...Pro-globalist vs. Anti-globalist, the seventh Secretary-General of the United Nations, addressed the force of globalization in his quote, “It has been said that arguing against globalization is like arguing against the laws of gravity. What is Globalization? It is the integration of the world, technologically, economically and politically, wherein the barriers between the national borders are removed to facilitate the flow of goods, capital, services, labour. Global production has created global markets which offer extraordinary growth for organizations in terms of growth & profits. It has led to sharing of ideas & technology, which further leads to innovation and technological progress. However, it is also blamed for increasing the gap between rich and poor, destruction of the environment, and threatening human rights. In the last three years, the anti-globalization movement has staged protests at meetings of the World Trade Organization, the European Union, the World Bank, the International Monetary Fund, the World Economic Forum, and the G-8. Globalization is a powerful real aspect of the new world system, and it represents one of the most influential forces in determining the future course of the planet. Globalization has many dimensions: economic, political, social, cultural, environmental, security, and others. Different people have different interpretations on Globalization. Due to these different interpretations, there are very different reactions, some consider it as a danger...
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...The Impact of Management in Business Globalisation You often hear the expression that the world is a “Global Village” where news & events are instantly accessible wherever you are in the world, through the internet/satellite driven media outlets including social media. This “globalisation” has also made the business world a global village. The Economist Gunder Frank opined that a form of globalisation existed in the third millennium B.C, another economist Thomas L Friedman put the history of globalisation three periods. First period (1492-1800) involved the globalisation of countries; the second period (1800-2000) involved the globalisation of companies the third period (2000-present) involves the globalisation of individuals. Business globalisation...
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...A Brief History of Australia’s Globalisation Abstract This journal article aims to investigate the first signs of globalization in Australia and how it affected aspects such the political, social, cultural and economic aspects in the country. This article will trace back to 1788 and see how economic globalization has affected Australia as a whole till this current day. Introduction Globalisation affects many aspects of people’s lives such as political, cultural and economic. Globalisation simply means that there are no borders between countries, which mean that trade, goods and services, and financial flows and labor will be able to move freely between different countries. Globalisation can be seen as the merging of the world into one big component (Robertson, 1992). Globalisation has spread rapidly throughout the country from the 1990s till now and the main form of globalization that Australia has seen is in the form of economic globalization. It has been said that in order to keep up with other countries, Australia has to create and provide better jobs and living standards that are higher (Sheil, 2002). Australia has been exposed to economical pressures from globalization that has affected many aspects of the country (McClelland & St John, 2006). Cultural Globalisation Cultural globalization is seen as the coming together of beliefs and values from people around the world (Castells, 2009). Aspects such as ‘welfare dependency’ and ‘social exclusion’ are...
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...Opposition to Globalisation "Globalisation" is a term that became popular in the 1980's to describe the increased movement of people, knowledge and ideas, and goods and money across national borders that has led to increased interconnectedness among the world's populations, economically, politically, socially and culturally (Dreher,2008). Nowadays, the world is becoming more and more globalized. There is no country that can escape from globalisation. With globalisation, many countries get benefits from it. However, it also caused many negative effects from globalisation in many countries. As the ancient Chinese Philosopher Laozi said: “Good fortune follows upon disaster; Disaster lurks within good fortune; Who can say how things will end? Perhaps there is no end.” So it is natural to oppose globalisation. There are many arguments from different views. Some political scientists argue that globalization is making nation-states weaken and that the functions and power of nation-states will gradually take over by global (Dreher et al.,2008). Economists argue that businesses is becoming more competitive and more and more workers may be laid off due to greater competition. For environment, globalization is using up finite resources more quickly and globalization increases world greenhouse gas with carbon dioxide emissions which makes the air pollution worse. For cultural, the uniqueness of cultural is lost in favour of homogenization and a "universal culture" that draws heavily from...
