Globalization is the process of international integration arising from the interchange of world views‚ products‚ ideas‚ and other aspects of culture.[1][2] Globalization describes the interplay across cultures of macro-social forces. These forces include religion‚ politics‚ and economics. Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac there and you can watch an American film in Rome. Today goods are made and sold
Premium United States Japan Developed country
The drivers of globalisation are those pressures or changes that have impelled both businesses and nations to adopt this approach. There are four different drivers: 1. Cost drivers These seek out an advantage to a business from the possible lowering of the cost of the service or production‚ and would include: gaining economies of scale from increasing the size of the business operation; the development and growth of technological innovation; lower labour and other resource costs in developing
Premium International trade Economics Globalization
SOCIAL STUDIES – SEMESTER 3 REVISION (GLOBALISATION IN EDUCATION) QUESTION FROM GROUP 5: -Describe the impact of globalisation on current education policies and programmes in Malaysia‚ Globalisation‚ an unseen force has affected tremendously nations around the world. It has affected many aspects namely economic‚ the society‚ communication technology and even education policies. In this case Malaysia is no free from the affects mainly on its education policies and programmes. As the year progresses
Premium Education Lingua franca English language
Explain what is meant by the term globalisation. Identify and analyse the key drivers of the process of globalisation over the last twenty years. During the mid 1990’s the International Monetary Fund has defined globalisation as: ‘The growing interdependence of countries world-wide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows‚ and also through the more rapid and widespread diffusion of technology’ (Turner
Premium Economics International trade Globalization
GLOBALISATION‚ FOR OR AGAINST? Globalisation is the main reason that we are all linked to the rest of the world. To argue for or against it‚ we first have to take the definition of globalisation. It means the way jobs; fashion‚ services‚ goods and information are flowing more easily around the globe. In my personal opinion‚ I am against globalisation. Globalisation has many drawbacks‚ which can be organised into economic‚ social and environmental fields. The main sources of globalisation are TNC’S
Premium Minimum wage Factory Employment
establish what globalisation is. Globalisation connotes the stretching and intensification of social‚ economic and political relations across continents (Held et all‚ 1999). Capital is the first actor which I am going to look at. In the early 1950s Ireland was a closed economy. However from the late 1950’s on it slowly began to open up. By the 1960’s 25% of national output was being exported (O’Toole‚ 2003)‚ which although still comparatively low it showed that the Irish economy was changing. The
Premium Globalization Republic of Ireland Economy of the Republic of Ireland
Indonesia is the largest economy of the South East Asian region. Previously considered a developing economy‚ Indonesia is now categorised an emerging economy due to its strong growth performance‚ prospects and shift from an agricultural based economy to a newly industrialised one. Despite it’s increasing economic growth rate of 6.2% in 2012‚ Indonesia still suffers from a relatively low level of economic development‚ as indicated by the HDI of 0.629 which is below 120 other economies. Mostly‚ this is a
Premium International trade Economics
Development and Globalisation Development A process of social and economic advancement in terms of the quality of human life. Development can involve can involve economic‚ demographic‚ social political and cultural changes. Development is a term that can be used in many different contexts whether it is social‚ economical‚ political etc. However generally development refers to an improvement in certain areas: • Economic o An increase in the country’s economy with a shift
Premium Human Development Index Poverty Developed country
THE SECOND SECESSION | Globalization may be described as the "second secession." Once more‚ business has escaped the household’s confinement‚ though this time the household left behind is the modern "imagined household‚" circumscribed and protected by the nation-state economic‚ military‚ cultural powers topped with political sovereignty. Once more‚ business has acquired an "extraterritorial territory‚" a space of its own‚ which it can roam‚ freely sweeping aside minor hurdles erected by weak locals
Premium Sovereignty Karl Marx Nation
Alan Greenspan has transformed his role from a dictator of Economic Advisors to a participative leader of the Federal Reserve. Integrity‚ transformational leadership‚ and CII Leadership style demonstrate his leadership. These factors among others helped him to achieve the role of being one of the most powerful men in America‚ Federal Reserve Chairman. In the process of becoming chairman‚ Greenspan has become one of the most influential leaders in the world. Traits that show this influence are
Premium Federal Reserve System Gold standard