Is Globalization A Beast Analysis

Globalisation:

Globalisation – a horrendous beast or helpful angel ? seen from: European perspective and developing countries

1.Definition of Globalisation:

What is globalisation?
So far there is no generally accepted definition of globalisation. But all in all globalisation is a worldwide movement, involving the integration of financial, communication and economic systems. It is often seen as an unstoppable process, affecting people all around the globe. No matter whether they live in big cities or rural villages, in industrialized or developing countries.

When did globalisation actually start?
Many experts argue about the exact time. They have worked out three main standpoints:
-The first position says that globalisation started with

Globalisation is leading to extensive changes in the global economy. Markets grow together and become larger. Every one can experience the results of globalisation, e.g. when travelling, buying goods which come from far away, and keeping in touch with business partners or families which are living far away with the help of new means of communication.

Spread area of globalisation?
Basically, the concept of globalization is currently used in a very broad sense. On the one hand, different dimensions are clearly differentiated, but, on the other hand, it is not possible to detach these from gloabalisation. The areas are linked and influence each other.
Globalisation covers the following areas:
Globalisation and its significance in society
Globalisation and its risks, significance and opportunities in the economy
Globalization within politics
Globalization in

For some people it is a blessing and for others it is a curse. In the following I refer to the changes in industry and commerce, especially in relation to the labour market. Developing countries have many new opportunities resulting from globalization. Their products can be sold around the world and there is an enormous cost advantage in the labour force.
The companies of the industrialized countries benefit from a large stock of capital, leading to higher return from the large global market opportunities. Companies make record profits while many people are unemployed.
Moreover, the transport costs of goods are becoming increasingly lower and with them their importance decreases in the decision for the production sites. In addition, the costs of modern, fast information and communication technologies have declined to a minimum, which allows the precise monitoring of production processes at any place in the world. Through globalisation the labour market is no longer limited nationally or regionally but globally. Therefore, the labour supply has increased enormously. There are more jobs and trade is easier and faster owing to the WTO. Moreover, new technology provides more mobility and so it is easier to work in another city or country. This factor is reinforced by open borders resulting in shorter travel