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

    around which RTA blocks are forming.91 c) Developing country issues The preamble to the Ministerial Declaration places the "needs and interests (of developing countries) at the heart of the Work Programme .... In this context, enhanced market access, balanced rules, and well targeted, sustainably financed technical assistance and capacity building programmes have important roles to play.

  2. "Legal control of multinational corporations: problems and prospects".

    And likewise, it does not detract from the important role NGOs must play as corporate 'watchdogs'. For these reasons, nearly all critics propose that an international framework, inclusive of, and supported by, national governments is the most cogent and convincing prospective method of regulation.

  1. Will trading fairly reduce world poverty?

    This maybe good for Fairtrade but it is only one supermarket which are doing this and not others. Hopefully this may encourage other supermarkets to sell Fair trade products. If people buy Fairtrade products, for what reason would they buy it for?

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

    The neo-liberal point on inequality is that it is due to other reasons such as political instability and corrupt regimes. Political instability is a common feature of politics in many countries of the "South". Many wars since 1945 have occurred in Third World countries for example in China, India, Nigeria and Rwanda.

  1. 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.

  2. Corruption and Globalisation - Both of them have been so pervasive in recent years. ...

    The publications regarding the problems of corruption by those organizations have increased the awareness of the costs to the world of this problem. 2. Corruption and Globalisation Corruption has been around for a very long time. From ancient China to United States, from old Greece to modern Japan, it is

  1. Does globalization inherently increase inequality or can it be made to work for the ...

    large scale poverty reduction in the 1990's were those countries that had became more open to foreign trade and investment (cited from http://www.worldbank.org). Also cited from the same article, two more commentators Shaohua Chen and Martin Ravallion estimated that in the countries that globalized during the post-1980 period, those people considered absolute poor (living on less that $1 per day)

  2. Comprehensive Anatomy of China

    As such, the peasant farmers had a great deal of authority in Chinese society. In contrast, educated elites and landlords were viewed with suspicion and many lost their land or were punished. Deng Xiaoping's policy's, which began to focus on education and human resources again in 1978, has modified this social structure to some degree.

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