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Discuss the impact of globalisation on the global market and the world trade

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Discuss the impact of globalisation on the global market and the world trade
Discuss the impact of globalisation on the global market and the world trade

Globalisationhas become one of the most controversial topics in academic literature. This is not surprising since this discussion is a reaction to the current situation in the world, where impacts of globalisationhave influenced every aspect of our lives. Globalisation can be described as the complex processwhich addressesthewidespread and interchanging cultures, languages, technologies among others. However, the most noticeable impact of globalisationseems to be the global access to the same goods and services, which are produced by the same global companies. This fact means that not culture or language, but rather global market has become the leading force of globalisation.
As a consequence, national markets cannot develop without adhering to the tendency of the globalisation and changing in accordance with the global market. Even though creating one global market instead of having a variety of national markets seems to be a positive direction, the impacts of this increasingly globaliseddirection remain considerable and controversial.
This essay will examine both the positive and negative impacts on the three main branches of the global market: world trade, taxes and investments, in order to demonstrate the influence of globalisationon this global market. In addition, this essay explains why globalisation has mostly had a negative impact on the world trade and the global market.
At the beginning, this paper will examine theimpacts of globalisation on the world trade. The worldtrade,as the main branch of the globalmarket,has been highlyimpactedbyglobalisationforseveralreasons.The first reason is the development of new technologies, which has addressedthe existence of new methods of trading all over the world.The Internet and the huge international trade-platforms havemostly contributed to the increasing growth of the trade.The second reason is the
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