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Globalization - Essay

Globalization

Globalization is the tendency of businesses, technologies, or philosophies to spread throughout the world. Like Thomas L Friedman argues in his book Ť The world is flat ť, globalised trade, outsourcing, supply-chaining, and political forces have changed the world permanently, for both better and worse. He also argues that the pace of globalization is quickening and will continue to have a growing impact on business organization and practice. This essay will discuss the effects of globalisation. Firstly, it compares two different policies that developing countries have taken toward globalisation. Secondly, it provides a discussion about the effects of the financial crisis on developing ...

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capital. These markets are intertwined and economic collapse in one area could impact other areas. But the most influential aspect of globalisation is international investment. Investment can alter entire methods of production through transfers of knowledge, technology, and management techniques, and thereby can initiate much more change than the simple trading of goods. Foreign Direct Investments (FDI) helped a lot of countries to make a constant economic growth. FDI has brought management techniques, technologies and knowledge, and thereby are more influential than trading of goods and services. But skeptics think that the flow of international capital to developing countries can't stimulate the process of economic growth and development because such flows are mainly in the form of international bank loans, export credits, official development finance and bond issues with short term maturity, which serve the purpose of facilitating the import dependent behaviour of the developing ...

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"Globalization." Essayworld.com. March 29, 2011. Accessed November 22, 2024. http://www.essayworld.com/essays/Globalization/97110.

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PAPER DETAILS

Added: 3/29/2011 07:15:34 PM
Submitted By: Charles69
Category: Business
Type: Premium Paper
Words: 1118
Pages: 5

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