scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 3,035
Anthony Giddens a famous London sociologist defines globalisation as a decoupling of space and time emphasising that with instantaneous communications knowledge and culture can be shared around the world simultaneously Globalisation refers to the increasing integration of economies around the world particularly through trade and financial flows It can also refer to the movement of people labour and knowledge technology across international borders Globalisation is based on a free market ideology and the push towards liberalisation the removal of barriers and the removal of currency restrictions The emergence of political and trading blocks such as the EU NAFTA and international institutions for example WTO IMF and the WB etc The Terrorists attacks on the United States the spread of aids and the outbreak of SARS are all aspects of globalisation Rapid growth and poverty reduction in China India and other countries that were poor twenty years ago is another form of globalisation The development of the Internet easier communications and cheaper transport have enhanced globalisation Globalisation describes how other people governments businesses and decision-makers affect countries and their citizens This has all come about because communication is faster transport is cheaper and the connections are more immediate and intense than ever before The telephone which first connected towns now connects the world and optic fibre transmits data money email and knowledge from business to business and home to home across the world Advantages of Globalisation Global markets promote efficiency through competition and the division of labour More opportunities are created for people and businesses to enter into larger markets worldwide by giving greater access to more capital flows technology cheaper imports and larger exports markets Since the Second World War we have seen a rise of the general Agreement on tariffs and Trade and its successor the World Trade Organisation WTO This has led to an increase in world trade and an increase in
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA