How exposed is your country to globalization? What have been the political‚ economical‚ technological‚ social‚ environmental‚ or other impacts of the globalization trend on your country? They can be negative or positive impacts. Globalization is an ongoing process which interconnects economies‚ societies and cultures‚ where communication and information technology is developed and applied along with agreements from nations to facilitate all kind of exchanges‚ especially economic. This would imply
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macro picture. A sectoral analysis sheds more light on the possible damage to different industries. "Terrorism’s economic impact has normally been short lived‚" says a report titled‚ Economic Impact of Terrorism‚ by securities firm Anand Rathi Financial Services. "The immediate impact of terrorism is the loss of life‚ destruction of property and loss of man-days. Terrorist acts also cause uncertainty‚ which impacts economic activity. Tourism is one of the first areas to be hit‚ with hospitality and
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Does Economic Globalization Give Positive Impact to Both Developing and Developed Countries? Globalization‚ a very recently used term in the international society. The term globalization means to merge with the international society in lots of aspects such as in culture‚ ideology‚ politics‚ and trade. Amongst these aspects which builds up globalization‚ global trade had grown in the human history even before the age of colonialsm. As an example‚ the italian nation had a very prospering economy
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the degree of globalization is being strengthened in the present-day world‚ the issue of globalization has been a highly controversial topic‚ stimulating extensive attention among the economists and commentators. It is widely agreed that globalization produces widespread and profound impact on every field of the whole world‚ especially on the aspects of society‚ economy‚ politics and culture. However‚ there is a growing difference of opinion on whether the effects of globalization are beneficial
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Terrorism has been widely known to all of the world for many years. "It exists as a means of making a government or group aware of certain needs that they must change something by creating fear and destruction". But why do people have to resort to violent acts such as: bombing‚ assassinations‚ and hi-jacking? How do and how can individuals and organizations justify these acts of terror? During the last few years‚ many groups of terrorists have formed all over the world and it’s becoming an international
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Globalization can be described in a number of different ways; it can describe the empowerment of decision making of dominant nations at the expense of less powerful nations‚ it can be defined as a force for economic growth prosperity and democratic freedom; but most notably it’s the integration of economic‚ political‚ and cultural systems across the globe. Globalization involves the movement of people‚ goods‚ ideas and information throughout the world. It is known to be the intensification of worldwide
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Rapid technological change has shaped the world we live in today. Far from having a positive influence‚ living in a hi-tech world dependent on computers and mobile devices has distanced us from what is really important in life. How far do you agree? The technological breakthrough we have experienced in the recent years‚ has dramatically altered the way we live. But some people claim that the downsides of living dependently on hi-tech devices far outweigh the upsides of it; because‚ it is a
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Effects of poverty on a nation Poverty which can lead to complex effects on many fronts is becoming a focal point of social issues. Even though the global economy is developing faster and better‚ poverty is still a significant issue concerned by many people because it’s still an unsolved worldwide problem that can result in a series of effects on social‚ political‚ and cultural fronts. Basically‚ poverty is a stumbling block to a country’s economic growth. It can result in high unemployment rate
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ECONOMIC COST OF TERRORISM: A CASE STUDY OF PAKISTAN Arshad Ali * The world is currently confronting terrorism in different manifestations. After the 9/11 terrorist events‚ the phenomenon of terrorism has abruptly changed the socioeconomic and geopolitical situation of the world. Terrorist groups have linkages with each other and are utilising each other‟s areas for recruitment and training‚ exchanging illegal weapons‚ engaging in joint planning and ventures‚ and also providing administrative and
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Globalization(or globalization) describes the process by which regional economies‚ societies‚ and cultures have become integrated through a global network of political ideas through communication‚ transportation‚ and trade. The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade‚ foreign direct investment‚ capital flows‚ migration‚ the spread of technology‚ and military presence.However‚ globalization
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