Globalization In A Globalised World

896 Words4 Pages
Introduction The term “Globalisation” is become one of the global phenomena in the today’s globalised worlds. Every countries in the world wants to open their economic for global worlds, they think that if they interact to global worlds they can address their internal problem as well as external problem like poverty, employment, social protection etc. because globalisation give the opportunity to country to enhance their economics status but to some extent it is true or benefited for some country and it is bad for some countries. In this paper I will tried to discuss how the idea of globalization emerge and its impact on developed and underdeveloped countries in regarding various theme of the global economy like world trade, internal capital…show more content…
For some it means globalisation is gradual integration of economics and societies which is driven by technologies, new economic relationship and the national policies of wide range of actors, including governments, international organisation, business, labour and civil society. For some it means increased international trade and technological advance. Other meaning of globalisation is that growing economic integration at international level based on the activities of Multinational Corporation. And these activities involve financial exchanges, evolving production strategies, marketing rights and responsibility across boundaries of the nation state. Robertson (1992: 8) says that globalisation is understood as process that transform heterogeneous world into a compressed but not homogeneous, at the same time it intensifies consciousness of the world as a whole. It says that globalisation is progressive and interdependence of market, peoples and their culture. Some other approach of the globalisation linked with modernity it means globalisation as ‘intensification of worldwide social relation which linked distant localities in such a way that local happening are shaped by events occurring miles away and vice…show more content…
Foreign direct investment means that someone who has operating business in other countries other than of the investor’s residence. Due to the globalisation the data for FDI in the period of 1985 to 2002 show that there is ten times incensement of FDI at current world level of FDI it increases US$ 58$ billion to US$ 633 billion during that time. The FDI also rose in from US$8.4 billion in 1980 to US$205 billion in 2001, and the developing country share of global FDI rose from 15 percent in 1980 to 22 per cent in
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