last change of my draft

Essay question:
Summarise the main effects of globalisation and discuss to what extent they are beneficial to your subject area.

Word count: 183 words

Plan:
1. Introduction

2. Media
3. Culture
4. Politics

5. Business
6. Economic

7. ConclusionFrom 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. However, contrary to popular beliefs, some people argued that it is generally unfair 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, and then particularly consider how far it impacts on my subject - business and economics- positively.

The global massive media system was formed has been changing in recent years.

Diversified culture has been happening and progressively replacing the mere culture in one country.

Some international organisations have been established to link each country’s politics closer.

International business has been brought lower labour-cost for investors but higher benefits just for some multinational firms.

The important aspects of each country‘s economy has been changing manifestly as a result of trade liberalisation.