“Globalisation has been a blessing for Singapore’s development.” The world we live in today is characterised by globalised markets and a merciless pace of change. Powered by relentless technological advances‚ the forces of globalization have undoubtedly driven the ever-accelerating expansion in economic activity and capital flows‚ even opening previously closed sectors and countries. The economies of countries are becoming increasingly integrated with one another. Indeed‚ living in today’s
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NB: when discussing globalisation some sources discuss remote events such as setting up of East India Company. As term ‘developing countries’ is used students should focus on modern post-colonial era – probably shouldn’t go further back than 1960s |Advantages |Disadvantages | |Multinational companies (MNCs) have more opportunities for Foreign |MNCs tend to use cheap labour – many jobs
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Gains from Globalisation Globalisation can lead to improvements in efficiency and gains in economic welfare. Trade enhances the division of labour as countries specialise in areas of comparative advantage Deeper relationships between markets across borders enable and encourage producers and consumers to reap the benefits of economies of scale Competitive markets reduce monopoly profits and incentivize businesses to seek cost-reducing innovations and improvements in what they sell Gains
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GLOBALISATION AND ITS IMPACT ON THE STATE Spring 2005 Mondays‚ 8.10 p.m. to 9.50 p.m. Prof. Ahmad Kamal‚ former Ambassador of Pakistan OVERVIEW This course will examine the critical and rapidly changing role of the state at the beginning of a new millennium as a result of internal and external factors‚ paying special attention to the state as a central player in ensuring the provision of public services‚ as well as facing the new challenges emerging around the world. It will enable students to: •
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consumers to gather information on new products and places. Hence‚ it is a significant driving force of globalization. Secondly‚ improvements in transportation have shrunk the world considerably in terms of time taken to travel from on place to another. Containerisation has reduced the time and money taken to move goods over long distances. It has greatly simplified the transferring of goods from one mode of transportation to another as containers can be easily transferred from ships to trucks.
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Globalization refers to the shift toward a more integrated and interdependent world economy Slide 5: INCREASING LEVELS OF GLOBALISATION IN HOTEL INDUSTRY As international trade and business expanding‚ so there is no question that international linkage will become more important for the hotel industry. In the early stages‚ most hotels have received foreign guests at one time or another. Then‚ as the industry evolved‚ and with the development of technology and transportation systems‚ the industry’s
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Supporting Local Food: Opposition to Globalization or Capitalism? Key Words: Localization‚ Scale‚ Embeddedness Supporting Local Food: Opposition to Globalization or Capitalism? - 2 Introduction The local food movement is an expression of resistance to industrial capitalist agriculture but is often confused seen as an appropriate method of resisting globalization as well. There are a variety of values often merged within the idea of local that are not necessarily the product‚ goal or benefits
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COMPETITION ON TQM You cannot manage what you cannot measure. This is very true in today’s dynamic & competitive globalize environment. The business leaders face immense pressure in today’s turbulent competitive environment that’s move forward by globalisation‚ macro-environment factors and advanced technological growth of internet. The strong market forces within this competitive environment have developed global customers who are more aware of changes in the global market. Total quality management
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The following is a critique of the article “Good Times‚ Bad Times: Memories of The Third Reich” by Ulrich Herbert. In this critique‚ I will explore the themes of the article‚ discuss the main arguments‚ and address the significance of the author’s insight to the world of Nazi Germany. Ulrich Herbert’s “Good Times‚ Bad Times” is about the contrast between the ways typical working Germans perceived the years before and during Hitler’s appointment as Chancellor‚ his rise to dictator‚ and during and
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Charles’s law In this experiment you will be determining the specific heat capacity of oil using an electrical method. You will need to ensure that your write up contains the following: • Clear method (bullet points are ok) and labelled diagram include what is to be repeated and averaged. • State independent/dependent and control variable(s) • State what is to be varied and how (include range and intervals)? • What is to be measured and what with? • Risk assessment • How is the data going
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