Citizens and Globalization - Coursework Example

Summary

This paper aims to answer the question should the average citizen resist globalization. This would include how people behave as consumers and members of civil society. Globalization is the process of the internationalization and integration of nations arising from human connectivity…

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Subject: Macro & Microeconomics
Type: Coursework
Level: College
Pages: 7 (1750 words)
Downloads: 2
Author: klittel

Extract of sample "Citizens and Globalization"

Download file to see previous pages The goal of globalization is to provide the business world an utmost competitive advantage while having low operating cost to gain worldwide consumers, goods, and services. Globalisation uses the diversification phenomenon for the use of resources. It is a strategy that provides a long-range of products and services. It enables businesses to compete worldwide by diversification because it includes risk reduction in international trade. It promotes economic growth and performance of a nation.
Looking at these factors it can be said that the people around the world do not resist globalisation. It is not a new factor even it has economic roots i.e. international trade, finance, migration, and ideology. The people as the members of the society as the consumers should behave positively with respect to globalization as this gives them the advantage to have a variety of goods and services from around the world (Ilmberger & Robinson, 2002).
Globalization also involves innovation due to the commercialization of national technology across international boundaries that is high tech products (includes all electronic, electrical products, etc.), all this helps consumers to have better goods and services and take the advantage of technology which is not available locally.
Globalisation boosts international travel and tourism indirectly due to international business. Immigration between countries, the formation of free trade zones, the growth of cross-cultural contacts, enhancement in worldwide culture, etc. is increasing due to the globalisation.
The major components of globalization includes production, investment, international market and advancement of technology, all these components are advantages for the consumer and the people of the society in terms of the growing economy and businesses and benefiting the consumers in terms of betterment of the competitive forces and reducing the price of goods and services due to increased competition in between the local and the international players. ...Download file to see next pagesRead More

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Citizens and Globalization - Coursework Example

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