COM3705 01
Declaration
I, the undersigned, hereby declare that this is my own and personal work, except where the work(s) or publications of others have been acknowledged by means of reference techniques.
I have read and understood Tutorial Letter CMNALLE/301 regarding technical and presentation requirements, referencing techniques and plagiarism.
Signature:
Name: Bheki Gumede
Student Number: 49292943
Date: 24 February 2014
Witness’s signature:
1
CONTENTS
1
INTRODUCTION
3
2
INCREASED BUSINESS OPPORTUNITIES
3
3
EMPLOYMENT CREATION
4
4
EDUCATION AND TRAINING
6
5
LIVING STANDARD
6
6
ECONOMIC INFRASTRUCTURE AND DEVELOPMENT
7
7
GOVERNMENT REGULATION
7
8
INTERNATIONAL TRADE
8
9
INNOVATION AND TECHNOLOGY
9
10
CONCLUSION
9
11
References
9
2
1
INTRODUCTION
Globalization is a process of economical communication between people, companies and governments of different nations, that is, interaction and integration among these groups (the people, companies and governments of different nations). This process has both negative and positive effects on the environment, culture, political systems, economic development and human physical well-being in societies around the world. In this assignment, I will thus discuss advantages and disadvantages that globalization brought to our country, hence the discussion will be based on increased business opportunities, Employment creation, Education and training, Living standard, Economic infrastructure and development, Government regulation, International trade as well as Innovation and technology.
2
INCREASED BUSINESS OPPORTUNITIES
South Africa is one of the not so rich countries in the world and also working hard in the formation of business opportunities by interacting with other countries for a better development. It was ranked
52nd out of 144 countries in the World Economic Forum’s Global Competitiveness Index for 2012 and also claimed third place among the BRICS countries. BRICS are the five countries
I, the undersigned, hereby declare that this is my own and personal work, except where the work(s) or publications of others have been acknowledged by means of reference techniques.
I have read and understood Tutorial Letter CMNALLE/301 regarding technical and presentation requirements, referencing techniques and plagiarism.
Signature:
Name: Bheki Gumede
Student Number: 49292943
Date: 24 February 2014
Witness’s signature:
1
CONTENTS
1
INTRODUCTION
3
2
INCREASED BUSINESS OPPORTUNITIES
3
3
EMPLOYMENT CREATION
4
4
EDUCATION AND TRAINING
6
5
LIVING STANDARD
6
6
ECONOMIC INFRASTRUCTURE AND DEVELOPMENT
7
7
GOVERNMENT REGULATION
7
8
INTERNATIONAL TRADE
8
9
INNOVATION AND TECHNOLOGY
9
10
CONCLUSION
9
11
References
9
2
1
INTRODUCTION
Globalization is a process of economical communication between people, companies and governments of different nations, that is, interaction and integration among these groups (the people, companies and governments of different nations). This process has both negative and positive effects on the environment, culture, political systems, economic development and human physical well-being in societies around the world. In this assignment, I will thus discuss advantages and disadvantages that globalization brought to our country, hence the discussion will be based on increased business opportunities, Employment creation, Education and training, Living standard, Economic infrastructure and development, Government regulation, International trade as well as Innovation and technology.
2
INCREASED BUSINESS OPPORTUNITIES
South Africa is one of the not so rich countries in the world and also working hard in the formation of business opportunities by interacting with other countries for a better development. It was ranked
52nd out of 144 countries in the World Economic Forum’s Global Competitiveness Index for 2012 and also claimed third place among the BRICS countries. BRICS are the five countries
References: Deloitte.com Madi du Toit Job creation Lead Southafrica.info City Press Wikipedia www.enotes.com 9 10