizations to contest along with various scopes- designing and creating innovative items, adopting smart strategies to industrialization, putting in place swift measures to supplies and marketing, effective communication, and coming up with suitable marketing approaches thus leading to glocalization. In simpler terms, two fundamental bases of globalization are information and modernization.  Internationalization and the fast-paced information systems generate information on products and services. Hence, globalization increases the demand for quality education. This phenomenon has seen a rise in the need for higher education all over the world.

            The role of globalization and higher education intertwine. For instance, in contemporary societies, higher education students need to grasp globalization concepts and apply their theories based on business models and understanding different cultures (Roudometof, 2014). Besides, comparative education theories claim that scholars need to comprehend local and global mechanisms for the sake of initiating comparative evaluations so that education content can become more global and relevant to societies all over the world. This way, comparative education theories seek to widen student's perspectives on various disciplines.

            It is vital to note that higher learning institutions facilitate the expansion of the world’s communities and this drives higher education demand all over the world (Singh, Garg, & Deshmukh, 2010). The organizational frameworks of higher education institutions tend to accommodate various traditions and ancient past hence bringing out a common interest which in turn shapes economic globalization. Just like another organization, a higher education center has to hire based on skills and knowledge hence bringing the precepts of globalization in it’s entirely.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

References

Roudometof, V. (2014). Nationalism, globalization and glocalization. Thesis Eleven, 122(1), 18-33.

Singh, R. K., Garg, S. K., & Deshmukh, S. G. (2010). The competitiveness of SMEs in a globalized economy. Management research review, 33(1), 54.