Globalisation of Business Activities
GLOBALISATION- A BACK GROUND STUDY
Globalization has been the prominent buzz word of recent times from America to Europe and the UK to Japan to Nigeria in West Africa this is what is making the world go round and indeed flat. It is common to hear of today’s world economic system as being “globalisation”. Some describe the historical events leading up to today’s global free trade “inevitable”. The UK’S former Prime Minister Margaret Thatcher was famous for her TINA acronym and Gordon Brown the current PM encourages UK global trading by welcoming even more foreign investors. So, whether in the newspaper articles, politician speeches, or business leader press conferences the G-word appears to be the most important issue in contemporary society.
Many see the recent increase in cross border transaction as the new defining element of globalization. However, this has not been a new development. This process was well established in ancient history and even at the end of the nineteenth century, the percentage of cross border transaction worldwide was not considerably A quick background study of globalisation revealed that quite a lot of notable scholars believe that historically, there have been three great eras of globalisation critique have argued differently though.
Thomas .L. Friedman in his book the world is flat! Supported the thinking, that globalisation started from 1492- 1800 when Columbus set his sail to go around the world this open trade between the old world and the new world within also evident in this era is the planning by politician after the world war ll to break down borders hampering trade to increase prosperity and interdependence thereby decreasing the chances of future war.
Their work led to the Bretton Woods conference an agreement by the world leading politicians to lay down the framework of international commerce and finance, and the founding of international institutions intended to oversee the process of globalisation. They include,
Globalization has been the prominent buzz word of recent times from America to Europe and the UK to Japan to Nigeria in West Africa this is what is making the world go round and indeed flat. It is common to hear of today’s world economic system as being “globalisation”. Some describe the historical events leading up to today’s global free trade “inevitable”. The UK’S former Prime Minister Margaret Thatcher was famous for her TINA acronym and Gordon Brown the current PM encourages UK global trading by welcoming even more foreign investors. So, whether in the newspaper articles, politician speeches, or business leader press conferences the G-word appears to be the most important issue in contemporary society.
Many see the recent increase in cross border transaction as the new defining element of globalization. However, this has not been a new development. This process was well established in ancient history and even at the end of the nineteenth century, the percentage of cross border transaction worldwide was not considerably A quick background study of globalisation revealed that quite a lot of notable scholars believe that historically, there have been three great eras of globalisation critique have argued differently though.
Thomas .L. Friedman in his book the world is flat! Supported the thinking, that globalisation started from 1492- 1800 when Columbus set his sail to go around the world this open trade between the old world and the new world within also evident in this era is the planning by politician after the world war ll to break down borders hampering trade to increase prosperity and interdependence thereby decreasing the chances of future war.
Their work led to the Bretton Woods conference an agreement by the world leading politicians to lay down the framework of international commerce and finance, and the founding of international institutions intended to oversee the process of globalisation. They include,
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