Positive impacts of globalistation
It brings Wealth and foreign currency to local economies when they buy local resources, products and services; extra money could be put to good cause such as education, health and infrastructure
Intro what it is 250
Para positives 300
Para negatives 300
Globalisation is the process of interconnection and transfer of trade and cultural identities between various countries. This process has allowed large corporations, predominately from the western world, to expand and become Multinational Corporations (MNC’s) or Transnational Corporations (TNC’s) and this is done by opening branch’s and means of business in several different countries. A popular example of this is McDonalds as the company was originally opened in 1955, California and now in 2013 has over 30,000 restaurants in 195 countries. As it is difficult to regulate this process, some MNC’s are responsible for the exploitation of globalisation and it is evident that there are both a large number of organisations doing so and also various ways to do it. On the other hand, there are several benefits of globalisation which are overshadowed by the negative implications. Some examples of this include the positive affects the process has over a developing economy and also the sharing of concepts and experiences can give any country, regardless of their economic strength to learn about native foods, music and other merchandises not previously accessible in their countries. Globalisation’s relevance is due to the persistent concerns of communities feeling that their identities are becoming somewhat over shadowed by one of which from a foreign land. The example used to illustrate the argument of globalisation on local identities is Hip-Hop music and this was chosen because it is a strong example of Westernisation as it has...