On Crisis Management

 

On Crisis Management

 

Globalization as defined by the internet is the process of interaction and integration among people, companies and governments worldwide.

Globalization is a powerful economic tool for any nation and its people. Any barrier that existed or presumed to exist starts to get dissolved by globalization. By journeying through the flowing streams of globalization the cultural richness and people’s talents of any country is understood.

Globalization works on a mutual give and take policy framework. It is up to any nation to use their skills in identifying the best in them that can be shared to others and the best in others that can be used by them. Globalization in addition to strengthening the economic parameters of a nation also enriches their social structure.

When a nation gets into the framework of globalization, it enters into a trade exchange network. In this Global trade network when a nation faces crisis in certain sectors, other nations in the network can work out a plan to help the nation in crisis. One nation’s advantage needs not be another nation’s disadvantage. When Globalization assures mutual understanding then managing crisis should not be difficult by nations.

Only when Globalization starts to work on profits, then losses will be byproducts and a burden, it is just then, the mutual interest’s starts to get vaporized. Over a period in time this will lead to a greater barrier than ever before between nations. Globalization should be more of a participative management process rather than a mere economic exchange program.

A healthy global partnership program solves crisis faced by its partners.