Globalisation Essay

278 WordsMay 23, 20132 Pages
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services. Globalisation has been taking place for hundreds of years, but has speeded up enormously over the last half-century. Globalisation is a highly controversial issue as it can be very benefit to a country and can cause subsequent damage to another one. The outcome often depends on either the geographical location or the economic and political stability of the country. Mauritius has been taking full advantage of globalisation. It has developed its economy by exporting its local goods and services abroad, thus globalisation has helped small local businesses to develop into large multinationals. There are also the various facilities, such as low tax rates and cheap labour force offered to the investors which therefore, directly generates new jobs opportunities to the Mauritian people. Some years back, when modern globalisation was still a myth, the idea that foreign companies to invest in Mauritius was inconceivable but now, with the major improvements in transport and telecommunications, a company can run many offices from different parts of the world, as if they were found in the same locality. One sector in Mauritius that has known a boost since the inception of globalisation is the Tourism sector which is one of the pillars of the Mauritian economy. By the media being made more accessible through recent progress of the technology, such as the internet, the image of Mauritius as a tourist destination was highly promoted. This has leaded the country to have an amplify in concern to the economic

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