In: Business and Management

Submitted By 85297613
Words 1142
Pages 5
The Globalisation essay

Student name: Lok Lei

The Globalisation essay

"Globalisation is Good’’ tells a tale of two countries that were equally poor 50 years ago - Taiwan and Kenya. Today Taiwan is 20 times richer than Kenya. I think the farmers and entrepreneurs that could develop Taiwan because it introduced a market economy and integrated into global trade. And I know the Kenyan farmers and slum dwellers that are still desperately poor, because Kenya shut its door to globalisation. The Kenyans are suffering from regulations, corruption and the lack of property rights. The unequal distribution in the world is a result of the unequal distribution of capitalism - those who have capitalism grow rich, those who don't stay poor.

Globalisation can also be seen positively in a country where the economy has doubled in the past fifteen years, Vietnam. Even though the vast majority of Vietnam is still poor, this is changing due to globalization. First of all, globalisation has clearly made the workers’ lives better. At the Nike factory, workers need to be older than 18 to work at foot wear, and at least older than 16 to work at apparel. The average age of a worker there is around 24 to 25 years old. The reason why so many children had to work before was because their parents needed them to in order to help support the family, but since they are now able to make more money, this is no longer a necessity. Nike pays about $54 per month for their workers which is a high salary for their standards receives. This salary is also very high when compared to the minimum wage.
The workers that work for Nike also have some other benefits such as healthcare, free meals, commerce close to the factories, a park for workers to relax during breaks and restricted working hours. Many people left and came back. They preferred to work at Nike rather than at a farm because at the…...

Similar Documents


...Does the term ‘globalisation’ deserve the significance it has acquired in recent years? Introduction Globalisation conjures a myriad of ideas in the mind of individuals due to the varying experiences it has presented over the years. It has become very significant in the 21st century with a deep rooted historical background dating as far back as the 19th century. It is possible to assert that globalisation has transformed our world giving rise to many opportunities although there are numerous risks. However, globalisation has much significance as it affects all our lives. It has benefited many as barriers have been lowered and it has fostered the increased integration of economies. According to Allen and Thomas (2000) ‘Globalisation is a ‘process which embodies a transformation in the spatial organization of social relations and transactions- assessed in terms of their extensity, intensity, velocity and impact-generating transcontinental or interregional flows and networks of activity, interaction, and exercise of power’(Allen and Thomas,2000, p.348). This essay will argue that the term globalisation does deserve the significance it has acquired in recent years, by exploring four themes through the lens of technological advancement, capitalism, the economic dimensions and the impact on the British economy. Globalisation as a concept is not particularly new but it has a historical background which predates 1870 and can be traced even further to earlier periods.......

Words: 1767 - Pages: 8


...Globalisation does not really have an exact origin. It has been here since the beginning of human existence. From the moment people began migrating and exploring the world, they traded and exchanged ideas and techniques, ultimately giving birth to the idea of globalisation. However Theodore Levitt in 1983 introduced the term globalisation to the world. Globalisation in the past couple of years has been a prevalent topic. Look in any newspaper, magazine or television show, and in some way you will see globalisation occurring. Globalisations definition can be liquidated as the rapid exchange of a country’s goods, services, and culture using trade, transportation, and or communication with another country and or multiple countries. (Economic News Articles, 2011) Everything has its advantages and disadvantages. Globalisation is no exception. Examining economy, technology, and culture this essay will assess the advantages and disadvantages of globalisation, and how it possibly is affecting the United Kingdom. The economy today has been greatly affected by globalisation. The world is constantly evolving. Globalisation from an economic perspective is something that needs to be examined carefully. A disadvantage of globalisation on the economy is that as companies expand they are forgetting about the less fortunate countries. The prosperity that countries acquire from globalisation is not evenly distributed among other countries. (The Business Environment, 2009) Some advantages......

Words: 1163 - Pages: 5


...constant changes under the effects of globalisation. The effects of globalisation on education bring rapid developments in technology and communications are foreseeing changes within learning systems across the world as ideas, values and knowledge, changing the roles of students and teachers, and producing a shift in society from industrialisation towards an information-based society. In the research paper an effort is made to highlight the positive and negative implications of Globalisation on education and also remedies to the challenges faced by it. On moving towards its positive aspects it is evident that due to globalization there is explosion of knowledge. Access to knowledge has been made easier through Information Technology, satellites, supersonic travel etc, No country can afford to erect walls around it. A country like India for example, has no reason to discard globalisation because it has a large potential for natural resources, large national market, strong industrial base, a powerful R & D infrastructure and above all a highly knowledgeable and skilled manpower that can stand on its own in global competition and rise to any challenge. Employment based education was the most precious gift of gobalisation. Education can... [continues] Read full essay Cite This Essay APA (2012, 10). Impact of Globalisation on Education. Retrieved 10, 2012, from MLA ......

