What are the advantages and disadvantages of using broad and inclusive definition and narrow and exclusive definition globalozation
Answers
Answer: Globalization
Globalization is a term used in the 20th century that refers to the process of trading goods among nations. It is described by the interaction, integration, and exchange among the people, companies, and governments all over the world. The good exchanged include:
Services
Technology
Investments
Information.
Globalization drives a country towards progress and development. It affects the nations as a whole but in exchange, it damages smaller communities and societies.
Refer to the following link for more information on the definition of globalization
brainly.ph/question/1809402
Broad and Inclusive Definition
Broad and inclusive globalization describes the opportunity by which the people or factors behind a certain development in a country benefits as well. In a nutshell, broad and inclusive globalization gives everyone a chance to participate in the management in such a way that the perspectives or plans a country have is reflected in their policies. This leads to a more secured opportunities and benefits for everyone.
Advantages of broad and inclusive globalization
Equal opportunities for everyone
Secured opportunities for everyone
Growth for the countries
Development of the nations
Disadvantages of broad and inclusive globalization
Reshaping of government institutions to cater for everyone
Economic processes need to be reorganized
Social processes require reorganization
Failure to focus on the country's own people and policies
Narrow and Exclusive Definition
In the English language, exclusivity is the restriction or the limitation within a group, area or people. In terms of globalization, narrow and exclusive means that the focus of the globalization would be limited to the country alone.
Advantages of narrow and exclusive globalization
Focuses on the development of the country
Enhancement of the policies in a country
Supported by people
Gives importance to the people and the cultures inside the country
Disadvantages of narrow and exclusive globalization
Results to trade wars with other countries
Limited perspective
Failure to establish connections with other countries
Globalisation :
It is the process of interaction and integration among people, companies, and governments worldwide.
Broad and Inclusive Globalization :
- It is describing the opportunity by which people or factors behind a certain development in a country benefits as well.
- Broad and Inclusive Definition -Broad and Inclusive Globalization is describing the opportunity by which people or factors behind a certain development in a country benefits as well.
- In a nutshell, broad and inclusive globalization gives everyone a chance to participate in a management in a such way that the perspectives or plans a country has reflected in their policies.
- This is a broad trend that has been underway for centuries.
Advantages of Broad and Inclusive Globalization :
- Equal opportunities for everyone.
- Secured opportunities for everyone. growth for the countries. Development of the nations
Disadvantages of broad and inclusive globalization :
- Reshaping of government institutions to cater for everyone .
- Economic processes need to be reorganized.
- Social processes require reorganization .
- Failure to focus on the country's own people and policies
Narrow and Exclusive Definition :
- In the English language, exclusivity is the restriction or the limitation within a group, area or people.
- In terms of globalization, narrow and exclusive means that the focus of the globalization would be limited to the country alone.
Advantages of narrow and exclusive globalization :
- In terms of globalization, narrow and exclusive means that the focus of the globalization would be limited to the country alone.
Disadvantages of narrow and exclusive globalization :
- It can distinguish all the benefits and has the advantage of seeing further ahead to avoid future problems.
- It does have the potential to neglect its own constituents at certain times because of its tendency to look outward.
- A narrow and exclusive definition of globalization focuses on one spot, particularly its own.