...What is globalisation and to what extent is the contemporary world actually globalised? To answer the question this essay will begin by attempting to provide a definition to the sometimes elusive meaning of the term ‘globalisation’. The essay will then take this definition and move on to use it to outline three different perspectives on what globalisation is. The three perspectives that will be used are the hyperglobalist, the transformationalist and the sceptical (Held et al, 2000, p10). Each of these perspectives on globalisation will in turn attempt to answer the question of what is globalisation. Within outlining each of these perspective’s views on globalisation, each perspective’s views on the extent the contemporary world is actually globalised will also be outlined. After this the essay will compare and contrast each of the three perspectives to gain an understanding of which of them provides the best or strongest answer to how much the contemporary world is actually globalised, before concluding with a summary of its main points and by pointing out that each perspective shares a general agreement that the capitalist system is the driving force of what globalisation is, but each differs in its views on to what extent the world is actually globalised. The term globalisation is one that is used with ever increasing frequency as if it had a universally accepted meaning and definition. According to Modelski, globalisation is a historical process which is characterised...
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...1. In our rapidly globalised world it is difficult to find a sense of identity and a place to ground yourself. Personally, I have found mine through my online community and my family. Consequently, It is through my computer and the internet that I am most connected to the global world. As someone who spends most of my free time utilizing this through video games, online chats and social media the internet, and my ability to connect to it is crucial to me. A typical night finds me at my desk space chatting with friends, drawing and posting on social media. a) One of the programs I use the most is called Discord. Discord is a messaging program similar to Skype, marketed towards people who have often have multiple programs running at a time created by programmers located in San Francisco. I use Discord to connect me to my friends who live all across the world. Discord has both a chat option and a voice chat function as well. In the diagram above you can see the voice chat function in use, as it connects me to two of my global friends....
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...ARTHUR LOK JACK GRADUATE SCHOOL OF BUSINESS THE UNIVERSITY OF THE WEST INDIES EXECUTIVE MASTERS IN BUSINESS ADMINISTRATION GLOBAL MACROECONOMICS AND THE CARIBBEAN BUSINESS ENVIRONMENT (BUAD 6085) INDIVIDUAL COURSEWORK ASSIGNMENT CAN SMALL DEVELOPING COUNTRIES SURVIVE IN A GLOBALISED ENVIRONMENT? Submitted by: VITRA SINGH (UWI ID #: 91780646) Cohort 22 25 OCTOBER 2010 It has been said that arguing against globalization is like arguing against the laws of gravity. - Kofi Annan INTRODUCTION I sit at a food court near a Manchu Wok take out in O’Hare International Airport in Chicago, waiting on a flight to Miami and a connection back home, to Trinidad. My Dell laptop is on the table in front of me and my Nokia phone is next to it. My roll-on hand luggage is at my feet, a SwissGear brand, bought in London with a tag on the side which reads ‘Made in China’. Across the table from me, sits a group of young American men on their way to Beijing. Announcements in the background call the departure of an Air France flight. A family walks by; a man, a woman and a girl of about six. The man calls out to the little girl and his accent confirms for me, his East Indian heritage. The girl’s attention is absorbed in a bright pink Nintendo DSi. Later at the gate, a seventy five year old woman from Nebraska, sits next to me and tells me that she is on her way for an ‘overseas adventure’ in South America. She has always wanted to do this, she says, handing...
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...believes that ‘something’ is happening out there. More industries are orientated towards global markets nowadays in which the increasing of internationalisation and globalisation can be considered as one of the most important development in the world economy. As a result, global division of labor has evolved to a specialisation of labors in different parts of the production processes without being limited by geographical constraints anymore. It leads firms in the industrial countries focus to produce manufactured goods, meanwhile the non-industrialised countries are specialised to supply raw materials or agricultural products to them. This process is not as simple as the theory because the fragmentation of production processes and geographical relocation has been involved in the present trade flow, however. In addition, the emergence of a new international financial is inevitable as well since the development of technologies of transport and communications has accelerated the global transactions (Dicken, 2003). But, there is no consensus whether that ‘something’ is a new thing or not. Some believe that a new globalised world economy has risen, while the others argue that the world economy is still internationalised rather than globalised. Furthermore, the processes of internationalisation and globalisation are coexisting although there is a distinction between them. The internationalisation process is more likely a quantitative process whereas the globalisation process can be described...
