• 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)

    individual country to choose the particular set of policies that suits its own development needs. Additionally, globalisation has not been experienced everywhere to the same extent. In fact, it is probably only applicable to a small percentage of humankind. For instance, only a small minority of the world's population can

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

    Special and Differential Treatment "Old-style" special and differential treatment (SDT), as expressed in Part IV of the GATT and the Enabling Clause of the Tokyo Round, largely exempted developing countries from GATT rules and obligations. They were granted sweeping carve-outs from GATT disciplines; and they received developed country preferences but were not obliged to reciprocate.

  1. Discuss Globalization.

    The world economy is more interdependent than ever before. The most powerful image of this interdependent world is contained in the family of depictions, which surround globalization. It has being portrayed as the 'end of sovereignty' and the 'borderless world' to name but a few. (Fry & O'Hagan 00:249)

  2. Discuss Globalization.

    Comparative advantage is one of the main economic concepts linked to globalization and is defined as; the ability to produce a product or service at a lower opportunity cost than other regions or countries. (Sloman 2006) One of the main ways the use of this comparative advantage has been affected by globalization is that Newly Industrialised Economies (NEI's)

  1. Generalized role of a purchase manager

    Superior value is created through lower costs or superior benefits to the consumer (differentiation). India's Success in Software India has received much attention recently on the prowess of its software industry, prompting Bill Gates to proclaim that "India is likely to be the next software superpower."

  2. How has Globalization affected the City of Brighton? Discuss

    The already meagre share of the global income of the poorest people in the world has dropped from 2.3% to 1.4% in the last decade. But even in the developed world, not everyone has been a winner. The freedoms granted by globalisation are leading to increased insecurity in the workplace.

  1. The Blessings and Challenges of Globalization.

    It has been an ad hoc, decentralized, bottom-up process resulting from two developments of the 1980s: the collapse of global communism and the demise of the Third World's romance with import substitution. The fall of the Berlin Wall and the final disintegration of the Soviet empire two years later released

  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