Globalisation

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TABLE OF CONTENT

|S. NO. |TOPIC |PAGE NO. | |1 |INTRODUCTION |2 | |2 |ANTI-GLOBALISATION |2 | |3 |EFFECT ON EMPLOYMENT |3 | |4 |EFFECTS ON CHILD LABOUR |3 | |5 |EFFECTS ON ENVIRONMENT |4 | |6 |EFFECTS ON SOCIETY |5 | |7 |PEACE DUE TO GLOBALISATION |5 | |8 |CONCLUSION |5 | |9 |REFERENCES |6 |

GLOBALIZATION

1. INTRODUCTION

Globalization is the “process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications”(Simon, 2002). Globalisation is the most fascinated concept in the social science(Hirst and Thompson, 1999). It can be defined as the increased social and economic growth of the countries. The concept of globalisation is the global symbol for the country, it is a essential element for the countries economy as the business leaders are ready to face their companies for globalisation(Lechner and Boli, 2004). Globalisation helps the under developing countries to expose themselves to the wide range of opportunities and new resources internationally, which includes flow of goods across the countries. The trade between the nations helps the developing country to grow, shares the knowledge and cultural transformation(Tešić, 2012). Globalisation helps the developing countries to improve the transportation system and the communication system, using a satellite they can view the worlds event on a single frame. Globalisation is a key thing for imports and exports of goods, inflow and outflow of incomes between the nations(Wolf, 2004).

2. ANTI-GLOBALISATION

There are some developing countries, which has a hatred feeling towards globalisation which led to a movement called anti- globalisation. Globalisation in some developing countries has become a problem as there is a sudden change in education system (students get uneducated), taxes and social policies. Globalisation in the developing countries may cause fluctuations in the national economy, spending money on the public goods by raising taxes, livelihood of a peasant farmer is destroyed, wages were lowered because the standard of the labour was decreased, economic insecurity increased across the nation(Lechner and Boli, 2004). It generates crisis due to global financial market which lead to heavy cost of goods in the under developing economies(Wolf, 2004). It leads to the formal resignation of the democratic government in to the favour of the private corporation. The ideology of the government in the less developed country Is severe due to globalisation. The increase in the trade flow and FDI(foreign direct investment) led to income inequality in the developed country and the developing country. There may be so many changes in government due to globalisation,...
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