UNEP is taking action and is outlining a plan to reduce this giant risk of hunger and to prevent the crisis from happening again and at a larger cost.
Itulua-Abumere Benifits and Problems of Globalization by: Abumere Published by uPublish. Hill simply defines globalization as "the shift towards a more integrated and inter-dependent world economy" quoted in Hill, p.
Anthony Giddens define globalization from sociological perspective as "the growing independence between different peoples, regions and countries in the world as social and economic relationships come to stretch worldwide" Giddens, p.
The concept of globalization is one that has become widely used in debates, in politics, businesses and the media over the past few years. A decade ago the term 'globalization' was relatively unknown.
Today it seems to be on the tip of everyone's tongue. Globalization basically is catered around the fact that we are increasingly living in 'one world', so that individuals, groups and nations become more independent.
Globalization is often portrayed solely as an economic phenomenon. Much is made of the role of transnational corporations TNCs whose massive operations stretch across national borders, influencing global production processes and the international distribution of labor.
Others point to the international integration of global financial markets and the enormous volume of global capital flows. Still others focus on the unprecedented scope of world trade, involving a much broader range of goods Managing globalization at sony services than ever before. Giddens, Although economic forces are an integral part of the globalization, it would be wrong to suggest that they alone produce it.
Globalization is created by the coming together of political, social, cultural and economic factors. It has been driven forward above all by the development of information and communication technologies that have intensified the speed and scope of interaction between people all over the world.
Dicken, ; Giddens, This now brings us to the beneficial aspects of globalization. Benefits of Globalization The benefits of today's globalization is centered on so many things but will be narrowed down to its benefits based on market and production.
The benefits on market lies in the fact that globalization is merging historic distinct and separate national markets into one huge global marketplace. Falling barriers to cross-border trade have made it easier to sell internationally.
It has been argued for some time that the tastes and preferences of consumers in different nations are beginning to converge on some global norm, thereby helping to create a global market. Levitt, Consumer products such as Coca-Cola, McDonald's, Starbucks and Sony are frequently held up as prototypical examples of this trend.
These firms are more than just benefactors of this trend. They are also facilitators of it. By offering the same products worldwide, they help to create a global market.
Department of Commerce, Benefits of globalization based on production is seen in the sourcing of services and goods from locations around the globe to take advantage of national differences in the cost and quality of factors of production such as labor, energy, land and capital.
By doing this, companies hope to lower their overall cost structure and improve the quality or functionality of their product offering, thereby allowing them to compete more effectively.
Metthee, Historically, significant outsourcing has been primarily confirmed to manufacturing enterprises such as Boeing and IBM, increasingly companies take advantage of modern communications technology, particularly the internet, to outsource service activities to low cost producers in other nations.
The lowering of trade barriers made globalization of markets and production a theoretical possibility. Technological change has made it a tangible reality.
Since the end of World War II, the world has seen major advances in communication, information processing and transportation technology, including the explosive Page 1 emergence of the internet and World Wide Web.
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