• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Globalization - What is it?

Extracts from this document...

Introduction

Globalization What is it? Globalization is huge. It funds and fuels the common markets of today. It is the multi-national system of trade, communication and service that we have come to expect from nearly any place on our planet. And is has been molded into a system that communities globally require to survive. Not only this but it has allowed a huge increase in the mobility of technology and capital throughout the world, offering increased production and business links in smaller communities globally. One thing that has not been so apparent in its recent developments is that globalization has rapidly increased with new technologies, most notably that of telecommunications. ...read more.

Middle

Now Microsoft has played the part in world communications and interactivity for nearly 20 years. In that time it has created computer tools for nearly every country worldwide. It has been at the front of the technology ladder throwing out new ideas almost weekly, allowing internet and email communications everywhere. We now see its products in our homes, school, and work environments, and no doubt will continue to for many years to come. However, without the international links that have been created over the years through trade between foreign and local markets, this would be an almost impossible vision. Politically speaking, there is a strong argument that globalization is changing the face of society today. ...read more.

Conclusion

In many local towns and cities in England there is closed shops where businesses cannot afford to stay open with the so very low prices that the multi-national companies have set the bar at. The political view is that it is creating a vacuum effect which will eventually collapse, as government tax increases and prices continue to fall. What happens when multi-nationals set the prices high again as resources fall short? The one thing people do need to remember is that globalization is something we have created ourselves and play a very strong part in. We are the consumer, and we do have the right to refuse purchase. When we stop relying on the international survival markets (such as food, clothing and healthcare supplements), we will once again allow the small businesses to flourish in our own societies. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level UK, European & Global Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level UK, European & Global Economics essays

  1. Marked by a teacher

    Is Increased globalization a good thing?

    5 star(s)

    Uganda and Vietnam are prime examples. Many have the attitude that globalisation directly means Westernisation, or even Americanisation. However, if we consider the world at the beginning of the last millennium, this is clearly not the case. The high technology in the world of 1000 A.D.

  2. Where does the World Trade Organisation fit in the overall scheme of international public ...

    Each Member is also free to establish its own regime for the exhaustion of intellectual property rights without challenge, subject to MFN and national treatment provisions in TRIPS.105 The same Declaration instructs the TRIPS Council to "find an expeditious solution" to the problem of WTO members who find it difficult

  1. Discuss Globalization.

    The Peace of Westphalia of 1648 formally recognized the principles of territorial sovereignty, each party to the treaty agreed to honour the boundaries of the others and to refrain from interfering in their internal affairs. It's claimed that globalization is assaulting this national sovereignty.

  2. Discuss Globalization.

    of economies of scale, lower its average costs of production and find a comparative advantage, at which point the trade restrictions will be removed. Although this can be a very useful way of starting up new industries it can lead to a lack of competitiveness and the industry becoming dependent on protection from foreign competitors.

  1. Generalized role of a purchase manager

    More than 800 firms, located in cities like Bangalore, Hyderabad, Pune, Chennai, and New Delhi provided a range of software services, mostly targeted at foreign customers. The United States accounted for nearly 60 percent of Indian software exports, followed by Europe with 23.5 percent and Japan with just 3.5 percent.

  2. Emergency Economic Recovery Program From the United Nations International Report, Vol. I, no. A1

    decentralizing services to improve quality, accessibility and efficiency; c) ensuring access to an affordable minimum package of integrated basic health services; and d) supporting community participation and coordinating public sector, NGO and donor activities to optimize resource utilization. To reconstruct Haiti's health infrastructure, and to improve service quality and coverage,

  1. How and why are New Social Movements resisting Globalization?

    Social movements do not invite state intervention; rather they endeavour to resist the expansion of political administration. (Social movements an introduction-Dellaporta and Diana, Blackwell 1999:12) February 1998 saw peoples' movements from all corners of the globe meet in Geneva, launching a worldwide resistance against the global market.

  2. Discussing Globalization.

    The system of a seemingly level playing field is therefore debatable, as smaller countries are placed against large corporations with an unfair advantage in the latter's favour, with the former struggling to survive - evidenced by "widening income inequalities among nations, and by the rapid pace of environmental degradation."

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work