Globalisation is the network and integration of different countries in the world politically, economically, culturally , educationally and socially. Globalisation has begun after the World War Two, as the world trade grown fast and that was the engine for the growth.
This is the product of the industrial revolution.
There was an increase of free movement of goods as well as an increase of flows of money, transfers.But there is a view of point that the world distribution of wealth and income is highly unequal. The richest 10% of households in the world have as much yearly income as the bottom 90%. Wealth - total assets rather than yearly income – is even more unequal. The rich are concentrated in the US, Europe and Japan, with the richest 1% alone owning 40% of the world's wealth. Poverty, on the other hand, is widespread across the developing countries - which have five-sixths of the world's population. But it has fallen sharply in China.
The effects of globalization:
1.Industrial - broad access to a range of foreign products for consumers and companies. Particularly movement of material and goods between and within national boundaries.
2. Financial - worldwide financial markets and better access to external financing for borrowers.
3. Economic - realization of a global common market, based on the freedom of exchange of goods and capital.
4. Political - creation of political relations between the governments.
5. Informational - information flows between different regions of the world, which include: internet, communications, satellites, telephony.
6. Cultural - cross-cultural contacts.
7. Ecological - the advent of global environmental challenges that might be solved with international cooperation, such as climate change, cross-boundary water and air pollution, over-fishing of the ocean, and the spread of invasive species.
8. Social - international circulation by people of all nations.
9. Technical - the development of telecommunications infrastructure.
10. Ethical - the creation of international justice.
There is an anti-globalization movement , which is called anti-globalizm. Anti-globalization is a term used to describe the political stance of people and groups who oppose the neoliberal version of globalization.Participants of the movement stand in opposition to the unregulated political power of large, multi-national corporations, and the powers exercised through trade agreements.
My sources of information:
1 comment:
There are some good ideas, here, Gulya, but globalisation began long before the second world war. Some work needed on tenses - past and present perfect.
Steve Gattey
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