“ASEAN on its way to becoming EU as a regional bloc” Countries‚ usually the neighboring ones and those of which are in the same region‚ belong to a bloc. They organize or join these blocs because they have the same aims‚ purposes‚ and interests‚ may it be for economic or political reasons. Participating states are united by a treaty or agreement for mutual support or joint action. Our world has a handful of blocs‚ but two of the most talked about is the European Union‚ better known as EU‚ and
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DEFINING GLOBALIZATION Values can play a role in defining globalization. A definition of globalization as "Americanization" or‚ perhaps‚ the "McDonaldization‚" of the world presents globalization as a process driven by American consumer culture that rolls over other cultures. On the other hand‚ another definition of globalization would highlight its cross-cultural impact‚ taking into account the nature of globalization as a way cultures interact and learn from each other. Globalization101.org
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LECTURE 4 Globalization‚ trade and rural development 1 1. Globalization & the transformation of food systems Globalization Rapid growth of world trade‚ Internationalization of production by multinational corporations and Declining information & communications costs due to progress in technology 2 Advance of retail chains: top 10 world 2007 3 Nestlé global Drinks‚ ice cream‚ baby food‚ bottled water‚ breakfast cereals‚ coffee‚ chocolate‚ culinary‚ dairy 2010
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Benefits of Blocs In general‚ the benefits of establishing trading blocs are to remove trade and investment barriers within trade blocs. It will also increase interdependency of neighboring countries on one another; encouraging trade within two countries or more. COMESA‚ which abbreviates Common Market for Eastern and Southern Africa‚ offers very extensive benefits and advantages for its member States as well as the business community. Because of its focus on full private sector participation in
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Bloc Québécois Platform: If the Bloc Quebecois were elected‚ this is what they would do: 1. The primary goal of the Bloc Quebecois is an independent Quebec. 2. The Bloc Quebecois intend to create an independent health care system‚ run by Quebec. They promise to maintain universal health care. 3. The majority of Bloc Quebecois MPs are in favors of allowing same-sex couples to marry. The Bloc Quebecois have promised to allow a free vote in Parliament on the issue. 4. The Bloc Quebecois has suggested
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The aim of this work is discuss Nigeria’s regional economic bloc (ECOWAS)‚ the implications of this Economic Bloc to International Business and its advantages and disadvantages to Nigeria. Introduction: Nigeria is a country located in West Africa; it has a population of about 160‚027‚000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key
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Threats: Friedman described this globalization system as a characteristic of integration. One of the threats seen in Friedman’s writings is of international power of markets‚ finance‚ technology‚ and communications. Who exactly is in control and has the ability to control financial markets‚ trade‚ network infrastructure‚ satellite systems‚ and more. When you think of this type of threat‚ Friedman refers to three balances of power globalization is built around… balance of power between states
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Declining of trade union after globalization 1. The era of globalization saw the decline in union membership and consequently diminishing union influence in most parts of the world. 2. Trade unions all over the world are under attack by the very forces‚ drivers and consequences of globalization. 3. Increasing global economic competition and capital mobility‚ rise of cross-border production networks combined with outsourcing‚ neoliberal economic policies‚ rapid pace in technological innovation
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Why richer are getting richer and poorer are getting poorer? Globalization is taken as facilitator of international trade and economic growth. There might be various parameters for the measurement of the connection between globalization‚ international trade and economic growth that is derived from the mobility of investment‚ human capital to communication and transportation that fosters interdependency and other forms of economically beneficial and social relationship between countries. In economy
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INTRODUCTION : A regional trading bloc is a group of countries within a geographical region that protect themselves from imports from non-members. Trading blocs are a form of economic integration‚ and increasingly shape the pattern of world trade. In general terms‚ regional trade blocks are associations of nations at a governmental level to promote trade within the block and defend its members against global competition. Defense against global competition is obtained through established
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