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

What is Globalisation? The word "globalisation" can be defined as having many meanings

Extracts from this document...

Introduction

Research Project What is Globalisation? The word "globalisation" can be defined as having many meanings, depending on how one wish to interpret the true meaning of globalisation. Primarily, it can be seen as an economic phenomenon, which over the years has integrated national economic systems through international trade and investment. In general it can be used to describe the increased pace of interconnectivity that has taken place over the recent years in states and societies, which contribute to the present world system. Globalisation has been made possible due to technological advances, which can now allow information and products to travel much faster than previously, on ever widening geographical boundaries, making communication with people and companies much faster and easier. Albrow, M (1999) defines globalisation as 'a process in which constraints of geography of geography on social and cultural arrangements recede and in which people become increasingly aware they are receding'. There is distinction between economic, political, and cultural aspects of globalization, although all three aspects are closely intertwined. ...read more.

Middle

The Internet is used by a large majority of the world so the likelihood of contact and better organisation is greatly increased. I think this explanation is a valid and useful one in terms of the emergence of global social movements. The Internet allows groups such as the gay rights campaigners to contact supporters all over the world and increase membership and therefore creating a global social movement. (P Dunleavy, 2003) Globalisation has also resulted in many businesses setting up or buying operations in other countries. When a foreign company invests in a country, perhaps by building a factory or a shop, this is called inward investment. Companies that operate in several countries are called multinational corporations (MNCs) or transnational corporations (TNCs). McDonald's, the US fast food chain is a large MNC. It has nearly 30,000 restaurants in 119 countries. The majority of MNCs come from more economically developed countries such as the US and UK. Multinational corporations invest in other MEDCs the US car company Ford, for example, makes large numbers of cars in the UK. ...read more.

Conclusion

Since increasing wealth may be due to many causes. Having stated that technology and communications has created and accelerated the globalisation process, it is clear that it's a different story for those living in the Third World. Almost fifty percent of the world's population belong to the Third World. Such communications and technologies in these regions have severe constraints to the development or globalisation of these nations. Technology is yet to be introduced and utilised in these nations. In effect globalisation is making the rich richer and the poor poorer, countries in the third world cannot with those in the developed world. The Third World has very poor infrastructures and resources. If these countries are part of the globalisation process, then it has an adverse affect on them, to the ignorance of the rich nations who have succeeded in becoming globalised. However what is essential is that technology alone will not hold the key to all aspects; hence a great deal of investment in human and physical resources is essential to accompany technological advances. ?? ?? ?? ?? 3131477 Doing Social Sciences Page 18 ...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

    Advantages and disadvantages of Globalisation. Need for development.

    4 star(s)

    The 3rd world is struggling to break away from dependency. We would gain from this, not just the boost to world growth from more specialization and C.A. but also a more prosperous world would not resort to growing drugs nor be unstable and turn to wars or support terrorism.

  2. Comprehensive Anatomy of China

    The All China Federation of Trade Unions (ACFTU) is closely tied to the CCP and acts as the central hub from which all other unions are an extension. In contrast to the industry specific unions, the ACFTU doesn't play a role in the protection or promotion of worker's interests.

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

    The Doha Ministerial Declaration states that "without prejudging the outcome of the negotiations we commit ourselves to comprehensive negotiations aimed at: substantial improvements in market access; reductions of, with a view to phasing out, all forms of export subsidies; and substantial reductions in trade-distorting domestic support".84 Market access negotiations now

  2. Globalisation of GAP

    Both businesses will expect to gain from the venture. The partnership includes the original company who then teams up with a local company in the foreign market who has the knowledge of the market and already has established distribution links etc. An example of joint ventures could be Coca Cola who have entered joint ventures with bottling companies.

  1. Has globalisation widened or narrowed the gulf between rich and poor countries

    the conditions in which productive engagement in the world economy is possible.3 So this supports the idea that globalisation does not do harm because far too many countries are not a part of the process. Therefore for this reason it can be argued that globalisation does not increase the gap between rich and poor countries.

  2. How the process of Globalisation might have affected the position of labour in industrialized ...

    Figure 3 Figure 4 However, trade liberalisation may result in a permanent reduction in relative demand for low-skilled labour in the industrialized countries22; that in turn leads to a relative fall in low-skilled wages (Stolper-Samuelson Theorem23). The debate here is that on the other hand, it also might result in

  1. Discuss Globalization.

    As well as protecting the domestic economy as a whole by using import restrictions, government use similar protectionist measures to protect specific industries for a number of reasons. The first of these is to enable infant industries to grow. Infant industries are newly established industries that have not grown to the size where they can benefit from economies of scale.

  2. Write a written report on Globalisation

    [16] For example, call centres comprise of members of staff with low-cost English speaking workers in the Philippines and India, and IT work performed by low cost programmes in India and Western Europe.

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