In the period after World War II, the worldwide integration of finance and labor markedly increased, resulting in an expansion of global capitalism. For this reason, it became more common for job-seekers to move where their skills were required and where the conditions seemed most promising. Additionally, developments in technology and electronic communications have led to a lower “distance tariff”, meaning that they have compressed time and space, especially through airplanes, telephones and the Internet (23). As a consequence, travelling, trading and communicating have become cheaper, making it less difficult to maintain social, economic and political ties over large geographical distances. In summary, contemporary globalization, facilitated
Poverty can mean different things But there is a difference between poverty and extreme poverty. But UN:s definition of poverty is to try to survive on less than 2 dollars a day, UN:s definition of extreme poverty is to try to survive on less than 1.25 dollars a day. POVERTY IN THE US The number of poor in the United States rose slightly last year, to 46.5 million from 46.2 million in 2011. The proportion of those living below the poverty line, however, was unchanged at 15 percent of the population, according to new statistics. The figures show that the economic recovery which led to stock market rally has not yet found its way to ordinary wage earners.
The Milken Institute’s Globalization of the World Economy reports that even if there are many benefits regarding the globalization, there are still several risks which should not be underestimated by investors or governments. Nevertheless it is important to mention that especially the net benefit for many countries increases due to the globalization. Therefore governments, individuals and nations should embrace this movement. 2.1 Economic
Nevertheless, they were agreed to admit that their immigration system were outdated. At this point, society can consider that time and immigration is linked. The second issue with immigration is segregation and discrimination. Indeed, since a long time politicians tried to avoid segregation in their countries but that still persist and often create forms of discrimination. Nonetheless, today many people with different origin composed society, and that provided a cultural
1.1. Background Over the last decades, the increasing globalization of the manufacturing and distribution companies have driven significant changes regarding their business environments. Being one of the main drives behind these changes, globalization leads to a more affordable international market but also to a dramatically change in the competition situation between emerging and developed nations as well as between companies (Moavenzadeh et al, 2012). Jeffery (2002), made an approach regarding the meaning of it, saying that ‘’Globalization can be seen as a positive, negative or even marginal process’’. He further states that despite the fact if it works for good or not, its exact meaning will continue be the subject between those who oppose,
Also in 2010 the value of bilateral trade between the two countries was 10 times what it was in 2000 that is the value of trade in 2010 was 17.7 million US dollars meaning that the trade value in 2000 was below 7 million US dollars as revealed by findings (Rothberg Robert 2008 P: 274). Furthermore, China mostly imports oil and gas products from Nigeria and Chinese exports to Nigeria comprise numerous manufactured goods, electronics, and machineries amongst other. For example, within a period of 10 years as above, China's exports expressed as a percentage of the total bilateral trade was up to 20%. Nigeria and China
Increased inequality Increased inequality means that the existing of income inconsistency between countries across the world. According to King & King (2005:199), globalization might not help in generating more wealth in developed countries, hence the gap between world’s richest and poorest countries still exist as today’s. On the other side, even the developing countries are directly concerned in globalization, their main decisions are still normally left out. As the developed countries are able to influence the economic and social policies in developing countries, hence, they have greater wager in affecting the world economy. 2.
With no doubts it is now a fact that globalization has contributed to prosperity throughout our world however, more concern should be placed on how it affects inequality. Globalization is defined as the growing integration of economies and societies around the world. Therefore, it deals with capital and investment movements, trade and transactions, dissemination of knowledge and the migration and movement of people (International Monetary Fund, 2000). The process of globalization mainly increases the economic interdependence among nations and has the ultimate goal of poverty reduction. Although globalization did bring many positive changes to our world for the high skilled people, it doesn’t mean that it was something good when considering the low skilled.
And an increase in unemployment will lead to an unhappy electorate, which clearly no political party can afford in India. b. To Protect Consumers – A government sometimes levies tariffs as a kind of barrier on certain products if it thinks that the product might endanger its population. i.e. a product which is potentially harmful or erosive to its
The idea of emerging a these processes, which has lead to the formation of the new theories and approaches regarding the relations among world states and its impacts on the domestic level, is understood as the globalization. Within the context of globalization the states appear to be intensively bound to other states on different levels as political, social, cultural and economic, and that consequently results in a formation of a system where societies of the states, even if they are located quite far from each others, are linked through various channels of communication and relations. That phenomenon challenges the idea of existence of a clear distinction between international and