Essay on Impact Of Globalization On Global Market And Trade

Essay on Impact Of Globalization On Global Market And Trade

Length: 1123 words (3.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

“From your point of view, has globalization changed global politics or in a negative way?”
Globalization can be defined in different ways as follows;
• “The acceptance of a set of economic rules for the entire world designed to maximise profits and productivity by universalising markets and production, and to obtain the support of the state with a view to making the national economy more productive and competitive;
• Technological innovation and organisational change centred on flexibility and adaptability;
the expansion of a specific form of social organisation based on information as the main source of productivity and power;
• The dissemination of common cultural values, but also the re-emergence of nationalism, cultural conflict and social movements."
R. Urzua, 2000
Globalisation has positive impacts on human life and as most children are breed to crave knowledge which has reshaped human behaviour, global prosperity and achieving a more equitable earth.
How has globalisation influenced Global Market and Trade?
Individual states that are immensely separated by geographical factors hardening situations at hand so now states are much more dependent on each other as events outside their territory are likely to affect them compared to a century ago. International Organisations (IGOs) contribute massively in bringing states together. A couple of years back states invested more in domestic security than global security but as of now states have failed to protect their own people and handle their problems. Consequently states have joined to counteract global issues in IGOs. In joining IGOs states had to surrender their jurisdiction to a body governed by collective will and decisions made by other states. Member states have...

... middle of paper ...

...dhism, Christianity and Hinduism teach valuable lessons on equality and freedom and significantly the Golden Rule “what you do not wish done to yourself, do not do to others’. This has created boundaries of tolerance to politics, economics and society. Technological advancements have established grounds for religious debate as websites contain information and explanations on other religions to anyone regardless their location allowing the spread of ideas to spread. A main character that has helped with the spread of globalisation is science and secularization resulting in people ignoring age-old authority of tradition. Self-prosperity, freedom equality and emancipation have moulded the past centuries of human life. Cultural globalisation has homogenized cultures and has affected dress patters influenced by major icons like Michael Jackson, Madonna and Elvis Presley.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Impact of Globalization on the Kenya Labor Market Essay

- While Kenya was definitely one of the leaders in the race towards globalization in Africa, their progression forward was plagued with stops and starts that put them at a disadvantage. It was actually not until 1993 that Kenya fully integrated itself into the global market1. As Africa gained full independence from its colonial masters, “the global trading system remained highly inefficient, with advanced economies drawing on their technological edge to enjoy tremendous market powers: monopoly or oligopoly on the supply side, and monopsony or oligopsony on the demand side (Blue Hippo).” Due to the inefficiency of the system it was even more difficult for Kenya to gain ground in the global eco...   [tags: economy, trade, reforms]

Better Essays
873 words (2.5 pages)

Three Globalization Business Challenges : Bellevue University Essay

- Three Globalization Business Challenges Cozetta Simms Bellevue University Globalization has been on the rise since the 1970’s when the creation of steel transport containers made trading goods easier and cheaper for traders across continents. Since the 1970’s trade has been a huge staple in the American marketplace and has increased the economy of America more than 50%. Although, globalization has been profitable for some businesses, the challenges that companies face with globalization have threatened to impact the global trade market....   [tags: Globalization, Culture, World Trade Organization]

Better Essays
1136 words (3.2 pages)

Globalization And Its Impact On Society Essay

- Globalization is associated with bringing together world economies and cultures. Globalization is a controvertible conception. This allows powerful corporation change local enterprises and in the future make the gaps big between, rich people and poor people. The benefits of an international market to integrated where labour, ideas, capital and goods can be free and to promote the economic development all of the levels in the society. Globalization is a process to interact and integrate among companies, people and the governments of other nations....   [tags: Globalization, International trade, Poverty]

Better Essays
1059 words (3 pages)

Impact Of Management On The Globalization Of A Business Essay

- The impact of management on the globalization of a business is a one of the intensity to which globalization occurs. Management are they elements that enforce the establishment of globalization, in the sense that thee cant be any business decision without management since its the duty of management to make business decisions , nurture them, until those decisions are realised to their maximum stage of importance. The impact of management of globalisation of goods and services are: Making business decisions that will enhance the easy flow of goods and services around the economy of the world....   [tags: Globalization, Corporation]

Better Essays
977 words (2.8 pages)

The Impact Of Globalization On Multinational Corporations Essay

- Globalization has been a major impact when it comes to the Global economy, which is changing every day. Globalization has enabled many businesses to outsource their corporation across their home country border in order to increase their wealth and maximize their production at a lower cost. The outsourcing as cause these businesses to become Multinational corporations (MNCs), which are becoming major contributors to many nations global economy. Multinational corporations can be seen as a global crisis because of the results of globalizations....   [tags: Globalization, Corporation]

Better Essays
1479 words (4.2 pages)

Globalization Is Irreversible Or Not? Essay

- In this assignment I will look at globalization and determine whether it is irreversible or not, to do this I am going to firstly define globalization using three different author’s views this will allow me to gain a better understanding on what globalization is, I will then assess the concepts of three different forms of globalization which are, economic globalization, political globalization and cultural globalization using real life statistics and examples also including authors views on the three forms of globalization this will allow me to illustrate how far globalization has come and combining all of their views as well as my own to come to the conclusion on whether or not globalizati...   [tags: Globalization, International trade, Economics]

Better Essays
2008 words (5.7 pages)

Impact Of Globalization On Business Management Essay

- Business management is managing people, operations and organizations to some objective or specific goal. Globalization is efforts of organizations to provide products or services throughout the world. Managing of international markets and businesses on a global industry requires innovative approaches. Globalization makes the impact of business management easier and increases efficiencies for most companies. The products and services that used to be exclusively found in a developed country are increasingly available around the world....   [tags: Globalization, Culture, Developed country]

Better Essays
709 words (2 pages)

Impact Of Management On The Globalization Of Business Essay

- IMPACT OF MANAGEMENT IN THE GLOBALIZATION OF BUSINESS Management in all business activities is portrayed as the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. This is done through effective planning, organizing, staffing, leading and directing plus controlling of an organization. (Business Maters, 2013). Whereas globalization of business depicts the change in a business from a company associated with a single country to one that operates in multiple countries while globalization is the changes in the world where one moves away from self-contained countries toward a more integrated country....   [tags: Management, Management styles, Globalization]

Better Essays
1029 words (2.9 pages)

Impact Of Globalization On International Marketing Essay

- Globalization has had an increasing vital impact on international marketing & a major trend in business. This is nothing new. International trade has been going on since the beginning of civilization. However, in the 20th century, trade expanded rapidly due to advances in communication, transportation, and management. As the cost & complexity of operating overseas is reduced by globalization, more markets are susceptible to international organizations. These organizations or multinational corporations produce & sell products or provide services in two or more countries....   [tags: Globalization, Management, Corporation]

Better Essays
1261 words (3.6 pages)

Globalization Is A Double Edge Sword Essay

- Introduction Economic globalization phenomenon has gradually come into people’s eyesight since the 1980s. According to Gao Shangquan’s article (2000), the economic globalization means that the world economy has become interdependent, cross-border trade and the spread of goods, services, international flows of capital and technology become more efficient. The progress of science and technology is the main driving force of economic globalization. It is undeniable that globalization can help the world economy becomes more prosperous....   [tags: International trade, Globalization, Economics]

Better Essays
830 words (2.4 pages)