Economic Perspective Of Globalization

Economic Perspective
Globalisation is explained in several perspectives for this research – Economic, Social and so on. In terms of Economic Perspective, Anderton (2008) stated that the globalisation brings financial opportunities to have an equal treatment of economic welfare to everyone in the world. Alain Anderton (2008, p.602) provides the most frequent economic discussion in terms of globalisation. This can be related to the research questions of the research and help to develop the questions further. He provides two main economical questions. Questions are ‘How does globalisation have effects on the global market?’ and ‘How does the globalisation benefits or costs from the economic perspective?’. Moreover, he pointed out that there are

Tom G. Palmer (2004) briefly mentions about how the globalisation has effects on consumer choice. There are three typical negative consequences of globalisation, which leads uniformity of cultures’ values: Homogenised goods and services, Consumers’ diverse wants and uniformed consumer choice. These three things all effect on destruction of culture’s value through standardisation. Through this literature, the research questionnaire can be developed with three social effects of globalisation.
Technological Perspective
From the technological perspective, Florence Jaumotte, Subir Lall and Chris Papageorgiou (2008, pp. 8~9) asserts there is ‘Skills Gap’ between advanced countries and the Third world. ‘Skills Gap’ widen gap between advanced technology countries and the Third world which does not have enough basements or sources to apply advanced technology, for example, the internet. This is a technological view point of globalisation. This can be a supporting idea for the research.
Political

Peter Newell (2002, pp, 15~24) pointed out political institutions such as World Trade Organisation (WTO) should slow down the rapid growth of the globalisation. This idea can be used in discussion part as a political suggestion for costs of globalisation. Moreover, Suzanne Berger (2000, pp.43~46) asserts transnational corporations have whole control of the world market. This is caused by globalisation. Lowered barriers enable multinational companies to control developing countries. This concept can be used to give readers the background knowledge of globalisation as how multinational companies utilise the information technology such as internet to lower the barriers between developed countries and developing countries. Margit Molnar, Nigel Pain and Daria Taglioni (2007, p.2) defined what the multinational company is. According to their journal, Transnational Corporations (TNCs) are the major players to promote globalisation and these have relevant points with every point of views such as advantage or disadvantage of