World Trade
ADVANTAGES AND DISADVANTAGES OF GLOBALIZATION IN CAMBODIA
INTRODUCTION
GLOBALIZATION
Globalization is the process of greater independence countries and their citizens. It is one of the processes of interaction and integration among the people, companies and governments of different countries. It is driven by international trade and investment and aided by information technology. These processes impact on the environment, culture, political systems, economic development and prosperity, and human physical well-being in societies around the world.
Globalization is not new. For thousands of years, people-and, later, the company has been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Similarly, for centuries, people and corporations have invested in enterprises in other countries. In fact, many features of the current wave of globalization are similar to those in existence before the outbreak of the First World War in 1914.
CAMBODIA
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Cambodia is located on the Indochina peninsula and bordered by Thailand and Laos to the North and Vietnam to the East and South. The gulf of Thailand is off the western coast. The capital of Cambodia is Pnomh Penh. Cambodia has a population of 13 million. The main religion practiced in Cambodia is Buddhism Thevarada. Besides, Islam (Cham population) and among the indigenous animistic religion is also practiced by the people of Cambodia. Khmer kingdom experienced its heyday in the Manners of the 11th to the 14th century before Cambodia became the successor. At that time, the Khmer successfully conquered all Indochina Peninsula. In 2005, the oil reserves of petroleum and natural gas has been discovered under the sea of Cambodia. Oil mining that started in 2009 is expected to revive Cambodia’s economy which is heavily dependent on tourism.
GLOBALIZATION IN CAMBODIA
Twenty
INTRODUCTION
GLOBALIZATION
Globalization is the process of greater independence countries and their citizens. It is one of the processes of interaction and integration among the people, companies and governments of different countries. It is driven by international trade and investment and aided by information technology. These processes impact on the environment, culture, political systems, economic development and prosperity, and human physical well-being in societies around the world.
Globalization is not new. For thousands of years, people-and, later, the company has been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Similarly, for centuries, people and corporations have invested in enterprises in other countries. In fact, many features of the current wave of globalization are similar to those in existence before the outbreak of the First World War in 1914.
CAMBODIA
[pic]
Cambodia is located on the Indochina peninsula and bordered by Thailand and Laos to the North and Vietnam to the East and South. The gulf of Thailand is off the western coast. The capital of Cambodia is Pnomh Penh. Cambodia has a population of 13 million. The main religion practiced in Cambodia is Buddhism Thevarada. Besides, Islam (Cham population) and among the indigenous animistic religion is also practiced by the people of Cambodia. Khmer kingdom experienced its heyday in the Manners of the 11th to the 14th century before Cambodia became the successor. At that time, the Khmer successfully conquered all Indochina Peninsula. In 2005, the oil reserves of petroleum and natural gas has been discovered under the sea of Cambodia. Oil mining that started in 2009 is expected to revive Cambodia’s economy which is heavily dependent on tourism.
GLOBALIZATION IN CAMBODIA
Twenty
References: Cambodia in a Globalized World (2011) [online] available from <http://khmercorner.wordpress.com/2011/03/26/13/> [10 September 2012] 10 Top Tourist Attractions in Cambodia (2010) [online] available from <http://www.touropia.com/tourist-attractions-in-cambodia/> [18 October 2012] The Effects of Globalization in Cambodia Essay (2012) [online] available from <http://www.antiessays.com/free-essays/281365.html> [10 September 2012] Annual Report on Tourism Statistic 2010 (2010) [online] available from <http://www.cambodiatourismindustry.gov.kh/khmer/images/stories/Portal2/All%20Statistics/Statistics_2010/Statistic_2010.pdf> [10 October 2012] Cambodia Has to Cope With its Global Connection (2012) [online] available from <http://yaleglobal.yale.edu/content/cambodia-has-cope-its-global-connection> [18 October 2012] Globalization (2012) [online] available from <http://en.wikipedia.org/wiki/Globalization> [10 September 2012]