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...PLAN Introduction * What you are going to be reporting on (Company, challenge, PESTLE, SWOT, 5 Forces, CVF – MUST have an explanation of what it is) The Organisation The industry – supermarkets, news, journals * Market Share – who controls the market * Current news? * PESTLE – table and a SUMMARY! * Competitors – 5 forces table + competitor table Organisation - Tesco * Background * Statistics * etc * SWOT Challenge * Define it * In relation to company Recommendations * CVF – where should Tesco be Conclusions TESCO AND GLOBALISATION This Essay would contain information on Tesco as an industry and organisation. It would also analyse Tesco using the four models; PESTLE, SWOT, Porter’s 5 forces and the competitive value framework (CVF). An in-depth look into the term globalisation, its advantage and importance as well a the global challenge Tesco is currently facing, its competitor and how they have reacted to globalisation and recommendations on how to handle their global challenge this paper would contain. Jack Cohen first formed Tesco. This happened in the year 1919 when he first opened up a stall in the East end of London. Tesco started out as a very small business and it did so on the platform of sole proprietorship however today, Tesco is one of the world's largest retailers with a clear, proven growth strategy. It has over 492,000 employees and about 5,300 stores...
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... deregulation of markets and easy movements of businesses. Held et al argues there’s been globalisation of crime; an increasing interconnectedness of crime across national borders. The same process that brought globalisation of legitimate activities has also brought the spread of transnational organised crime. Globalisation creates new opportunities for crime and new means of committing crime, for example cyber crime. Manuel Castells (1998) argues because of globalisation there is a globalised criminal economy worth £1 trillion. This takes a number of forms such as arms dealing, human trafficking, green crime and many others. The global criminal economy has both a demand and supply side. A reason for scale of transnational organised crime is demand from the rich west. However the global criminal economy couldn’t survive without a supply side that provides the source for demands of the west, such as drugs and prostitutes. This supply is linked to the globalisation process. For example third world drug producing countries such as Columbia have large populations of impoverished peasants. For them drug investment is attractive; it’s simple to produce and commands high prices. In Columbia, 20% of peasants rely on cocaine production for their livelihood; cocaine out sells all other exports. Thus to understand drug crime we cannot focus only on countries where drugs are consumed. Globalisation creates new insecurities and produces a new mentality of risk consciousness where risk is...
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...Economic globalisation Globalisation has largely benefited the Australian economy. Australia has an abundance of natural resources that our population of 20 million people cannot use, therefore we sell the surplus to other countries that have a demand for the resources, giving us a world market of over 6.5 billion people. Australia's main exports have come from our primary industry, that is, raw materials such as minerals and produce. Our primary industry accounts for approximately 50 percent of our exports and includes coal, uranium, and iron ore as well as other minerals; cereal, such as wheat and rice; and meat and animal products, such as beef and wool. The other 50 percent of our exports are secondary goods and tertiary services. Secondary goods are those that have been processed or manufactured, such as machinery and food products, while tertiary exports are services, including education and tourism. See image 2 Australia imports a number of primary, secondary and tertiary products and services. Crude petroleum makes up the bulk of the primary imports, while computers and cars make up the majority of the secondary goods we import. Most of our tertiary imports are travel-related, including travel, transportation and insurance. See image 3 Importation has negatively affected some local industries. The hardest hit industries are secondary, such as manufacturing, because the cost of labour in Australia is quite high due to our higher standard of living compared to other...