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...Globalization has transformed the world into one unified system through advancements in technology and communication systems. According to the IMF work by Masson (2001), globalisation can be defined as the increased integration of economies, reflected by increases in trade, capital, investment and migration flows. This phenomenon has brought about high economic growth (Dreher, 2003) and improved standard of living. It is thus deduced that globalisation will be able to serve as an effective tool to reduce poverty (Nissanke, Thorbecke, 2005). However, heated debate has arise concerning the unequal outcomes in economic gains created by globalization. Despite a decreasing amount of people living in poverty in China, poverty in areas outside China has increased (Stiglitz, 2006). Along with economic effects, it is also suggested that globalisation has resulted in a global identity where local cultures are homogenized and no longer unique (Friedman, 2007). This essay thus compares and contrasts both favourable and pernicious views on the effects of globalisation from two aspects: economic outcomes and cultures, and concludes that globalisation is more favourable than pernicious. Economists generally have a positive outlook on the effects of globalisation on economy since deregulation and openness to trade will create more jobs for the people. Friedman’s article on the globalized world (2007) supported this perspective as it showed how developing countries such as India have benefited...
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...Globalisation can be described as a process through which the economies, cultures of different countries have come closer to each other and have become integrated with each other. The term is used more specifically in case of economics as the integration of several economies to an international one thereby increasing trade, lowering down of trade barriers, increasing competition and generating multiple streams of revenues. Globalisation in respect to the international business takes into consideration the widening business horizons for the economies as they spread their wings to reach out to new international markets. The term means that companies now operate in multiple markets freely with lower legal and tax barriers and more opportunities to tap the market. This has also enhanced the scope of flow of goods and services from one country to another and have made the countries showcase their competitive advantage over others in the world market. The exports have grown with the rise in globalisation as countries reach out to other in the market to take advantage of the competitive advantage of each other. This has helped each country to develop its resource base and act as a supplier of goods and services to other countries in the world through the export market. For eg. China has become the manufacturing hub of the world because of the globalised economy. India offers quality services mainly in IT, medical and tourism to customers all around the world. Globalisation in terms...
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...NDU Economic Globalization By : Elias Barakat Instructor : Dr Queen Salame Outline : 1- Introduction , Page 3 2- The effects of economic globalization on developing countries , Page 4 3- Advantages and disadvantages of economic globalization , Page 6 4- History of Globalization , Page 9 5 - Factors Contributing to the Rise of Globalisation in the Early 1980s , Page 11 6- Conclusion , Page 14 Index , Page 14 Introduction: Economic globalization is a worldwide phenomenon wherein countries’ economic situations can depend significantly on other countries. Many allied countries would supply resources to each other that the other countries do not have. These resources can cover imported products, technology, and even human labor. Many people have observed that this phenomenon may lead to a “one-world government,” which consists of a centralized government for all nations. The nature of globalization and global economic change has been a subject of immense academic research during the past two decades. It is more a phenomenon in need of explanations than a universal cause of empirically observable outcomes in the so-called globalization theory.1* 1*Check references page The effects of economic globalization on developing countries 1- Increased Standard of Living : Economic globalization gives governments of developing nations access to foreign lending. When these funds are used on infrastructure including roads, health care, education, and social services...
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...Kamil Zagorski C00142216@itcarlow.ie Kamil Zagorski C00142216@itcarlow.ie Abstract This document is unveiling topic of globalization and does it benefit everyone involved in process Abstract This document is unveiling topic of globalization and does it benefit everyone involved in process International business Globalisation International business Globalisation Globalisation-Does it benefit everyone involved? Globalisation can be defined as trend towards more integrated global economy, great example of this would be EU where Free Trade is in place among the members, there is no borders separating those countries and most of its members have adopted same currency to aid trade in between its members. Every company and every person in the country is affected by globalisation due to its economic integration between countries, these countries are united in terms of trade in goods and services, investment, free movement of labour and in joint international actions for e.g. fight against pollution. Businesses take a lot of advantage from Globalisation because they can spread their operations globally, and this means that they can sell products all over the world, if necessary or cheaper to do so they have the opportunity to outsource their production to different countries where they didn’t have access to before. The speed that globalisation is occurring at is making a lot of businesses to spread as fast as possible before their competition will establish them-self’s...
