Globalisation

WHAT IS GLOBALISATION? No one can give an hold definition of the term globalisation It is an extremely complicated hold out with various views about it. EFFECTS OF GLOBALISATION Negative effects It is too painless to look at the positive aspects of Globalization and the great benefits that ar apparent e verywhere, without ack todayledging several negative aspects. They are often the subject of globalized corporations and the delocalization of economies that were once self-sustaining. Globalisation has caused disparity to grow between the naughty and poor countries. The income gap between the well- to-do and people with pecuniary difficulties has also been widening continuously because of Globalisation. Positive effects Globalisation has do the world seem frequently smaller with advancement in communication and transport. 1. Advancement in transport As Bowden (2003) suggests, because of Globalisation, distances has became less primal to people for even rather far-off places are now within reach, because of the improvements make in the way we travel. For example, a man of affairs could take a flight to Hong Kong in the morning for a meeting and be back in Singapore that very evening.

Countries now progress to a much broader access to a huge range of foreign goods for their local consumers and companies. The economies of many countries have become interconnected as they began exchange their good and capital. This was made possible because of the fact that transporting goods around the world has been made much easier and faster with the advancement of technologies. 2. Advancement in communication Globalisation has vivify things up massively - even communication. For example, in 1900, the telegraph was invented. It revolutionised the settle of information, shortening the time taken for a message or news to spread around the world. With technological advancements such as the fibre optic communications and satellites, there is an increase in... If you trust to get a full essay, order it on our website: Orderessay

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