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...Economic globalisation entails the interactions and interdependence of global markets, due to increased mobility of goods, services, capital and communications. Globalisation is driven by many factors, including technological advancements and deliberate neo-liberalist policy. It is not a new phenomenon, yet contemporary globalisation differs dramatically in scale, penetrating more people and remote areas than ever before. Globalisation has many benefits such as economic growth and poverty reduction, yet on a domestic scale economies must be allowed to adapt, and the global economy must be managed on an international scale. Economic interdependence and advances leads to a safer, more democratic world. The forces of globalisation have been set in motion and are not able to be reversed, hence the world must recognise globalisation as inevitable, and work to reap the benefits. Globalisation is an encompassing term, taking various forms that describing the vast social, economic, cultural and political changes that arise due to interaction and integration of people, institutions and governments of different states. Due to contemporary impact, globalisation here is defined within the scope of economic globalisation, it is a process driven by an international financial system of trade and investment. Globalisation includes the transnational movement of capital, goods and services, the spread of ideas, information and people through the increased mobility of communications, all enhanced by...
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...assess the claim that we live in a ‘globalised world’. Use evidence to support your discussion.” When looking at globalisation we have to realise that it isn’t just one thing, the word globalisation isn’t just one meaning, it isn’t just an economic or cultural concept and it doesn’t just affect these, it also effects a lot of other relations. It can be anything from personal to structural things and this can affect us on many different levels, as well as economic and cultural there are also environmental concerns and effects on the globe which now need global solutions. This is essay is going to explore the aspects of globalisation and assess analytically and critically how we are now supposed to live in a “globalised word” and to what extent that it is actually true, using evidence and examples from sociological scholars and every day samples to support different idea’s which are for and against this notion. Globalisation means cultures and economics are now becoming more the same, more homogenous and throughout this essay this will be challenged on how this effects the world we live in not just in Britain but in all other countries too. Globalisation is involved with dissolving boarders and making them less strict and more flexible, this allowing us to have growing global connections, something which is called interconnectedness. We can now receive information from across the world almost instantly this giving exercise and organisation of power on a global scale, (See Held and...
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...It means to open the Trade and Economy for the international players. In other words, every manufacturer or producer of goods can compete for sale of their products without restrictions or without any imposed control. For example, think of a small village market or meal where all are free to come and sell their products at their desired price, irrespective of places from where they come. There are no restrictions on control on their products or the prices. This is the globalised trade. Any country can participate to set up, acquire, merge industries, invest in equity and shares, sell their products and services in India. Therefore, globalisation should not be considered in isolation, but should be considered in totality with liberalisation of the industrial policy towards lifting of trade control and restrictions, influence of trade block and simultaneous privatisation. Global market treats the world as a single market. With the advent of information technology and its strategic application, the world is focussed as a global village and all traders are therefore globalised. The Earlier (pre 1990s) concept: Before 1990s India followed a patch of restricted trade. Such restrictions were that certain products would not be allowed to be imported as they were manufactured in India. For example, General Engineering goods, Food items, toiletries, Agricultural products etc. were in the banned list of import. Some other kinds of products which were produced in restricted quantity...
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...GLOBALISATION AND HIGHER EDUCATION DEVELOPMENT: A CRITICAL ANALYSIS RUI YANG Abstract – This article sets out to analyse critically the nature of globalisation and how it is affecting higher education. The author first reviews the nature of globalisation, and then examines its international impact on higher education development. He contends that globalisation is predominantly economic, and points out that global exchanges in the economic, cultural and educational domains continue to be unequal. At the same time, education is increasingly treated as a business. By exposing the negative side of globalisation and its effects on universities, the author aims to counter the uncritical acceptance of globalisation as a positive force for higher education and society as a whole. Zusammenfassung – Ziel dieses Artikels ist eine kritische Analyse der Natur der Globalisierung und ihrer Auswirkungen auf die höhere Bildung. Der Autor beginnt mit einem Rückblick auf die Eigenheiten der Globalisierung und untersucht dann ihren internationalen Einfluss auf die Entwicklung der höheren Bildung. Er behauptet, dass Globalisierung vorherrschend wirtschaftlicher Art sei und weist darauf hin, dass ein globaler Austausch in wirtschaftlicher, kultureller und erzieherischer Hinsicht ungleich bleibt. Gleichzeitig wird Bildung immer mehr als eine Art Geschäft behandelt. Indem der Autor die negative Seite der Globalisierung herausstellt sowie ihre Auswirkung auf die Universitäten, will er der unkritischen...
