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Currently, increased migration of people has turned the world into a global village. In addition, transfer of information in an economic and timely manner through communication technologies has promoted cross-border interactions (Hassan & Michael, 2014). In an effort to describe the current rate of globalization, scholars agree that today, human interactions across borders are not only faster and cheaper, but also farther and deeper.
As insinuated earlier, globalization impacts all the social, economic and political aspects of life. Within an economical context, international trade and investments have promoted effective transfer of goods and services across national and regional borders. Politically, governments have legislated policies that facilitate cheaper, faster and deeper movement of goods and services across borders. The social aspect of global acculturation has leveled social barriers of language and transformed the world into an interacting community (Pauline & Parsons, 2009). Globalization of commerce today entails changes in the marketing and production aspects of business. In production, companies are no longer restricted by national barriers in sourcing means of production, specifically raw materials and labor services. On the other hand, the increased decline in social, political and economic barriers has eased the selling of products and services to consumers around the globe. Technically, globalization of marketing and production aspects of business has yielded consequences that substantially impact business stakeholders, especially consumers (Pauline & Parsons, 2009).
In the context of marketing, globalization has effects on the manner in which consumers behave. Primarily, consumers refer to persons or organizations involved in the purchase of goods and services offered in the global markets. Personal consumers are known
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This paper focuses on the cultural effect that globalization has had in the modern world appreciating culture as way humans exist in a community expressed through different forms of their lives. The focus would be on how globalization has caused the emergence of new global professions, pop culture and global village.
Recently it was observed that the US steel industry has been effected by globalization. The US steel producers always want to be more competitive in a global market in order to strengthen themselves and take proper advantage of the opportunities that are prevalent in a global perspective.
The sharing of goods, services, and skills has improved technology worldwide; this interaction among countries leads to integration. Beer & Koster (2009, p.106) emphasize that globalization involves increased cross-border interactions. The developed nations are likely to gain huge profits from investing, especially in developing nations; as a result, the level of poverty is reduced in the developing nations.
Globalization is simply an international process which arises from interchanging of products, ideas, world views and many other aspects of culture. This process has an effect on the culture, on the environment, on the political system, on the prosperity and development of the economy and also on the well being in the societies around the whole world (Globalization101, 2012).
It cannot be described as a process neither with a beginning or a clear end. Furthermore, it cannot be applied with certainty to all individuals across all regions. Globalization involves integration of the economy, transfer of various policies and regulations across borders, knowledge transmission, cultural stability, relations, reproductions and power discourse.
This section is to justify the means in which the study was obtained and will help in giving it purpose and strength as it will then be truthful and analytical. All these will help in the processing of the data and the formulation of conclusions.
Specifically, this research will cover the following: the research design and method, the respondents or subjects to be studied (which will include the sampling method), the data collection instrument, and the data analysis.
Consumers are able to access an ever-growing basket of goods and services. Countries, companies and individuals are increasingly beginning to take into account what is happening across the world, rather than in only the country in which they are based. In short, globalization is affecting a vast section of the society, whether people realize it or not.
Economy is the sum total of the primary (agriculture & allied activities), secondary (manufacturing & allied activities like mining) and tertiary (services) activities of a nation, which determines its relative position in the comity of nations. Integration of the
One such negative element is increasing drug trafficking. The paper has discussed the impact of globalization on drug trafficking with respect to a Latin American country, Columbia along with main causes and potential solutions. The findings reveal that with
In addition, the study shall cover the four main dimensions of McDonaldization as described by Ritzer.
The study is very important in discussing the phenomenon of McDonaldization. Furthermore, the study shall highlight the dangers of other companies
12 Pages(3000 words)Research Paper
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