Impact Of Globalisation

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Introduction Gibson-Graham(2006) defined globalisation as”a set of process by which the world is rapidly being integrated into one economic space via increased international trade,the internationalisation of production and financial markets,the internationalisation of comedy culture promoted by an increasingly networked telecommunication system”(p.120) Globalization is a link between nations and local regions.Ther exists a connection social and economic relationshipsGlobalization can refer to those spatial and temporal processes of change, which constitutes the fundament of the transformation.It shows the expansion of human reach around the world. “Economic globalization -- the free worldwide flow of capital, goods, and labour is both…show more content…
A number of important global Institutions have been created to help perform material and regulatory functions such as policing the global market and promote establishment of MNC.The social revolution that is and that has been taking place has a great deal of consequence in modern globalisation. ” Today Globalization is more shifted to integrated and interdependent world…show more content…
Policymakers worked to prepare their societies for a world of ever-increasing interconnectedness and relentless competition. The challenge is to sell the benefits of ongoing globalization to the public, to make sure those benefits materialize.In retrospect, signs of the current slowdown in globalization have been obvious for some time. Major participants in the process have always had very different ideas about how the integration should occur. As a result, what often looked like a single, steady process turns out to have been conducted along two, sometimes contradictory tracks. “Globalization must be addressed from extension, intensity, and impact on of all aspects of life”. On one side of the ideological stood the United States. Washington's approach to globalization. U.S made their own rules and has always been skeptical of global rules.However, the United States has offered modest support for International Organizations but never at the expense of its own role in the world economy. This approach has been effective from the United States' perspective, as it has placed the country firmly at the center of global
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