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EXECUTIVE SUMMARY
This report gives a view on how the term globalisation is defined taking into account such factors as the effects of lowering tariffs on the economy, social aspects of learning about other people, political amalgamations, changes in employment for both developed and developing countries, increase in technology and decrease in communication costs, impacts of culture and religion and the effects on the environment. There will be arguments both for and against globalisation and how they have effected the factors above. Also a definition of globalisation according to the way it affects me from the ease of connecting to the world through the internet and mobile phones, to the ability to purchase a wide range of quality low cost products and services.
DEFINITIONS OF GLOBALISATION
“The term globalisation refers to a process as well as view of the world; but it remains an imprecise term whose implications change as processes and world views change” (Shanahan, pg39).
Parts of the world that effect a definition of globalisation include
- Economic – Although not unique or evenly distributed, the lowering of tariff barriers has allowed “expanding economic interdependence between nations as evidenced by increasing cross border trade in goods, services, capital and knowledge” (Govindarajin and Gupta,1998a). ...
- Environment – “Integration in the world economy contributes to environmental improvements by promoting growth, increasing incomes, improving property rights and the allowing the efficient use of resources” (Globalisation Guide. ...
MY DEFINITION OF GLOBALISATION
My definition of globalisation would include a smaller world where international travel and international distribution of goods is far easier, technology and information is shared far quicker due to the use of computers and telecommunications, and that consumer goods and services are produced in a low cost environment and available to people of many countries without detriment to peoples cultures and the environment.
Globalisation is not evenly distributed around the world but it is evident in parts of the world not thought of, from the banks of the Yangtze River in China where the locals try to sell soft drinks to tourists getting off cruise boats (seeing from my own personal experience) to Gulf Air flights which provide the Muslim business class passengers with the exact location of Mecca at all times (Friedman, pg.
Approximate Word count = 1680 Approximate Pages = 6.7 (250 words per page double spaced)
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