Impact Of Globalisation

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Over the years, globalisation has started to have a massive impact on countries, industries and business that trade globally. The sudden change that Globalisation has affected the world and it is changing how countries do business, how technology is seen and different social lifestyles. Globalisation was first employed in the Oxford dictionary in the 1930s, at the time the world was commonly used by Economists and social scientists. The word is now used more commonly and now we have people who even disagree or agree with globalisation and how it affects the world. In this essay, I will be aiming to discuss the impact of globalisation, by illustrating examples how this concept has an effect on china. In addition, I will start by explaining the meaning of globalisation by critically disusing the impacts that globalisation has on China. Globalisation has many meanings to its name; different people would have different thoughts on what it means. ‘Globalisation the processes by which it is argued that world economy has become more integrated. Globalisation can be seen as an increase in flows across national boundaries. These include not only economic flow of trades and investments in the form multinational companies and international finance but also the transmission and mixing of cultural influences, migration and increase communication. (Wetherly & Otter,2011:260) Another example of the definition states that ‘We can speak of the globalisation of the entire world, a single

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