What is globalisation and consequences of globalisation?
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Here is your answer buddy,
Globalization is the opening of local and nationalistic perspectives to a broader outlook of an interconnected and inter-dependent world with free transfer of capital, goods, and services across national frontiers. It has aneffect on virtually every facet of life.
The Consequence -
Before arriving at definitive conclusions about the consequences of globalization, a great deal of empirical work needs to be undertaken. The potential implications of globalization have an impact not just on the political and economic domains, but also on the social as well as cultural realm.
One of the most widely held views with regard to the consequences of globalization is that it increases inequality in a variety of different ways. Barnet and Cavanaugh in their book Global Dreams: Imperial Corporations and the New World Order have argued that in the new world economy, the gulf between the beneficiaries and the excluded is widening as the world population grows.
Thomas Biersteker in his article Globalization as a Mode of Thinking in Major Institutional Actors suggested that with the globalization of firms and markets, location of production can be shifted readily from one production site to another. This means that individual states can be drawn into a competition with each other, as they try to attract investors by engaging in competitive forms of deregulation and liberalization.
Thus, globalization can have the effect of marginalizing the entire countries, at least in the initial stages. During the 1970s, the concept of globalization was criticized by the observers for widening the gap, which separates the core from the periphery.
Though the level of inequality among states might increase with globalization, it, however, has the potential to spread production to locations in developing countries which otherwise might not have access to major world markets. This suggests the contradictory nature of globalization.
Thus, rather than increasing inequality between states, the global dispersal of production actually reduces it. A great deal of empirical research needs to be done on this subject, particularly with regard to the expansion of international subcontracting and the degree of genuine access to global distributive networks.
The apparently contradicting consequences of globalization have, in fact, surfaced both optimistic and pessimistic opinions in different parts of the world. Recent surveys have suggested growing degrees of pessimism being expressed by Organization for Economic Cooperation and Development (OECD) with regard to future welfare, while new emerging countries like India and China express optimism.
Hope this helps you.
Be Brainly.
Globalization is the opening of local and nationalistic perspectives to a broader outlook of an interconnected and inter-dependent world with free transfer of capital, goods, and services across national frontiers. It has aneffect on virtually every facet of life.
The Consequence -
Before arriving at definitive conclusions about the consequences of globalization, a great deal of empirical work needs to be undertaken. The potential implications of globalization have an impact not just on the political and economic domains, but also on the social as well as cultural realm.
One of the most widely held views with regard to the consequences of globalization is that it increases inequality in a variety of different ways. Barnet and Cavanaugh in their book Global Dreams: Imperial Corporations and the New World Order have argued that in the new world economy, the gulf between the beneficiaries and the excluded is widening as the world population grows.
Thomas Biersteker in his article Globalization as a Mode of Thinking in Major Institutional Actors suggested that with the globalization of firms and markets, location of production can be shifted readily from one production site to another. This means that individual states can be drawn into a competition with each other, as they try to attract investors by engaging in competitive forms of deregulation and liberalization.
Thus, globalization can have the effect of marginalizing the entire countries, at least in the initial stages. During the 1970s, the concept of globalization was criticized by the observers for widening the gap, which separates the core from the periphery.
Though the level of inequality among states might increase with globalization, it, however, has the potential to spread production to locations in developing countries which otherwise might not have access to major world markets. This suggests the contradictory nature of globalization.
Thus, rather than increasing inequality between states, the global dispersal of production actually reduces it. A great deal of empirical research needs to be done on this subject, particularly with regard to the expansion of international subcontracting and the degree of genuine access to global distributive networks.
The apparently contradicting consequences of globalization have, in fact, surfaced both optimistic and pessimistic opinions in different parts of the world. Recent surveys have suggested growing degrees of pessimism being expressed by Organization for Economic Cooperation and Development (OECD) with regard to future welfare, while new emerging countries like India and China express optimism.
Hope this helps you.
Be Brainly.
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10
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➥HERE IS YOUR ANSWER
➠➠Globalization is the complete process of the interaction as well as integration of the people, governments as well as companies of different nations.
➠➠Globalization is the unique process that is driven by international trade as well as investment.
➠➠It is also mainly involved in effects on environment, political systems, culture and much more.
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