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...GLOBALISATION Globalization is a complicated and contentious issue. It is the process of strengthening the relationship between countries, inevitably involving the respective national economies becoming progressively bonded which in turn promotes interrelationship and progression. The standard of living in developing nations rises due to globalisation, expanding technological awareness, and a boost in political freedom. (Harris 2002) The primary element of globalisation is the impact from the rest of the further developed nations. Historically, it is a series of actions which arises from ideas of people and industrial advancement. Peru is one of the nations which distinctly depicts the effects from globalisation. Peru was initially a third world nation suffering from scarcity and dictatorship, it is now progressing into a developed country. Globalisation has positively affected Peru by raising the Human Development Index, empowering females, and creating a more powerful nation. (Leon 2002) One of the advantages of globalisation which has a civil development is the increase in Human Development Index. It is an assessment and comparison of civil, governmental and industrial growth between all the nations in the world. With a scale of zero to one, the Human Development Index rates each nation, with the most developed, globalised nation scoring one. The capital gross domestic production, life expectancy during birth, literacy of adults, and the amount of people admitted into educational...
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...Globalization is a really widespread topic. There are millions of definitions, opinions, organisations and perspectives because it concerns the whole world. This essay is a try to give some information and to explain my views of the issue. The starting point of globalisation is not defined yet, but most scientists think it started in the 15th century when Christopher Columbus discovered the New World in 1442 where some think globalization began 8000 years ago, because at that time all the forces that would push globalization forward was already in place. The second one said that “Essentially, the basic motivations that propelled humans to connect with others - the urge to profit by trading, the drive to spread religious belief, the desire to exploit new lands, and the ambition to dominate other by armed might - all had been assembled by 6000 BCE to start the process we now call globalization.” The World Bank states that there have been three 'waves' of globalization. The first began in 1870 and ended at the beginning of World War I in 1914. It was characterized by a reduction in trade barriers and improvement in transportation technologies, which resulted in major migration of about 10% of the world's population. The next wave occurred from 1950 to 1980 during which multiple trade agreements occurred between developed nations which left out the developing world. The final (and current) wave of globalization (beginning 1980) in contrast has been characterized by the willingness...
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...the idea of Globalization and global connections in today’s world. Globalisation has various definitions attributed to it, but it is mainly the ways that individual countries have teamed up and act together. The political meaning of globalisation is that the world is considered as one country sharing one citizenship; a global one. Treaties and agreements continue to solidify globalisation as they focus on unity. The United Nations is an example of a union created to encourage globalisation. It also makes sure that conflict between nations is handled democratically as to avoid wars. Globalisation takes also form in sociological terms. It means that human suffering and discrimination should be banned on global basis. International solidarity should be enforced. Globalisation in terms of culture refers to the fact that people with different cultures should show tolerance towards each other and to the transmission of ideas, meanings and values across world. Globalisation could not have been possible without the latest technology. The technological definition of globalisation therefore refers to the way communication was made possible with such advancements including the internet and telephones. Economical globalisation refers to the way countries now depend on each other economically for goods, service, technology and capital. Multinational companies are an example of how various countries interact with each other economically. As everything else in life, Globalization has its pros...
