(176 words-intrduction)
From the late 1980s to early 1990s, the financial and investment market’s gradually growing scope started to across the national borders. 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 a country and other ones. Many new laws have been issued to follow the current trend of the world. Modern information technology has made our lives more convenient. It is widely believed that globalisation is an 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 widen 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.
From the late 1980s to early 1990s, the financial and investment market’s gradually growing scope started to across the national borders. 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 a country and other ones. Many new laws have been issued to follow the current trend of the world. Modern information technology has made our lives more convenient. It is widely believed that globalisation is an 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 widen 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 kind of global mass media has been changing in recent years. It is a result of a continuous development of technology to communicate everyone all over the world in international transactions. Communication is made with a cheaper cost by telephone, email, fax faster than before and even conducted visually to share the vital information by internet. Nevertheless, a threat of controlling a world media is possibly occurred in fast integrated countries. Many new communicated means is produced with various price by international companies when those countries open the market. The content of media also changed by powerful corporation will limit locally cultural expression.
Diversified culture is happening and progressively replacing the simple 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. For example, everything can be found in London with a lot of immigrants in the world. A diversification of language is obviously seen in London. However, some local words and traditional values are disappeared from cultural integration. Nowadays young people often live with their children in their own house rather than with their parents in a big one. A full of sexual, materialistic lifestyle formed in their thinking is effected by Western culture and by the complexity of many other factors.
In terms of politics, 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. A standard rules is built in such an organisation to apply for all member countries. Moreover, the unstable politics of one country will be supported dramatically by other countries. Strategic management policy is reformed and implied conformably to reason and sentiment to adapt the world’s political environment. On the other hand, the dark side of this aid is the deeply intervention in weak political countries. The United States’ political power has governed some countries in wide and deep way. This leads to a number of serious problems on many aspects in the world’s market.
(347 words)
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