A Brief look at Globalization - 614 Words

Introduction Nowadays the world has now evolved into becoming a global village and business organisations are in one way or the other operating in interconnected global economies. Globalisation has increased the awareness all parts of the world. For example, the UK was quickly made aware of the 2004 tsunami tidal wave and sent help rapidly in response, this are few of the positive changes made by globalisation. Although many look at it as a threat to the survival of international business, others view this development as an opening for the growth of businesses. This essay will discuss what makes globalization a threat and also how it has affected the world and the market economy. Globalisation According to Brooks, Weather stone and Wilkinson (date) defines globalisation as a process, of an idea that changed a product of the development international business across the global limitations and the behaviours of trade events in others country, the improvement that came as a effect of changes in world trade environment. Globalisation defines as a method that refers to the evolution of inter-dependencies between nationwide markets and businesses in a worldwide measure†. Weatherstone and Wilkinson (2011, p.308). Globalisation is generally referred to closely assimilated economies global, in which products, societies are moving additional simply and in larger capacity of value entirely on the globe (Wall, Minocha and Rees, 2010, p.13). This may be clear as an original worldShow MoreRelatedBook Report on Anthropology of Globalization by Lewellen1571 Words   |  7 PagesSo much more to be said, but I stop here. 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