ipl-logo

Pros And Cons Of Globalisation

1086 Words5 Pages

Arguments for Globalisation

Globalisation is a term that means that the local phenomena is transformed into a global one. Globalisation refers to different countries connecting together to link information and money. In addition to products and services produced in one part of the world are no readily available all over the world. This transformation has brought about positive and negative aspects to the world and the society we live in today. This paper will discuss the positive and negative aspects of globalisation. According to Simon, (2002) globalisation refers to an increase in global relationships related to culture, people and economic activities. Globalisation presents itself in a way that links itself to the distribution of goods …show more content…

In simple English, this basically means that what happens in one country will have a huge impact on what occurs in another country. It is like a trickledown effect on nearly all countries. Ghana is an example that will be presented in this paper. In Ghana today the WTO has allowed for free trade across borders. This has facilitated networking and has allowed organisations to share goods and services. In addition to the sharing of technology and economic cooperation across countries which has proved successful. This is because it has reduced rates of poverty and generated wealthier individuals and in developing countries. Another example of how globalisation has helped countries is China. It has proved extremely beneficial for the Chinese market and helped the growth of the market. The whole world is shocked with the rapid growth of china globally as it has played a vital role in this arena. According to Dauderstadt M， (2005), had confirmed that China had become a power house. Prior to this, China was against globalisation and in the past refused to communicate or cooperate with global companies due to government orders. Globalisation has certainly had a positive impact on the Chinese economy and today the Chinese live a very different life to the past. It is important to note that China is a developing country and …show more content…

References

Simon. J, (2002). What is globalization? Retrieved from the website: http://www.guardian.co.uk/world/2002/oct/31/globalization.simonjeffery 31-10-2002

Zha Peixin (2003). China and globalization. Retrieved from the website: http://www.chinese-embassy.org.uk/eng/dsjh/t27161.htm
10-10-2003

Dauderstadt, M. & Stetten, J. (2005). China and globalization. Germany: Gemeinschaft.
4. William, H. O. (2005). China and Globalization. United States: Rand

Solomon Akinboye(2008) Globalization And The Challenges For Nigeria’s Development In The 21st Century

UNCTAD/ITE/IPC/MISC14 REV1 (2003) Investment policy review Ghana: UNCTAD Nations New York Geneva

WTO (2001) Trade Policy Reviews: First Press Release, Secretariat and Government Summaries

Index Mundi (2012) Ghana Unemployment Rate: www. indexmundi.com, Ghana, economy accessed 15/02/2014

Peace fm (2009) Ghana Has Too Many Banks: www. Peaceonline.com accessed

Show More
Related

  • Columbian Exchange Dbq Essay

    311 Words  | 2 Pages

    One advantage from globalization is the idea of joint-stock companies. Joint-stock companies gave multiple people around the world the ability to own a company and make money off of it, even if the partial owners didn't live near the company (Document

    Read More

  • Dbq Essay Globalization

    1233 Words  | 5 Pages

    Globalization has benefited so many to a very far extent, but it has also hurt many other

    Read More

  • Dbq Essay On Globalization

    834 Words  | 4 Pages

    Globalization in the past 80 years has connected our world exceptionally well compared to the years before. Just under 80 years ago, when World War II ended, people saw an opportunity to grow together and learn from past mistakes. Globalization has brought the world together which has caused poverty rates to go down, work systems to become stronger leading to more accessibility, and overall life expectancy to increase. Globalization has forever changed the ways of the world and will continue to benefit people by bringing us together to become one substantial world. Globalization has benefited our world involving the decrease in poverty rates.

    Read More

  • Pros And Cons Of Gold Mining

    968 Words  | 4 Pages

    5. CONCLUSIONS AND RECOMMENDATIONS Conclusions From this study, we realize that Ghana has had a long standing history of gold production, dating back to the colonial era: The economy continues to be a dominant gold producer in Africa and the world. Further, gold production has contributed significantly towards the development of the economy of Ghana; providing the much needed foreign exchange earnings; as well as jobs and incomes for the citizenry. The librazilization of gold production in 1989 following the Economic Recovery Program (ERP) in 1983 allowed the operation of small scale gold mining. Small scale gold production has led to increase in gold production and export, however, liberalization, gold export and the existence of small scale

    Read More

  • Advantages Of Globalization In Ecuador

    922 Words  | 4 Pages

    Globalization in Ecuador The definition of Globalization according to “Business dictionary” means: The worldwide movement toward economic, financial, trade, and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately.” “Investopedia” define Globalization as “the tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby

    Read More

  • The Impact Of Globalization On Apple

    1025 Words  | 5 Pages

    Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The most common example of globalization might be Ebay or Amazon. Nowadays flows of goods and services are not only cheap and fast, but reliable and secure.

