Nobody downloaded yet

Globalisation - Essay Example

Comments (0) Cite this document
Summary
In descriptive way, it is used to mean the ‘process of integration into the world economy’ and in its prescriptive way, it is used to mean ‘strategy of development based on rapid integration…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
Globalisation
Read TextPreview

Extract of sample
"Globalisation"

Download file to see previous pages This would require that the nations concerned should open their markets for international trade, international investment, international finance and labour movements – a process which would result in interdependency and lead to integration of the economies of the concerned countries with attendant benefits to all.
From an individual country or a business point of view, globalisation is also a matter of strategy in the overall process described above. This strategy is best defined as the attempt to reap the highest benefits from out of the natural endowments of a country / business – be it in terms of raw materials, technology, skilled manpower etc. and reach the world markets with greater competitiveness. Viewed from this perspective, the term globalisation defines both a threat and an opportunity; a threat if a dominant economy or a business house commands the world markets, and an opportunity when even a small player can look at the entire world as his potential market to exploit.
the term. Deepak Nayyar puts it best in his words: “It is, in part, an integration of markets (for goods, services, technology, financial assets and even money) on the demand side, and, in part, an integration of production (horizontal and vertical) on the supply side (Nayyar, 2006).
International trade had been taking place for nearly a thousand years both on the land and sea routes. The items of exchange were mainly spices, silks and precious stones; in other words, only a limited number of highly valued exotic items. This trade was being conducted by individual traders.
international trade - exchanging finished manufactured goods for raw materials, although Great Britain as the supreme imperial power, controlled the raw materials prices from its colonies as well as the prices of finished goods sold in its colonies. Further, to supplement its work force, it deployed substantial number of indentured labourers from the Indian subcontinent to places like the South ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Globalisation Essay Example | Topics and Well Written Essays - 1000 words - 3”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1543753-globalisation
(Globalisation Essay Example | Topics and Well Written Essays - 1000 Words - 3)
https://studentshare.org/miscellaneous/1543753-globalisation.
“Globalisation Essay Example | Topics and Well Written Essays - 1000 Words - 3”, n.d. https://studentshare.org/miscellaneous/1543753-globalisation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Globalisation
...? Globalisation Globalisation As the suggests, globalisation refers to strengthening relationship between organisations, governments and individuals across geographical horizons. The term is generally used to regard economic globalisation. Economic globalisation can be explained as: increasing economic activities across the globe, through distribution of products or services by reducing international trade barriers. International trade barriers are placed by countries for various reasons. Some strong reasons could be to stipulate the use of local products, not compromising taxes, fear of rise in un-employments, pressure in maintaining budgets and dilution...
11 Pages(2750 words)Essay
Globalisation
...? Globalisation Introduction Globalisation contributes to an influential degree of convergence in both business practice and markets. The research delves on describing globalisation. The research delves on effects of the globalisation factors on the stakeholders. Implementing effective marketing strategies in the globalization environment reduces risk management issues. Search: Globalisation convergence business market risk. Globalisation reduces revenue risks Globalisation has leveled the playing field, in terms of generating revenues. Globalisation ushered the unavoidable priority to comply with market...
12 Pages(3000 words)Coursework
Globalisation
...?Globalization Introduction Globalization is the process of assimilation of the world economy; it is the process of increasing communications among the people of different countries and different nations’ governments. Globalization is the name of progressing interdependence among the markets of different countries and multinational companies. The word evolved from a four hundred years old word ‘Global’. However, the use of the words like globalization started not before 1960s and it gained its importance approximately from the mid eighties. The national systems became interdependent by means of trade relations, alliances formed by the Defence sectors of different countries and through the imperialism of culture of different... Introduction...
6 Pages(1500 words)Essay
Globalisation
