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Social impact of globalisation
Advantage of technology in international trade
Effect of globalisation in our society
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Recommended: Social impact of globalisation
The impact of globalisation is that international trade has grown rapidly in recent years and decades resulting in transport volumes growing accordingly. Globalisation is an ongoing process in which economic interaction and trading activity will continie to grow and grow faster in future this because countries are become increasingly geographically unrestricted.
The development of technology supported by different institutions such as governments, economic trading zone (Europeann Union, Africa Union, SADEC, SADC and many others) resulted in increased trading across borders and continents. The impact of technology resulted in the growth of containerisation, tracking and tracing of freight, quicker, faster and more efficient transport vehicle including trucks, airplanes and vessels. The impact has a snowball effect with production efficiencies, increased concsumption as a result of the reduced transport costs which gave the consumer a lower shelf price.
The globalisation of trade also means developing the transport of goods and cargo between countries and the creation of inland infrastructure networks with the support of the government such as railways, road and expanding the ports. Road transport has often appeared to be the most dynamic mode with the initiatives taken by private companies
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The rise in container cargo and more and bigger vessels visting port resulted in new thinking by other transport modes to move the volumes. In some parts of the world new rail carriges are built carrying two container on top of each other on a railway carriage. Various other new developments that is being used by road transporteds has resulted in changes made by bulk and break bulk transports to be more effective and
Globalisation, in the simplest sense, is economic integration between countries and is represented by the fact that national resources are now becoming mobile in the international market. Globalisation sees: an increase in trade of goods & services through the reduction of trade barriers; an increase in financial flows through the deregulation of financial institutions and markets and floating of currency; an increase in labour
...ment. There was no inter-modal competition and there were no alternatives available for transporting commodities and materials. During the 20th century, the relative position of water carriers has decreased due to the emergence of air cargo and trucking industry that can effectively transport with more efficiency compared to the water carriers. The importance of water carriers is still vital in the developed and developing economies. Large-scale bulk transportation and long haul carriage requires the services of bulk carriers such as very large crude oil carriers (VLCCs) and ultra large crude oil carriers (ULCCs). Dry bulk carriers are used to transport large volumes of grain and other commodities. The importance of water carriers in transportation sector will remain primary, as the importance of crude oil and commodities is primary for the development of economies.
Globalisation refers to the changes in the way nations, regions, organisations, groups and individuals interact across national borders (Rondinelli and Behrman, 2000). It is an ongoing process that gradually eliminates national and regional preferences and ultimately turns the world into a single market place (Levitt, 1983) through international trade in goods and services, cross-border flows of capital and exchange of technology (Nunnenkamp et al, 1994)
Globalisation has become a definition primarily linked to its impact on economic growth, income inequality, and its effect on employment whereby Uchitelle (2005 p.3, as cited in Elijah, 2007) regards the concept a “rootless process of constantly moving jobs to low-wage countries”. Other authors (preble, 2010; Lee & Vivarelli, 2006) relate the term with economic integration and trade liberalisation.
Due to the multidimensionality of the notion of globalisation, its economic, social, political and cultural impacts are often debated across sociologists around the globe. The litmus test for each emerging theory is a set of domain questions which will reveal the sphere and boundaries of each theory. Domain questions include ‘When did globalisation begin?”, “Does globalization refer to a process?’ and the relevance of modernity and post modernity with Globalisation process. How different theorist will approach these domain questions will depict various ways in which the social phenomena is understood and explained amongst the sociologist (Chirot and D. Hall, 1982). The essay will focus on two largely recognised theories of Globalisation that propose the thesis that Globalization is understood and explained differently across time and space by theorist who believe their perspective answer all the world’s curiosity, however each theory has its own limitations and disadvantages.
parcel, express, air and ocean freight, road and rail modes of transport. This paper is going to
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services. The biggest companies are no longer national firms but transnational corporations with subsidiaries in many countries. Globalisation has been taking place for hundreds of years, but has speeded up enormously over the last half-century due to the constantly growing companies controlling the marketsMany companies make you believe there are winners in their industry and that is you, however this is not the case as i am going to show in my first example
Globalisation has a had great impact in shaping the world as is today. It is defined as the international flow of knowledge and information and global civil societies. Globalisation
Globalisation is not just the transfer of goods and services across the world. Globalisation can be defined as “the process of an increased relationship between national economies through international trade, foreign direct investments by multinational firms, and international financial investments”. With an increase in trade between nations, the distribution of resources will reallocate exports and pricing in a procedure to find stabilit...
In conclusion, technological advancement, particularly in transport and communication has been a vital factor for the emergence of multinational corporations and the spread of globalisation. However, technology on its own is not enough to fully drive globalisation, and there are other factors which are equally important. Demand for foreign goods and services influences globalisation more than technology, and barriers between countries, both political and economic, also greatly influence the opportunity for globalisation. Technology has limits no matter how advanced it is, there needs to be a demand in the first place to drive the supply, as well as accessible borders between countries with peaceful agreements. It is clear there is no single driving force behind globalisation, but an integration of several driving forces which work together and influence each other.
As Yazdani, (2009, p. 54) writes, globalization refers to the growing “interconnectedness” of peoples and nations from all over the world via investment, trade, and travel. According to him, globalization is the transformation process in which “local/regional phenomena” are converted into “global ones”. Globalization is viewed from various perspectives, such as social, economic as well as cultural (Sanagavarapu, 2010, p. 36). A major consequence of globalization is the increase in transnational transportation, especially migration to “western and industrialized societies” (Castles & Miller, 1998; Papastergiadis, 2000 as cited in Sanagavarapu, 2010, p. 36).
Globalization can be defined as the global economy coming together in many ways to create unique products, and services and other things. But what exactly does this mean? The initial thought would be that globalization is good. However, I believe globalization is the leading cause of the increased gap between the rich and the poor, and diminished the middle class. Globalization simply allows the cycle of the rich developed countries exploiting poor countries for labor and resources. Globalization has both positive and negative effects on everyone however, unfortunately the bad has outweighed the good.
Globalisation is an age old process, the result of innovation which has led to such a huge technological progress. It’s a base on which economies of the world interact and integrate through movement of goods, services and even capital exchange. It also includes movement of labour, knowledge, skills and culture across international borders. It’s about decreasing the distance (shrinking) of communication between world economies, making products or services in one country available with ease and a mutual benefit to another country.
I don’t think anyone would have ever guessed that transportation would have grown into major factor in our lives. As the population around the world continue to grow in billions, technology in transportation is forced to grow with it by changing and developing new ideas for the future to accommodate the growing population. Technology of new inventions can be traced back to the Industrial Revolutions, because in the 19th century transportation started to endure many positive changes. The invention of the telegraph communication device helped achieve positive results for transportation, which helped it soar even more. The spectacular inventions of the steam engines and the rail transport, help relieve pressure off humans and animals. The momentum and magnitude of the steam engine and rail transport gradually intensified enabling specialization through manufacturing. The timely invention and growth of the combustible engine and the automobile around the 1900s, and transportation on the road was seen in a different light. Due to all this new development in transportation, the first contemporary highways were built in the 19th century with broken stones of even sides called macadam. A few years later, tarmac and concrete would replace macadam for paving the roads. The Wright Brothers revealed the first effective airplane, and after World War I
Globalisation is a very complex term with various definitions, in business terms, “globalization describes the increasingly global nature of markets, the tendency for transnational businesses to configure their business activities on a worldwide basis, and to co-ordinate and integrate their strategies and operations across national boundaries” (Stonehouse, Campbell, Hamill and Purdie, 2004, p. 5).