    Read More

  • The Impact Of Globalization In China

    1404 Words  | 6 Pages

    The process of globalization, and its impact on economic growth have become the defining influence on the development of modern China. China 's integration into the global economic system has been a multifaceted and complex process, and one that China appears exceptionally eager to embrace. Encompassing domestic policy shifts, engagement with both global and regional institutions, as well as bilateral agreements with various countries, globalization has been an impressively orchestrated process initiated by the very top of the CCP. While advocates of globalization tout the growth of China as proof of its merits, analyzing the actual effects on the ground reveals a much more nuanced reality. Globalization has undoubtedly brought China more wealth and power, but it has also generated a host of other effects, both positive and negative.

    Read More

  • How Does Globalization Affect Chinese Culture

    999 Words  | 4 Pages

    As Yu(2008) says, globalization represents a worldwide transformation of historical significance. Based on worldwide economic integration, globalization is characterized by intrinsic, inseparable, and intensified interrelations across the globe. Apparently, during the process of globalization, Chinese community has been affected on every aspect strongly nowadays. China also has developed a lot under the process of globalization, especially in economy, politics, culture, etc. Speaking of Chinese culture, China is a country with an ancient civilization and a long history, and culture has always been an outstanding feature of its national strength.(Cheng, 2008)

    Read More

  • Disadvantages Of Globalization In Russia

    904 Words  | 4 Pages

    The idea of “Globalisation” has successfully brought people and nations of the world together by the increased of non-territorial social activities, the growing speed of transportations and communications, and the rise of cross-border interconnections. Globalisation is everywhere, it is a combination of environment, culture, society, politics and economy. Economic globalisation is one of the most influential aspects to globalisation in this modern society, which introduces free trade, marketisation, liberalisation and the movement of labour. However, local and international may share different economic views, as to contrast this, two same news items on August 20th, 2014 covered by The Moscow Times (Reuters 2014) as local perspective and The Wall Street Journal (Hansergard 2014) as international perspective, are being used for the study. European markets are affected by the conflict between Russia and the West over Ukraine, especially the beer industries are now further suffering low consumer spending in Russia since last year restriction on beer.

    Read More

  • Pros And Cons Of Globalization And Technology

    2235 Words  | 9 Pages

    GLOBALIZATION, TECHNOLOGY AND LAW Globalization and Technology Globalization has completely transformed the way in which the world and its people interact. Earlier there were several roadblocks in the ability to communicate and interact with the people worldwide. But now, the world is becoming more and more globalized in all spheres: Business, financial, social, economical, etc. Over the years, a lot of technological advancements have come into picture including the changes in the field of Information Technology, having a significant impact on the global landscape.

    Read More

  • Wto And Globalization Essay

    1014 Words  | 5 Pages

    What can be defined by economic globalisation is the increasing economic integration and interdependence of national, regional and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital. Whereas globalisation is a broad of set of processes concerning multiple networks of economic, political and cultural interchange, contemporary economic globalisation is propelled by the rapid growing significance of information in all types of productive activities and by the developments in science and technology. Some theorist also defined Globalisation as a historical stage of accelerated expansion of market capitalism, like the one experienced in the 19th century with the

    Read More

  • Disadvantages Of Globalisation Essay

    956 Words  | 4 Pages

    MINI REPORT ARE THE BENEFITS OF GLOBALISATION GREATER THAN THE DRAWBACKS? In my perspective, globalisation is a practice by which the world is becoming progressively connected as a result of immensely increased trade and cross culture diversity. Globalisation enhances the use of outsourcing and offshoring products.

    Read More

  • Disadvantages Of Globalization In Developing Countries

    805 Words  | 4 Pages

    First of all, the most obvious advantage that the globalization brings about is that goods (such as car, laptop, smartphone, etc.) produced in one country can be sold in other countries .For the developed countries, now the can easily export their products and services to other countries to earn money. And for the developing countries, it can create opportunities of employment and reduce poverty, which is very good for the economy. The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country. And in return, the developing countries let the developed countries’ companies do business in their countries.

    Read More

  • Essay On Causes Of Globalisation

    2111 Words  | 9 Pages

    Introduction Globalisation is the process that brings together the complaints nations of the world under a unique global village that takes different social & economic cultures in to consideration. First this essay will analyse globalisation in a broader term, second the history and foundation of globalisation that were intended to address poverty and inequality, third the causes that lead to globalisation and the impact that globalisation has on the world’s economy. The participation in the global economy was to solve economic problem such as poverty and inequality between the developed and developing nations. What is Globalisation?

    Read More

  • Reflection On Globalization

    731 Words  | 3 Pages

    The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

    Read More

More about Pros And Cons Of Globalisation

Open Document