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

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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.

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