GLOBALISATION AND LIFE INSURANCE Dr. H. Sadhak Director‚ Management Development Center Life Insurance Corporation of India A. Globalisation & Liberalisation Globalisation‚ according to Penguin Dictionary of Economics‚ “Stresses the geographical dispersion of industrial and service activities (for example research and development‚ sourcing of inputs‚ production‚ distribution) and the cross boarder networking of companies (for example through joint ventures and the sharing of assets”. According
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Main reasons that have caused globalisation 1. Improved transport‚ making global travel easier. For example‚ there has been a rapid growth in air-travel‚ enabling greater movement of people and goods across the globe. 2. Containerisation. From 1970‚ there was a rapid adoption of the steel transport container. This reduced the costs of inter-modal transport making trade cheaper and more efficient. 3. Improved technology which makes it easier to communicate and share information around the world.
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What Is Meant by Appropriate Technology:: Appropriate technology was created as a way of enhancing national independence by encouraging people to use local substitutes rather than imported resources‚ and is aimed at improving technologies that already exist in the Third World. By making small adjustments to existing technologies the developing countries only has to create variations of technologies they are familiar with. This ensures that developing countries work within their capabilities. Appropriate
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ideas between different countries around the world (Dickerson & Flanagan‚ 2006). In their article‚ “The Globalization Backlash‚” Micklethwait and Wooldridge (2001) addresses many of the concerns with globalization. They present their approval for this phenomenon by rejecting various arguments against it‚ stating that‚ in general‚ globalization is beneficial for everyone. This paper‚ on the other hand‚ will argue that as we become globally interconnected‚ developed countries‚ with the help of international
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Globalisation in Ecuador Introduction Globalisation is “the process enabling financial and investment markets to operate internationally‚ largely as a result of deregulation and improved communications". In other words. It is the process of increasing the connectivity of the world’s markets and businesses. In the last two decades this process has had a huge impact around the world. For example‚ as technology advances make it easier for people around the word to travel‚ communicate and do businesses
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in the process of globalization‚ resources of different countries are used for producing goods and services they are able to do most efficiently. People are able to get a much wider variety of products to choose from and the competitive price allows them to get it at cheaper prices. Also companies are able to procure input goods and services required at most competitive prices. It promotes understanding and goodwill among different countries. Businesses and investors get much wider opportunities for
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11. What kind of government does your country have? How democratic is your country’s government? Does it have a rightist or leftist government? A unitary state‚ a Presidential system and a republic.Nicaragua is a presidential representative democratic republic‚ in which the President of Nicaragua is both head of state and head of government‚ and there is a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and the National Assembly
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what is meant by a ‘demographic transition’‚ and examine whether such a transition might have benefits for economic growth in developing countries. The demographic transition model refers to the transition from high birth and death rates to low birth and death rates as a country develops
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Does globalisation pose a threat to cultural diversity? Globalisation poses a threat to cultural diversity because it is the cause of widespread cultural homogenisation. I will focus on Helena Norberg-Hodge’s 1991 book‚ in which she describes the recent cultural changes within a particular Indian community. In examining this text‚ I hope to show that globalisation truly does pose a threat to cultural diversity. In this essay‚ globalisation will be used as an umbrella term to describe the increased
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IMPACT OF GLOBALISATION Here is more and more agreement on the fact that globalisation is an extremely complex phenomenon; it is the interactive co-evolution of multiple technological‚ cultural‚ economic‚ institutional‚ social and environmental trends at all conceivable spatiotemporal scales. Hence‚ Rennen and Martens [6] define contemporary globalisation as an intensification of cross-national cultural‚ economic‚ political‚ social and technological interactions that lead to the establishment of
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