Globalisation Essay
Introduction
Globalisation has already existed for thousands of years. People have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries.
So what is globalisation?
Globalisation is a process of interaction and integration among the people, company, and governments of different nations, a process driven by international trade and investment and aided by information technology. Globalisation usually refers to the rapid increase in the share of economic activity taking place national boundaries.
Globalisation goes beyond the international trade in goods now and it also includes the way those goods are produced, the delivery and sale of services, and the movement of capital and so on. The challenges for business, for individuals and for governments are to realize the opportunities from globalization – in stronger economic growth, new business prospects, and higher living standards.
The current globalisation is driven by policies and technology that have opened economies domestically and internationally. Now, many governments have adopted free-market economic systems to increase their productive potential and get new opportunities for international trade and investment. For the corporations, taking advantage of new opportunities in foreign markets, they will get much more profit. The case of Boeing 777 in course of Internationalisation of Business mentions 132,500 component parts of Boeing 777 are outsourcing from lots from different countries and combining in the United States.
Furthermore, ‘Globalisation benefits all who participate in globalisation process.’ This conclusion will make those who are opponents of globalisation feel unhappy. I will state my opinion about this.
Globalisation and its impact
Globalisation has set in
Globalisation has already existed for thousands of years. People have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries.
So what is globalisation?
Globalisation is a process of interaction and integration among the people, company, and governments of different nations, a process driven by international trade and investment and aided by information technology. Globalisation usually refers to the rapid increase in the share of economic activity taking place national boundaries.
Globalisation goes beyond the international trade in goods now and it also includes the way those goods are produced, the delivery and sale of services, and the movement of capital and so on. The challenges for business, for individuals and for governments are to realize the opportunities from globalization – in stronger economic growth, new business prospects, and higher living standards.
The current globalisation is driven by policies and technology that have opened economies domestically and internationally. Now, many governments have adopted free-market economic systems to increase their productive potential and get new opportunities for international trade and investment. For the corporations, taking advantage of new opportunities in foreign markets, they will get much more profit. The case of Boeing 777 in course of Internationalisation of Business mentions 132,500 component parts of Boeing 777 are outsourcing from lots from different countries and combining in the United States.
Furthermore, ‘Globalisation benefits all who participate in globalisation process.’ This conclusion will make those who are opponents of globalisation feel unhappy. I will state my opinion about this.
Globalisation and its impact
Globalisation has set in
Bibliography: Noam Chomsky Znet (2002), The Croatian Feral Tribune Sheila L Atkinson, A.B.(1999), Is Raising Inequality Inevitalbe? A Critque of the Transatlantic Bhagwati, Jagadish (2007), In Defense of Globalization, Oxford, New York: Oxford University Press Michael Bond (2000), Eve of the Apocalypse, What is Globalisation Global Education (2008), Globalisation, available at http://www.globaleducation.edna.edu.au/globaled/go/cache/offonce/pid/178 , Accessed 30/10/2008 110cn (2008), Globalization in China, available at http://www.l10n.cn/www/9/2008-07/4.html , Accessed 1/11/2008 Work submitted for assessment which does not include this declaration will not be assessed.