...?Introduction The concept of functionalism is used to describe the way in which societies function and change over time, specifically with the development of social and cultural institutions. The concept of functionalism is important in creating an understanding not only of the basic elements of society for belief systems or survival. More important, there is a complete understanding of the social order through the use of functionalism. The attributes within society, such as purposes of groups and overall trends within a society can be explained with the theory of functionalism. However, there is also the understanding that, while it tries to explain the complete social order, it is also based on the majority population... The concept of...
7 Pages(1750 words)Essay
Globalisation
...? (Assignment) Globalisation: Strength and Weaknesses Introduction Globalisation refers to a process by which national economies and cultures are integrated into an international economy so as to enhance international trade, direct foreign investment, migration, and technology sharing. This process facilitates effective circulation of ideas, languages, and cultural ideologies. Nations today tend to liberalise cross-border trade regulations as they realised the significance of increased cross-border trade for international business expansion. The World War I & II were the central points that proposed the idea of globalisation. The World Wars adversely affected national economies. On the...
4 Pages(1000 words)Essay
Globalisation
...? GLOBALISATION: CONCEPT AND FEATURES Introduction The first application of the term globalisation was on world economy with Columbus and da Gama’s so-called circumnavigation of the world in the fifteenth century. Globalisation emerged and evolved when man started to view the world as a big manufacturing plant of products. Products of whatever kind and products that threatened world extinction began to dominate man’s quest for progress and development. That is materialism at its worst, or at its best. Recent authors and commentators assert that globalisation began at the end of the Cold War which was in the period 1989-1991. The Cold War was characterised by the two-block...
8 Pages(2000 words)Essay
Globalisation
..., "The Cultural Roots of Ethical Conflicts in Global Business", Journal Of Business Ethics, Vol. 116, No. 4, Pp. 689-701. Stephen, M 2011, "Globalisation and Resistance: Struggles Over Common Sense in the Global Political Economy", Review Of International Studies, Vol. 37, No. 1, Pp. 209-228. Tausch, A 2011, "Is Globalization a Driver Of Economic Growth And Social Development?” Society and Economy, Vol. 33, No. 3, Pp. 505-524. Ukrit, A., Arunotai & Doungchan, P 2011, "The Dynamics and Protection of Local Culture Under Globalization On Lanta Island In Southern Thailand", Journal Of Business Case Studies, Vol. 7, No. 5, Pp. 23-27. Meerhaeghe, M 2012, "Globalisation: Concept, Outcome, Future--A Continental...
6 Pages(1500 words)Literature review
Globalisation
...Critically analyse United s of America's experience of globalisation. Go back to at least 1975 and employ a range of economic theories to analyse the country. Since the Industrial Revolution that helped to develop the economies of the West, first on the back of imperial expansion which colonised the rest of the globe including most of Asia, Africa and Latin America, and later in the form of less than equal trade with countries emerging from the colonial yoke, globalisation has been as inevitable a phenomenon as life and death. The failure of the command economies of the East (Russia and China), now replaced by what appear to be Western liberal capitalistic 'free market' economies, has contributed to...
12 Pages(3000 words)Essay
Globalisation
...Introduction – definition of globalization Globalization according to Frankel (2006) means integration through international trade of markets in goods and services, financial integration through international trade in assets, foreign direct investment, international outsourcing of services and international movement of people. Economic globalization is one of the most powerful sources to have shaped the post-war world and the two major drivers behind globalization are reduced costs in transport and communication in the private sector and reduced policy barriers to trade and investment on the part of the public sector. Lee & Tai (2006) too agree that liberal trade policies, incentives, growing foreign direct investment (FDI... – definition of...
6 Pages(1500 words)Essay
Globalisation:
...GLOBALIZATION AND INEQUALITY Introduction The paper will seek to determine whether the increased social and economic inequalities can be attributed to globalization. While globalization has enhanced economic development in many counties, inequality remains a major social phenomenon. The paper will seek to address these inequalities and indicate whether they are caused by globalization. The position of the paper is that despite the discontents of globalization such as unfavourable competition between the local and international firms, there is no direct link with inequality. Statistics from the International Monetary Fund (IMF) indicates that through globalization, GDP of many countries has been on the increase. Globalization has... AND...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Globalisation for FREE!
Contact Us