Words: 378 - Pages: 2


... PESTLE, SWOT, 5 Forces, CVF – MUST have an explanation of what it is) The Organisation The industry – supermarkets, news, journals * Market Share – who controls the market * Current news? * PESTLE – table and a SUMMARY! * Competitors – 5 forces table + competitor table Organisation - Tesco * Background * Statistics * etc * SWOT Challenge * Define it * In relation to company Recommendations * CVF – where should Tesco be Conclusions TESCO AND GLOBALISATION This Essay would contain information on Tesco as an industry and organisation. It would also analyse Tesco using the four models; PESTLE, SWOT, Porter’s 5 forces and the competitive value framework (CVF). An in-depth look into the term globalisation, its advantage and importance as well a the global challenge Tesco is currently facing, its competitor and how they have reacted to globalisation and recommendations on how to handle their global challenge this paper would contain. Jack Cohen first formed Tesco. This happened in the year 1919 when he first opened up a stall in the East end of London. Tesco started out as a very small business and it did so on the platform of sole proprietorship however today, Tesco is one of the world's largest retailers with a clear, proven growth strategy. It has over 492,000 employees and about 5,300 stores across 14 markets   Tesco has its headquarters in Chestnut, United Kingdom. It......

Words: 3488 - Pages: 14


...GLOBALISATION Globalization is a complicated and contentious issue. It is the process of strengthening the relationship between countries, inevitably involving the respective national economies becoming progressively bonded which in turn promotes interrelationship and progression. The standard of living in developing nations rises due to globalisation, expanding technological awareness, and a boost in political freedom. (Harris 2002) The primary element of globalisation is the impact from the rest of the further developed nations. Historically, it is a series of actions which arises from ideas of people and industrial advancement. Peru is one of the nations which distinctly depicts the effects from globalisation. Peru was initially a third world nation suffering from scarcity and dictatorship, it is now progressing into a developed country. Globalisation has positively affected Peru by raising the Human Development Index, empowering females, and creating a more powerful nation. (Leon 2002) One of the advantages of globalisation which has a civil development is the increase in Human Development Index. It is an assessment and comparison of civil, governmental and industrial growth between all the nations in the world. With a scale of zero to one, the Human Development Index rates each nation, with the most developed, globalised nation scoring one. The capital gross domestic production, life expectancy during birth, literacy of adults, and the amount of people admitted into......

Words: 1511 - Pages: 7


...People around the world are connected to each other than ever before. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalisation. Globalisation is the interaction between countries in order to develop the global economy. It has also been encouraged by trade liberalisation and financial market deregulation. It relates to the economy, politics, culture, society, and generally, with everything we deal with in our everyday lives. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalisation has in times that are more recent been increasing rapidly due to improvements in communications, information and transport technology. There are two types of global integration and they are positive and negative integration. The positive integration deals with homogenising international economic laws and policies and the negative integration deals with eroding of trade or protective barriers such as tariffs and quotas. The economic aspect of globalisation deals with the “increasing occurrence, speed and intensity of production, trading and financial exchange between individuals and bodies across global distances” (Fabian Global Forum, no date: 14). Other economic aspects, which have surfaced over the last thirty years, are multinational companies; technological progress and new financial techniques; authority of umbrella organisations like the World Trade Organisation (WTO), the...

Words: 1186 - Pages: 5


...Globalisation is a phenomenon that poses great opportunities and should be pursued while recognising and addressing the costs. Globalisation takes various forms, yet defined here within the economic scope due to its strong contemporary prominence and impact. Economic globalisation entails the interactions and interdependence of global markets, due to increased mobility of goods, services, capital and communications. Globalisation is driven by many factors, including technological advancements and deliberate neo-liberalist policy. It is not a new phenomenon, yet contemporary globalisation differs dramatically in scale, penetrating more people and remote areas than ever before. Globalisation has many benefits such as economic growth and poverty reduction, yet on a domestic scale economies must be allowed to adapt, and the global economy must be managed on an international scale. Economic interdependence and advances leads to a safer, more democratic world. The forces of globalisation have been set in motion and are not able to be reversed, hence the world must recognise globalisation as inevitable, and work to reap the benefits. Globalisation is an encompassing term, taking various forms that describing the vast social, economic, cultural and political changes that arise due to interaction and integration of people, institutions and governments of different states. Due to contemporary impact, globalisation here is defined within the scope of economic globalisation, it is a......

