GrossWorldProduct(GWP):the sum oftotal output of goods and services by all economics in the worldover a period oftime. In the industrialisedworld the value ofwhat many countries buy and sellfrom overseas is greaterthan half ofthe country’s economic output GLOBALISATION Globalisation:the process ofincreased integration between different countries and economies and the increased impactofinternational influences on all aspects oflife and economic activity. Involves layers ofinfluences in all directions
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THE EFFECT OF GLOBALISATION ON THE DEVELOPMENT OF UNDERDEVELOPED1 ECONOMIES By MUSA JEGA IBRAHIM The existing wide disparities between the developed and the underdeveloped economies makes globalisation a tool for stultifying the industrialisation process‚ and by extension‚ retarding the growth and development of underdeveloped economies. Trade liberalisation‚ the cardinal instrument of globalisation ensures that industrialised countries have access to world markets‚ which enhances further
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1. What dangers do you see from increasing globalisation in a world economy? Globalisation refers to the integration and interdependence of the world economy and can be seen by the fact that communications‚ media and business spans the world‚ not just one given economy or even type of economy. Boyes (2011‚ p.6) reports that there are now close to 40‚000 transnationals companies‚ and increase of 300% on just 25 years ago‚ and that these companies make up approximately 33% of all private-sector
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COMMENTS THE TRANSNATIONAL APPLICATION OF SEXUAL HARASSMENT LAWS: A CULTURAL BARRIER IN JAPAN JACQUELINE M. EFRON* 1. INTRODUCTION Globalization is shaping the world in which we live.’ Although globalization began as an economic process‚ it has turned into a cultural‚ political‚ technological‚ environmental‚ and humanistic event.2 Globalization has forced corporations to expand their operations across geographical borders‚’ and has resulted in an increase in the number of multinational
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Reflections on Globalization and its impact On the Law of International Business By: Tesfay Kumenit‚ Faculty of Law‚ University of Gondar‚ Ethiopia‚ 2008 The term globalization did not become popular until the 20th century. Then onwards‚ it has become a typical issue understood to affect the whole socio-economic and political life of states throughout the world. Besides‚ the discourse on globalization is complex with far-reaching effects on national and international laws and policies pertaining
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Globalisation: A Study of Traditional Communities in Change It has been argued that social changes in the contemporary world have resulted in local communities not being sustainable in its traditional form. Globalization has been a leading component of this social change that has accelerated in recent times. Hawkins (2006) has defined globalisation as a process by which the world’s societies and cultures are becoming increasingly interconnected and interdependent. Whilst this process has helped
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The impact of globalisation on logistic service providers (LSP’s) located in Belgium. In the light of the logistics industry we will start with a definition of globalisation and a description of the driving forces behind the ongoing internationalisation process. Secondly we will define the behaviour of the logistic providers in terms of their strategic decisions‚ performance‚ services and international presence following this globalisation wave. An increasing amount of supply chain activities
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‘Globalization and Policy Convergence’. International Studies Association‚ pp 5. Grande‚ E. (2002) ‘Od nacionalne države do transnacionalnoga režima politike-državna upravljačka sposobnost u globalizacijskome razdoblju’. 6. Fulcher‚ J. (2000) ‘Globalisation‚ the nation-state and global society’. The sociological review‚ str 7. Greve‚ B. (2006) The future of the Welfare State:European and Global perspectives. Aldershot:Ashgate. 8. Habermas‚ J. (2001) ‘Evropska nacionalna država pod pritiskom globalizacije’
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Date: 10/09/12 Hyper-globalisation and its Political Relevance This essay will determine what hyper-globalisation really is and how it should be best received. It will also look closely at the broader meaning of globalisation‚ how it is driven and how it is influenced. Hyper-globalisation promotes the modern concept of global integration and its rapid progression. Globalisation is an inevitable process which can be identified by many forms such as NATO‚ fundamentally enhanced technologies and capitalism
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Advocates of globalisation say that globalisation brings the first real chance of prosperity to the impoverished corners of the world. Opponents say globalisation is the cause of growing poverty and inequality on the planet. Those in the middle see how unbridled globalisation could wreak havoc on some while simultaneously opening the doors of opportunity to others. But what actually is globalisation? What is globalisation? The term globalisation was originally started in the 1960’s to describe
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