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The treaty signed helps in offloading one commodity and acquired the other. There are different rewards and detriments that are coupled with globalization (studentresearch 1). The concern of this writing will be the outcome of globalization on the environment.
Globalization is inescapable in many countries of the sphere. Every country requires offloading its excessive production in a market with the highest return. The country will also want to buy a commodity that is produced scarcely in the country. When buying, the country will choose from the available options and will go to the high quality and low-cost commodities. The final segment of this trade will ensure that the country makes profit. The profit made will be useful for investment, and the invested segment will lead to economic growth and prosperity.
During the investment trend, countries have come to invest on what they can produce best. Producing the best commodities leads to specialization. In the course of economic growth and investment, there is a high trend of population growth. The populace growth can be as a result of numerous measures. Investors can immigrate into the country to look for an investment opportunity (Jorgenson and Givens 849). This measure is considered to have a small weight on the escalation of the population. Secondly, there is always a positive population growth in every country resulting from a high birth rate and low mortality rates. The final answer to the equation is always an increase in mortality rates.
The growth of persons in the area has some consequence to the environment. An increase in population usually leads to increased pressure to the environmental resources. Reserves like land, water, and forestry are highly affected. The effect makes comes in when must settlement of the increased population. The population will opt to move to the unsettled area that mostly act as a source of the water reserves. When the
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For Strinidal to expand its businesses to other nations it has learned of the environment of the global markets. There are also factors that will affect international business, they are, cultural, political and economic factors. Political events in Strinidal are of great concern because they influence the cost of doing business, the social and economic stability of countries, the accessibility to the human and non human resources.
Four main changes are identified as namely; Change in vision, goal and mission of organization, Loyalty and motivational changes in employees, Business routines and rituals. The study concludes that globalization has both negative and positive effect to the cultural environment of business in China.
Globalization, Its Significance to Challenges of Development and Key Debates. Globalization and related development were considered as the wave of the future when they first appeared to unite countries into one global economy for the mutual benefits, which presumed global integration and interdependence in the technological, economic, social, cultural, ecological and political spheres.
With the phenomenon of globalization, the world has become borderless in terms of minimising the constraints of the distance and nation. That is to say, the economies of nations of world have happened to be highly integrated in a sense that there is no restriction of the flows of goods, services, investments, and other more aspects between and among countries.
Globalization has even decreased the distance between people and has led to increase in economic development of both developed and developing nations. Even though globalization has impacted human life in a positive manner, it has even resulted in impacting human life in a negative manner.
Globalization empowers a view for the entire world as a whole irrespective of the national identity and thus globalization has narrowed the world by bringing people of all nations closer (What is globalization).
Enabling people of one nation to communicate with those of the other nation(s) is the biggest achievement in terms of globalization and development.
Episodes Three which is entitled New Rules of the Game discussed globalization and its impact in the world economy.Globalization doesn’t just involve the goods and services.Market integration also means the assimilation of countries’ financial markets.Countries like Thailand were greatly helped by the inflow of foreign direct investments.
It is an issue because the west is concerned about the environment’s well being in expense of the people’s well being, in developing countries. Additionally, the west dictates to the developing countries how they should develop
This political and industrial energy tug has caused massive pollution around the globe, which has contaminated natural water resources and made the land infertile due to landfills. Oil spills and chemical waste in the sea water killed thousands of marine species; deforestation caused soil erosion and lack of oxygen production, which consequently increased carbon dioxide level in the air (Anon, 2014).