Words: 2343 - Pages: 10


...human culture, this can be explained by the term globalisation. Therefore this essay attempts to look at the negative effects of globalisation on the development of less developing countries (LDC’s), this will be done while using an appropriate theory of development perspective (dependency theory), and at the end of the essay in which a conclusion shall be arrived at. Globalisation came into the picture in the nineties of the last century with the end of the cold war and the break-up of the former Soviet Union and the global trend towards the rolling ball this is according to ( ). Globalisation is the process of increasing the connectivity and interdependence of the world markets and businesses. It is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. Globalisation on its own is virtually meaningless. Like its precursor, the word “development”, it needs an adjective to escape from a convenient conceptual fuzziness; the adjective used here will be “neo-liberal”. This means that globalisation is another name for late twentieth/twenty-first century capitalism. ( Stephen Gill (2008) defines globalisation as the reduction of transaction cost of Trans boarder movements of capital and goods thus of factors of production and goods. Tahir Hussain (2010) mentions in his book how Guy Brainbant says that the process of globalisation not only includes opening up of world......

Words: 1250 - Pages: 5


...Globalisation Understanding the different aspects and impacts of globalisation in today’s business is essential for nations and organisations in order to make the proper decisions in respect to its advantages and disadvantages. Hundreds of definitions for the term Globalisation are available, with every one of them having a different way of analysing it. Donald J. Boudreaux has provided a simple and clear definition in his book Globalisation: “Globalisation is the advance of human cooperation across national boundaries”. To better grasp such definition, globalisation can be seen as a process and a phenomenon. As a process, it includes integration between individuals, companies, and governments of different nations. Such processes are driven by international trade and investment, and aided by information technology. As a current phenomenon, it is based on factors such as growth of technology and information flows, trade liberalization, and free movement of capital and labor. Globalisation has various impacts on different businesses, organisations, and even on nations. The process is accompanied by a number of positive effects, such as offering lower prices to consumers, increasing the possibilities of knowledge dissemination, increasing regions competitiveness by harnessing resources, and providing better conditions for producers and consumers. In parallel, concerns are raising in different countries of the world, notably due to a number of issues such as:......

Words: 998 - Pages: 4

Globalisation Any country can participate to set up, acquire, merge industries, invest in equity and shares, sell their products and services in India. Therefore, globalisation should not be considered in isolation, but should be considered in totality with liberalisation of the industrial policy towards lifting of trade control and restrictions, influence of trade block and simultaneous privatisation. Global market treats the world as a single market. With the advent of information technology and its strategic application, the world is focussed as a global village and all traders are therefore globalised. The Earlier (pre 1990s) concept: Before 1990s India followed a patch of restricted trade. Such restrictions were that certain products would not be allowed to be imported as they were manufactured in India. For example, General Engineering goods, Food items, toiletries, Agricultural products etc. were in the banned list of import. Some other kinds of products which were produced in restricted quantity in the country or are expensive and categorised as luxuries were subjected to heavy import duty to make them costlier in order to dissuade flow of foreign exchange and give protection to local producers. For example, VCR, Music sets, Air-conditioners, Computers etc., these items were subject to 150% import duty. Globalisation in India: In the 1990s due to change in world economic order and due to heavy pressures from rich countries like USA, Japan, European countries......

Words: 1535 - Pages: 7


...It is argued that globalisation does not necessarily result in the domination and erasure of local cultures but rather engenders a resistance which can take the best of the global and reinforce and revitalise the potency of local cultures. Discuss with reference to the readings and concepts encountered in the subject. Globalisation does not necessarily result in the domination and erasure of local cultures, is a positive statement one can make from the reading Understanding Globalisation: History and Representation in the Emergence of the World as a Single Place, (Holton 1998). We will be looking at where globalisation comes from, or as far back as we can trace it in history. Globalisation engenders a resistance which can take the best of the global and reinforce and revitalise the potency of local cultures. Also, with looking at the reading mentioned previously and defining the term globalisation one can see that it would be quite the best of the global cultures which are taken and reinforced and revitalised into the local cultures, that is that my understanding of the term ‘global’ in the question is to mean ‘global cultures’. As we all know, it is a simple fact of history which is able to show that global cultures are where the best come from in order to revitalise local cultures. Globalisation is historical, and was present in the vast past of the world. It is through the history that we can see globalisation did exist and took several forms, history,......

