Preview

Globalisation

Powerful Essays
Open Document
Open Document
905 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Globalisation
Coursework by Aleksandr Bakharev

Globalization
Globalization can be defined as the process of integration and interaction among the governments, companies, and people of different countries. It is a process which is driven by investment and international trade. It is aided mainly by information technology. Globalization has the effect on a number of things, some of which include culture, environment, economic development, political systems and the general human physical well-being among the societies in the world. Globalization can also be thought as a process which leads to significant variance in businesses and markets. For instance; an expansion of services and goods between countries, shifts in consumption and production, among others.
Internationalization can be referred as the economic relations between different nations in order to keep sovereignty over their own territories. It can also be a process leading, identifying and entering international markets. This may involve the process in which a product is generalized in order to handle various languages and various cultural conventions without redesigning. Internationalization and globalization are thought by many as one and the same thing, but they are, in fact, very different things. Internationalization deals with the increasing need for international relations, international trade, alliances, treaties, etc. Inter-nation refers to between different nations. Globalization, on the other hand, can be referred to as the global economic integration of economies of various nations which were formerly independent into one global economy. This is to facilitate free capital mobility and free trade via uncontrolled or easy migration.
Globalization contributed to China’s three key areas. These are; trade, foreign investment and service sectors. There was a rise in China’s trade dependence to 36.7% in 1997 from 17.8% in 1982. GDP growth has also been witnessed to rise from 20.3% in 1997 to over 35%. China

You May Also Find These Documents Helpful

  • Good Essays

    The globalization of China was brought about after the end of the Cultural Revolution that had kept China isolated from the world in order to prevent outside influence (Yahuda, 2003).…

    • 805 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Globalisation

    • 1157 Words
    • 5 Pages

    The business world is becoming increasingly global. As a result of this, many companies, such as Costa Coffee and Dyson, have changed their strategies in relation to the markets they target or where they produce. Does the increasingly global nature of business mean that all organisations need to change their strategies significantly to achieve higher profits? Justify your answer with reference to Costa Coffee, Dyson and/or other organisations that you know.…

    • 1157 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Globalization is hard to precisely define, but it involves the increased integration and interdependence of economics throughout the world. The process of globalization has led to increased trade, increased inward investment and greater communication. Globalization has led to increased mobility of labor and capital between different economies. There has also been an increased role for multinational corporations and international bodies such as the IMF.…

    • 633 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Globlization and Impact

    • 1932 Words
    • 8 Pages

    Globalization (or globalization) describes a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.…

    • 1932 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Globalisation

    • 1805 Words
    • 8 Pages

    Globalisation is a complicated and evolving process and has become one of the most debated issues around the globe. The topic is so debatable that there is no one conventional definition of globalisation. However it can be narrowly defined as "the inexorable integration of markets, nation states, and technologies...in a way that is enabling individuals, corporations and nation states to reach around the world, farther, faster, deeper and cheaper than ever before."(Griffin 2007)…

    • 1805 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    globalisation

    • 2212 Words
    • 9 Pages

    Globalization gives individuals and states an economic stake in each other thus making political stability and cooperation more likely…

    • 2212 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    globalisation

    • 356 Words
    • 2 Pages

    Globalization funny cartoons from the CartoonStock directory - the world's largest on-line collection of cartoons and comics.…

    • 356 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Globalisation

    • 382 Words
    • 2 Pages

    Comparative advantage assumes that capital is essentially national in character rooted in the ownership of land and the production of goods. International trade will benefit all countries…

    • 382 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Globalisation

    • 1265 Words
    • 6 Pages

    In this essay I will critically evaluate the influence of globalisation on community development in contemporary Aotearoa/New Zealand. I will be discussing how globalisation of media, things such as movies, music and internet influences culture in New Zealand. Globalisation can be seen as a mass production or growth of something that is spread worldwide. Community development is the community coming together as one, being empowered to build or change their community based on equality for all. Although this type of globalisation may promote an individualistic identity and a lifestyle of consumption I will be discussing the benefits and barriors of globalisation through media in community development.…

    • 1265 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Globalisation

    • 443 Words
    • 2 Pages

    Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.[1][2] Globalization describes the interplay across cultures of macro-social forces. These forces include religion, politics, and economics.…

    • 443 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    challenges to manager

    • 1911 Words
    • 8 Pages

    In general terms, globalization is the international integration of intercultural ideas, perspectives, products/services, culture, and technology. This has resulted in large scale interdependence between countries, as specialization (arguably the root cause of globalization) allows for specific regions to leverage their natural resources and abilities to efficiently produce specific products/services with which to trade for another country's specialization. This allows for a higher standard of living across the globe through higher efficiency, lower costs, better quality, and a more innovative and dynamic workforce.…

    • 1911 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    globalisation

    • 558 Words
    • 3 Pages

    Globalization is the process by which the world is interconnected through technology and powerful infrastructure for the purpose of communicating and managing resources. Globalization seems to talk about several vibrant phenomena which ensure two major components. Firstly, they function across national boundaries and secondly, they result in higher incorporation or interdependence of human societies. It is therefore one aspect of development that affects the world in general, from every point of human view.…

    • 558 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Global Analysis

    • 1366 Words
    • 5 Pages

    There are a lot of ways to define the terminology globalization. According to the book named International Management edition 8th (The McGraw-Hill Companies, Inc, 2012- p. 6), globalization can be defined as the process of social, political, economic, cultural, and technological integration among countries around the world. Globalization is also defined as the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. The appearance of globalization creates many chances and challenges for many countries around the world. To clarify the importance of globalization as well as its impacts on the economies of countries around the world, we need to response and analyze the following questions:…

    • 1366 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Globalisation

    • 1280 Words
    • 6 Pages

    Globalization has brought much benefits, and negatives. Its need for manpower is now much more than what institutions can provide (Thangavelu, 2010). This article examines the positives and negatives that globalisation brings, so as to benefit from it, and discusses how the welfare of the workforce is not compromise, because of it.…

    • 1280 Words
    • 6 Pages
    Best Essays
  • Good Essays

    Globalization refers to the increments in the relationships of the people, industries, culture and various activities of economy. The term Globalization refers to the economics and all the global distribution of the production of goods and service which ultimately reduces the barriers of international trade like export fees, import quotas and various other tariffs, Cowen (2003). The Globalization has contributed to the growth of economy in a considerable manner. The globalization have accompanied to economic growth in developed and developing countries through increased specialization and the principle of comparative advantage. Globalization means the transnational change between the ideas, languages, and popular culture of different nations and countries so as to increase the diversity in the economy and enhance the growth of economy. It is argued that the decrease in the inter-cultural contact will increase the possibility of international and intra-national conflict.…

    • 2402 Words
    • 10 Pages
    Good Essays