Examine how globalisation has resulted in economic winners and losers (15) Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation over the past hundred years has undoubtedly made the world more interconnected including closer societies, politics, economies, cultures and the environment. Globalisation has increased the production of goods and services. There are those who argue that globalisation creates “winners” and “losers,” as some countries prosper, whilst other countries fail to do well. China is becoming a more developed country and is becoming a ‘’winner”.
Countries with failing economies find it hard to trade or attract investment. IMF loans increase economic stability, helping those countries to participate in global trade. The World Trade Organisation (WTO) regulates the rules of trade between countries. It’s designed to reduce barriers to trade between countries by setting up agreements where tariffs on trade are either reduced or removed. This increases trade between countries which increases interaction and globalisation.
This will allow different parts of the world to enjoy merchandise that is specific to one country. Throughout the past it has been proven that by introducing industries’ and the use of globalization has strengthened a country’s economy. I am a pro economic globalization because I feel that we need to change the way of the past if nothing seems raise the economic standards. Hopefully we will be able to realize that economic globalization is working so we can help countries quickly and efficiently. Economic globalization has attracted much debate throughout society today.
This happened because American businesses were on a rise and they created 12 million jobs. There were also key states like California that came out of the economic recession. California had growth that was being driven by high tech industries, entertainment, and foreign trade. The 1990s was also a time when the stock markets soared. There was a rising demand for shares in what is called blue-chip companies and internet companies also began to rise with value from individual portfolios, retirement accounts, and pension funds.
To increase global connectivity, there are several factors included. Development of technology can increase global connectivity. Also, telephones provide communication and increase the network of global connectivity as firms can contact other countries where other firms are based. This provides a wider network. The internet provides more communication, and allows firms to operate annually.
The approach can lead to permanent transformation in an individual’s attitude as he or she elaborates and adopts upon the arguments made by the speaker. In this case, the speakers in the video attempt to persuade the audience that the solution to the recent volatility experienced in the global market is adopting a balanced portfolio approach. In order to further convince the audience, they give examples of what happened in the past and concur that a diversified and balanced portfolio approach is the
Introduction As large corporations spread across borders and become increasingly globalized, they require the expertise of the global marketing and advertising industries to shape brand personalities into something relevant to consumers. The discipline of account planning, which is a blend of empirical and qualitative research, has been specifically created to get inside the mind of the consumer and help brand builders get their brand associated with something that speaks to those consumers. If that something doesn’t exist yet, it can be created. “The intended target of the ad is encouraged to identify with the message, people and style represented in the ad. Thus advertisements help to orient individuals in society by providing them with images with which they can self-identify.” 1 The pervasiveness of branding brings up the question of how does it shape global culture and identity?
2. Explain how industrial regulation affects the market. Industrial regulation is intended to affect the market in a positive way, benefitting both the consumer and society as a whole. But over the years there has been mixed results. On the positive side, industrial regulation helps to pass on to the consumer the savings that monopolists enjoy as far as cost reductions while also preventing the restrictions on output and higher prices that are typical of an unregulated monopoly.
In going global, they must be familiar with the laws & political stability of a country. They must also be aware of its economy and monetary factors such as exchange rates, inflation rates and tax policies. The different cultural environment around the world is also a major factor to be considered in going global. The business strategy must be sensitive and adaptable to the situations faced by each unit of the company around the world. The strategies are said to be successful if not only does it increase the company’s profit but it maintained the company’s image and also improved different aspects of the
How does globalization influence health and lifestyle? 2012/7/26 Traditionally, globalization is welcome in a host of countries for the reason that it can increase international trade and fuel the local economic growth. Yet, a growing number of people nowadays are beginning to be concerned that transitions brought by globalization could make a negative effect on their local lifestyle and health. Widespread and overwhelming, globalization plays a vital role in people’s life. From my own perspective, health and cultural problems are the two essential issues that triggered by globalization.