I changed my draft again. Everyday i recognise a mistake or a lot of mistakes in my first draft. It is difficult to have a good essay with clear idea for everyone to understand, isn't it? I hope it is much better than before so that what i did will be meaningful.
1. Introduction
2. Media
3. Culture
4. Politics
5. Business
6. Economic
7. Conclusion
Essay question:
Summarise the main effects of globalisation and discuss to what extent they are beneficial to your subject area.
From the late 1980s to early 1990s, the financial and investment market was operated largely. Its gradually growing scope started to across the border of a nation. In consequence, the original appearance of what so-called ‘globalisation’ became a new business method as well as a practical solution to run the financial market. According to Collins (Guardian 2002), “Globalisation – whatever that means” (economics editor Evan Davies) is a ‘result of deregulation and improved communications’. Many agreements have been signed between one country and many another ones, many new laws have been issued to follow the current trend of the world. Modern information technology has made our lives more convenience. It is widely believed that globalisation is effective remedy to improve the life quality and to reduce poverty. Contrary to popular beliefs, some people argued that it is unfairly beneficial to everyone and its negative effects are widening the gaps between rich and poor worldwide. This essay will cautiously examine two sides of its main effects on some certain areas, particularly to consider how far its positive impacts on my subject - business and economics.
International trade activities are taking place between company and other company from different countries rather than the scope of the same country. That requires a continuous development of technology to communicate everyone all over the world. The global massive media system was formed and has been improving in recent years.
Diversified culture has been happening and progressively replacing the mere culture in one country. A European people can eat the tropical fruits such as durian, blue dragon, litchis in their countries where they cannot be grown or difficult to grow. Moreover, one people can go abroad easily or even immigrate in another country that never happens without multinational agreement signed among countries.
Some international organisations have been established to link each country’s politics closer. G7, European Nations (EU) and World Trade Organisation (WTO) are the pattern examples. The unstable politics of one country will be intervened or supported dramatically by other countries if this country was a member of these organisations.
Political instability is one of many leading reasons to decide how much the volume of capital investment is in a country. The investors usually estimate when they receive profit back, the level of risk of the capital investment in where its politics is safe as their speculation. Thanks to international integration and such a calculation, world trade including export, import, domestic manufacture has significantly increased more than 100 times (from $95 billion to $12 trillion) since 1955 (BBC News 2007). International business as the engine of globalisation has been brought higher benefits and lower labour-cost for multinational firms.
The important aspects of each country‘s economy has been changing manifestly as a result of trade liberalisation. In recent research of Dollar and Kraay 2001b, annual economic growth rate has remarkably increased among trade liberalizers and better than the non-globalising developing countries. However, there is a steady decline in growth in rich countries.
1. Introduction
2. Media
3. Culture
4. Politics
5. Business
6. Economic
7. Conclusion
Essay question:
Summarise the main effects of globalisation and discuss to what extent they are beneficial to your subject area.
From the late 1980s to early 1990s, the financial and investment market was operated largely. Its gradually growing scope started to across the border of a nation. In consequence, the original appearance of what so-called ‘globalisation’ became a new business method as well as a practical solution to run the financial market. According to Collins (Guardian 2002), “Globalisation – whatever that means” (economics editor Evan Davies) is a ‘result of deregulation and improved communications’. Many agreements have been signed between one country and many another ones, many new laws have been issued to follow the current trend of the world. Modern information technology has made our lives more convenience. It is widely believed that globalisation is effective remedy to improve the life quality and to reduce poverty. Contrary to popular beliefs, some people argued that it is unfairly beneficial to everyone and its negative effects are widening the gaps between rich and poor worldwide. This essay will cautiously examine two sides of its main effects on some certain areas, particularly to consider how far its positive impacts on my subject - business and economics.
International trade activities are taking place between company and other company from different countries rather than the scope of the same country. That requires a continuous development of technology to communicate everyone all over the world. The global massive media system was formed and has been improving in recent years.
Diversified culture has been happening and progressively replacing the mere culture in one country. A European people can eat the tropical fruits such as durian, blue dragon, litchis in their countries where they cannot be grown or difficult to grow. Moreover, one people can go abroad easily or even immigrate in another country that never happens without multinational agreement signed among countries.
Some international organisations have been established to link each country’s politics closer. G7, European Nations (EU) and World Trade Organisation (WTO) are the pattern examples. The unstable politics of one country will be intervened or supported dramatically by other countries if this country was a member of these organisations.
Political instability is one of many leading reasons to decide how much the volume of capital investment is in a country. The investors usually estimate when they receive profit back, the level of risk of the capital investment in where its politics is safe as their speculation. Thanks to international integration and such a calculation, world trade including export, import, domestic manufacture has significantly increased more than 100 times (from $95 billion to $12 trillion) since 1955 (BBC News 2007). International business as the engine of globalisation has been brought higher benefits and lower labour-cost for multinational firms.
The important aspects of each country‘s economy has been changing manifestly as a result of trade liberalisation. In recent research of Dollar and Kraay 2001b, annual economic growth rate has remarkably increased among trade liberalizers and better than the non-globalising developing countries. However, there is a steady decline in growth in rich countries.
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