Globalization summary

And ofcourse the inequalities between trade and aid must happen,

Globalization is not working for the most poor people in the developing countries, because when there are lot of factories in the developing countries, the prices of the products also raise. Societies like Nepal people only think how companies can fulfill their basic needs, money for better living. While the companies create potential opportunities, poor people cannot take advantage of these unless they have education and access to assets such as land and credit.  In terms of such condition, How can globalization help poor people in developing countries to provide their basic needs, like rice, fish and other dairy food when they can’t have any advantage of it.

Economic activity…

     Economic in globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. The rapid growing significance of information in all types of productive activities and marketing are the two major driving forces for economic globalization. In other words, the fast globalization of the world’s economies in recent years is largely based on the rapid development of science and technologies, has resulted from the environment in which market economic system has been fast spreading throughout the world, and has developed on the basis of increasing cross-border division of labour that has been puncture down to the level of production chains within enterprises of different countries. Mostly located in , Eastern , and Southern and Eastern .

Quick note: on the reason that the companies decide to go global.

1. To use its resources at optimum level.
2. To promote and make awareness of Company in global market.
3. To gain duty free import of raw material.
4. To gain more & more confidence of Local Government and domestic customers.
5. To earn more profit as global market is a very huge market.

Picture of Shanghai Starbucks, when the

company was recently forced to change its name and picture.