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...ASSESS THE IMPACT OF GLOBALIZATION ON GENDER EQUALITY IN THE PHIILIPPINES Our world today is fast changing than ever and one of the greatest change we are experiencing is related to globalization. “The term globalization is widely used to describe a variety of economic, cultural, social and political change that have shaped the world over the last fifty (50) years (Guttal, 2010).” It is treated to be the product of fast phasing technological change, societal and economic progress. Song (2006) likewise claims that globalisation “encompasses myriad fluid networks of increased human communication and interaction, global consciousness, system of interdependence and societal restructuring with far reaching consequences” (Song 2006, cited by Metcalfe and Reese, 2010). But when doesglobalisation begun in the Philippines? Does it come during the Spaniard colonization, the American occupation or probably during the arrival in Manila of thosestately galleons from Mexico. According to O’Rourke and Williamson, globalisation existed even during the time of Columbus, but its dramatic change in almost all parts of the world has been felt only during the dawn of the nineteenth century (O'Rourke& Williamson,2004). As globalization progresses in the Philippines, it had brought both positive and negative impacts specifically on women. Women has always been considered in the context of globalization, since they are the ones who always suffers itsnegative impact. Hence...
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...GLOBALIZATION: BOON OR BANE INTRODUCTION Globalisation can be defined as the growing economic interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows through the rapid and widespread diffusion of technology. The fact that is important in today’s globalisation that really matters is that the accelerating speed is very fast. In the past it takes years or decades for influence to be passed for such an impact to be made. But today the influences or transmission of culture values, language, economy and administration can take place within months. This is the major difference. So globalisation is the transmission or extension of values, goods, services, thought or culture across border and it occurs with accelerated rate. The drivers for this accelerated speed are the technology and economic liberalism and the free movement of people. The nature of capitalism was such that entrepreneurial talent would not be constrained by geographical and legal boundaries. The growth of a dynamic trade system and the consequent development of classical payment arrangements like the gold standard have been seen by political economists as early yet decisive pointers towards the globalisation of the world economy. At the centre of this process is the idea of the Market and in particular the market for finance, capital, allied with the Multinational Corporation...
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...Globalization Nowadays people have become closer than before. Services and goods produced in a country will be available to sell in the other countries. We hear about globalization in the news every day, read about it in the news papers and hear people talking about it. Globalization is the interactively international and nearness of economies. The world is not a large and strange place anymore. We live in a place that is interconnected and intertwined. The world has become from a place that each country and their peoples are separate and isolated to a place that each country and their peoples are part of a global network. Thanks to globalization this is occurring. It is the process that has led to the diverse parts of the globe becoming much closer to each other (Slaughter and Swagel, 1997). Globalisation is the procedures by which the people around the world become connected to each other in all aspects of life, culturally, technically and politically, economically and environmentally. Globalization assists improving technology that benefits many people in throughout the world. By increased the spread of cultures, trade, information and creating options, Globalization can be highly beneficial to everyone by bestowing great fortunes on us. This essay will highlight some of positive and negative effects of globalization. Globalization is the ‘international integration” or ‘de-bordering’ – “a number of highly disparate observations whose regular common denominator...
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...Topic: Does globalisation pose a threat to cultural diversity The term globalisation is the movement and integration of people, ideology, economy, and culture beyond domestic and national boarders to other boarders around the globe thus growing the interconnectedness of various societies, economy, and culture. “Globalisation is a state of the world involving networks of interdependence and multi-continental distance” this definition of globalisation was offered by Harvard professors (Roberts Keohame, & Joseph Nye, pg105). We say that the course of globalization isn’t in any way a natural practice, i.e., a process that occurred as a result of human laws and orientation. Globalization seems to us as a deliberate, conducted process, the manifestation of an accurate cultural and economic model which carries a particular ideology or philosophy and a worldwide vision. This ideology has had a profound impact towards determining what people from all nook and cranny of the world believe. It has been generalised and made the global trend. For example; the case of American movies and hip hop music being seen as ideal and blueprints to everyone who want to venture into same field, and also the global urge to dress, talk, or even act American. At the pole position of this ideology are the Hollywood, and other multinational companies like McDonalds. Their actual Mother Nature necessarily linked to one specific country, even though they have their ancestries in the various part of world...
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