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...from about the late 18th century following the industrial revolution and the mass industrialisation of the western world. Modern can be distinguished from previous traditional societies in a number of ways. Firstly, the nation-state is the key political unit in modern society, we tend to think of the modern world as made up of a series of separate societies, each with its own state. In contrast to the small traditional feudal society where one had to look after themselves, modern nation states have created large administrative bureaucracies and educational, welfare and legal institutions to regulate their citizens lives. The nation state is also an important source of identity for citizens, who identify with its symbols such as the flag. Modern societies run off a capitalist economy. Capitalism brought about the industrialisation of modern society and with it the massive wealth modern nation-states now possess. However the wealth distribution within modern societies is unequal, resulting in class conflict according to the Marxist theology. The nation-state is important in regulating capitalism resulting in something Lash and Urry call 'organised capitalism'. A further feature of modern society is the domination of rational, secular and scientific ways of thinking correlating with a decline in the influence of magico-religious explanations of the world. Technically efficient forms of organisation, such as bureaucracies and factories, dominate social and economic life...
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...To what extent are China and India a threat to the USA’s current position as the world’s only true superpower? A superpower refers to a nation which holds and exerts, power (economic, military, and political) and influence (culture, religion) over a county. Over time the “true” superpower has changed. The term first applied to Britain where the British Empire had power over one fifth of the world’s population in 1922 (britishempire.co.uk) creating a bipolar world, following World War II and the Suez Crisis in 1956, the United Kingdom's status as a superpower was greatly diminished and shifted over to the United States and the Soviet Union for the duration of the Cold War period. At the end of the Cold War and the dissolution of the Soviet Union in 1991, only the United States appeared to fulfill the criteria of being a world superpower leaving it as the only true superpower. However with the increase in emerging superpowers such as china and India could they be a threat to the US? Which will be answered in this essay. Over the last decade China’s economy has bloomed, with their GDP increasing by 7.7% (World Bank, 2013), suggests that they have the potential to take over the US in terms of trade. In addition to a shift in trade ideologies, moving from communism to capitalism, adopting trade liberalisation and freeing up their market access and the introduction to china’s private sector, china has changed major policies to welcome Foreign Direct Investment (FDI) and Export Processing...
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...are a number of factors that have aided this transformation. They include: • The expansion of new markets – foreign exchange and capital markets are linked globally. They operate 24 hours a day with dealings any where in the world possible in real time. Financial deregulation and the floating of the Australian dollar since 1983 intensified the impact of globalisation on the Australian economy. • New technology and the tools of globalisation – the internet, email, mobile phones, media and communication networks have all sped up the process of globalisation. They have increased the spread and speed of knowledge transfer and communication. Australian consumers can buy products from any nation in the world, transfer funds between accounts or purchase shares in any major market. Australian businesses can market their products at a fraction of the cost and be exposed to a global market place of competition. This potentially is the closest we will ever come to the perfect market. • New institutional players – The World Trade Organisation (WTO) has growing authority over national governments, as does the IMF with its restrictions and controls it can impose on nations requiring assistance. Multinational corporations have more economic power than many nations. Hedge funds and financial dealers are able to manipulate financial flows and subsequently exchange rates, leaving nations helpless in their wake. This in turn renders traditional economic policy...
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...role are shifting with this changing towards a societal governance ruled over by traditional political actors. It guides to an argument of the results of a process for a responsible corporate role in globalised world. This analyse includes four different articles. The goal of this case is to figure out the results of the social and political mandate of the corporation. This study also contains transnational companies which are getting more powerful in affecting the political, social, and economic circumstances in their host families. Introduction What is the effects of globalization on business firms’ relations and responsibilities ? The goal of this case to figure out the results of the social and political mandate of the corparation. This study also contains transnational companies which is getting more powerful to affect the political, social and economic circumstances in their host families. Some cases assumed that internalization guide to conversion of business sensation of its role in society. Globalization is a process which refers distinctly to economic globalization. It means that the integration of national economies. National borders and distances start to lose their economical and political importance with global integration. A Nation state’s power on regulation decreases .Global business firms operate in a complex environment with a space in regulation. The...
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