Explain Why the Phenomenon of Globalisation Tends to Be Regarded as an Inevitable Development, and Comment on What You Perceive to Be the Main Outcomes of the Globalised Economy to the Functioning of Government Departments.

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Explain why the phenomenon of globalisation tends to be regarded as an inevitable development, and comment on what you perceive to be the main outcomes of the globalised economy to the functioning of Government departments.

Table of Contents
Heading Page(s)
Introduction……………………………………………………………………..2 The concept of globalisation ………………………………………..............3 – 4 The benefits and challenges of globalisation …………………..…………4 – 6 The importance of globalisation with regards to development.....……….6 How globalisation impact on governance ……………………….................7 – 8 Main outcomes of the globalised economy to the functioning of a government department ……………………………….................................8 – 9 Conclusion……………………………………………………………………12

Bibliography…………………………………………………………………….13

INTRODUCTION

Globalisation has become a commonly used word world-wide. It is no longer a new concept or phenomenon in the academic and business world as social scientists, journalists, business analysts, management theorists, writers and commentators generally have at various times used and will continue to use the word in particular contexts for declared and undeclared purposes, with more or less effectiveness in their attempt to explain or interpret issues in this changing and complex world. It implies the concept of making the world a global village through the use of high standard of technology, sharing ideas and ensuring dynamic and rapid change.

According to Edwards (1998:372)) the driving forces behind economic globalisation are a reduction in transport and communication costs in the private sector, reduced policy barriers to trade and investment by the public sector, an increase in the availability of and access to information and technology, and the speed with which information and technology can be transmitted across national boundaries.

The most important aspects of economic globalisation therefore include the breaking down of national economic boundaries, the liberalisation of international trade, finance and production activities and the growing power of transnational corporations (TNCs) and international financial institutions. Economic globalisation therefore manifests itself in various forms such as an increase in international trade, financial flows and foreign direct investment.

Thinking about the unification and re-shaping of the world into a global village and the description of the dynamics of political and economic relations within it constitute the essence and the development of the new phenomenon globalization.

This paper focuses on the importance of the phenomenon of globalisation. First, it discusses the concept of globalisation in general, which is characterised by the creation of borderless world in that distance and national borders no longer matter. Second, it analyses the benefits and challenges of globalisation. Third, it examines the importance and of globalisation with specific reference to development and the impact of globalisation on the governance. Fourth, it provides an analysis on the main outcomes of the globalised economy to the functioning of government department. Lastly it provides a conclusion with recommendations on key areas where improvements can be made and proposes a way forward to making those improvements.

1. THE CONCEPT OF GLOBALISATION
1.1 DEFINITION
GLOBALISATION refers to the increasingly global relationships of culture, people, and economic activity. Globalization may contribute to economic growth in developed and developing countries through increased specialization and the principle of comparative advantage. Globalization can be thought of as a process which embodies a transformation in the spatial organisation of social relations and transactions - assessed in terms of their extensity, intensity, velocity and impact - generating transcontinental or interregional flows, and networks of activity, interaction, and the...
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