Words: 1223 - Pages: 5


...companies operate in the macro and micro environments. Coca-Cola is an example of a company that has successfully cultivated its international business, with more than 70 percent of its income originating from non-U.S. sources. The various strategies that Coca-Coca uses to achieve this include developing a global consumer market, establishing transnational corporations to reduce production costs, product branding and positioning, competition-based pricing, and more. The Coca-Cola Company has responded well to globalization. However in order to remain competitive in the future, the company must identify and evaluate strategies to respond to the changes that may occur in the internal and external environments in which it operates. 2.0 Globalisation and its features 2.1 General ‘Globalization is the process which is bringing societies that were previously economically, politically, and culturally diverse into convergence. This is being achieved by a combination of the success of capitalism, the growth of a common mass culture (Mc Luhan and Powers (1989) Global Village) and the wish of people in all societies, through their rational choices, to choose...

Words: 300 - Pages: 2


...Economics task: Globalisation STUDENT NUMBER=20257806 WORD COUNT (including footnotes) =1,705 Globalisation is the process integrating economies into an international economy through an increase in trade, investment, technology, finance and labour. Globalisation has impacted greatly on the economy of India which is the 7th largest economy in the world and the 2nd most populus. India recently opened it’s economy in the last decade from a closed market in 1991.Globalisation has certain impacts on the economy which include economic convergence, economic growth & development, quality of life, distribution of income and wealth. There have been strategies put in place to promote economic growth and development which include. International Convergence International convergence is the tendency of economies becoming more similar in the ways they operate, their consumption patterns, structure of output, economic performance and government systems. The impact of this is an increase in trade dependency with economies formed open and deregulated markets as well as an increase in trade. A positive impact from increased trade is greater efficiency in resource allocation for NIE such as India. Indian exports have grown more than 25% per year to over $100 billion in 2006. (1)It has also led to an increase in level of output as GDP growth for India in 2007 was 9%. (2). As Indian companies began trading on the world market they were forced to become more......

Words: 2088 - Pages: 9


...Using material from Item B and elsewhere, assess the view that the process of globalisation has led to changes in both the amount of crime and the types of crime committed Globalisation refers to the increasing interconnectedness of societies so that what happens in one locality is shaped by distant events in another and vice versa. For example, the availability of illegal drugs in any UK city and the amount of crime which occurs in order to sustain people’s drug habits depends on how effectively farmers in Columbia and Bolivia can grow illegal crops such as the coca plant and also how effectively global drugs trade gangs can traffic illegal drugs into UK towns and cities. Globalisation has many causes, such as by the spread of new information and media technologies especially the internet and satellite television, mass migration, mass tourism, cheap international air travel, cheaper transportation of goods across borders, containerisation and the increase in transnational organisations that produce and market their goods and brands in a global marketplace. The expansion of free trade (meaning that companies can manufacture and sell their goods in increasing numbers of countries without trade barriers) has led to the establishment of transnational corporations. Marxists such as Taylor (1999) argue that globalisation has led to an increase in crime rates in some UK towns and cities because transnational corporations (huge companies that do business in several countries)...

Words: 2208 - Pages: 9


...Economic globalisation Globalisation has largely benefited the Australian economy. Australia has an abundance of natural resources that our population of 20 million people cannot use, therefore we sell the surplus to other countries that have a demand for the resources, giving us a world market of over 6.5 billion people. Australia's main exports have come from our primary industry, that is, raw materials such as minerals and produce. Our primary industry accounts for approximately 50 percent of our exports and includes coal, uranium, and iron ore as well as other minerals; cereal, such as wheat and rice; and meat and animal products, such as beef and wool. The other 50 percent of our exports are secondary goods and tertiary services. Secondary goods are those that have been processed or manufactured, such as machinery and food products, while tertiary exports are services, including education and tourism. See image 2 Australia imports a number of primary, secondary and tertiary products and services. Crude petroleum makes up the bulk of the primary imports, while computers and cars make up the majority of the secondary goods we import. Most of our tertiary imports are travel-related, including travel, transportation and insurance. See image 3 Importation has negatively affected some local industries. The hardest hit industries are secondary, such as manufacturing, because the cost of labour in Australia is quite high due to our higher standard of living compared to......

Words: 1813 - Pages: 8

Miss Monochrome: The Animation 3 | CARE FOR ME | .Hack//Liminality Episode 2 English Dubbed