question (1) part -1- what is globalisation? Discuss the advantages and the disadvantages of globalisation? When we mention the word Globalisation what do we mean by it and what we understand? An early depiction of globalisation was penned by the American entrepreneur-turned-minister Charles Taze Russell who begat the term ’corporate giants’ in 1897‚ granted that it was not until the 1960s that the term started to be substantially utilized by economists and other social researchers. The term
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Key Driving Forces of Globalisation Developments in transportation and communication & Transnational Corporation (TNCs) Developments in Transport: Transport systems are the means by which people‚ materials and products are transferred from one place to another. With the increasing mobility of goods and people‚ it is important to have an efficient transport network worldwide‚ which includes airports‚ seaports‚ railways and highways to make it possible for goods to be moved around easily. As a result
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How Globalisation can help form a better future? In today’s modern world‚ globalisation has a huge impact in our everyday life. It affects every area of our life. Multinational companies setting up branches in our country. There is a higher chance today that we meet someone from a foreign country. Even most of the foods we eat today are not produced locally. These are just some of the effects due globalization. Globalisation increasingly integrates nations together. Countries are no longer separated
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Benefits and Problems Associated with Globalisation Globalisation brings both benefits and problems to different groups of both the developing and developed world. One benefit of globalisation is the evidence of consumer prices being reduced worldwide. This has a positive effect on the finance of people especially in developing countries‚ as more people are able to afford to buy both essential and non-essential products without denting their income. However for companies supplying these products
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Globalization gives individuals and states an economic stake in each other thus making political stability and cooperation more likely Several authors have sought to define globalization in a variety of ways with relative success as a definite definition would restrict its meaning (Al-Rodhan‚ 2006). Giddens defined globalization as the intensification of worldwide social relations that link distant localities in such a way that local happenings are shaped by events occurring many miles away and
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PESTLE A PESTLE analysis is a framework used to evaluate an organisations external macro-environment. 1When used‚ a business will analyse the multiple factors that are out of their control. By doing this a business can be aware and prepared for future changes. Political factors take into account the political situation of a country. Regulations put in place by governments will determine how a business has to operate‚ so a business will have to consider trade and labour laws‚ tax policies‚ environmental
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. Lyon describes how globalisation has increased the movements of ideas and beliefs across national boundaries. Due to the central role played by postmodern society by the media and information technology‚ which saturate us with images and messages from around the globe. These ideas have become disembedded‚ for example the electronic church and televangelism disembed religion from the real‚ local churches and relocated it on the internet allowing believers to express their faith without physically
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but easy. WHAT IS GLOBALIZATION Globalization is not a single concept that can be defined and encompassed within a set time frame‚ nor is it a process that can be defined clearly with a beginning and an end. Furthermore‚ it cannot be expounded upon with certainty and be applicable to all people and in all situations. Globalization involves economic integration; the transfer of policies across borders; the transmission of knowledge; cultural stability; the reproduction‚ relations‚ and discourses
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the global village. Globalization becomes a worldwide system because it integrate people across their national boarders making the world operate as a village and therefore making free movements of goods‚ capital and information. The term ’globalisation’ has been subjected to a variety of interpretations. Though it may simply mean global interconnectedness‚ it includes a number of interlinked and complex economic‚ technological‚ cultural‚ environmental and political processes. Impact of globalization
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These forces include religion‚ politics‚ and economics. Globalization can erode and universalize the characteristics of a local group.[3] Advances in transportation and telecommunications infrastructure‚ including the rise of the Internet‚ are major factors in globalization‚ generating further interdependence of economic and cultural activities.[4] Though several scholars place the origins of globalization in modern times‚ others trace its history long before the European age of discovery and voyages
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