Summary : This is a 4-page in Business . The has 2 descents and is in APA format . The explains the means by which the benefits of globalisation can be maximized while minimizing the costsRunning Head : MAXIMIZING THE BENEFITS OF GLOBALIZATION WHILE MINIMIZING THE COSTSMaximizing the Benefits of globalisation speckle Minimizing the Costs[Name of Institution][Subject][Date]Maximizing the Benefits of globalization While Minimizing the CostsIntroductionNever in its history piece tolerate been so interdependent , interacted and well connected as today . The modern era of mass communication has glowering the entire planet into a village . The process has resulted in diffusing different ethnical and trends of the nations and communities The societies , which were once too outback(a) to be disturbed by any outside source , tillag e or trend , are under the poisonous assaults of globalization . The proceedss and disadvantages of globalization vary nation to nation . It is comprehend differently by the certain and developing nations . Despite alone the objections and concerns any nation and every commode has taken move to make up the advantages of globalization and evade the disadvantages . This impart discuss the measures by which benefits of globalization can be maximized and its costs can be minimizedWhat is GlobalizationThe condition Globalization refers to a complex process or quintuple processes , which result in the integration and interdependence economic exclusivelyy , culturally , policy-makingly and technologically . According to the Encyclopedia of Britannica Globalization is The sour by which the experience of every day action , tag by the diffusion of commodities and ideas , can foster a criterionization of cultural expressions around the world (Britannica , 2006 ) Thus global ization means the consequences and outcomes ! of the fundamental interaction of ideas , cultures traditions , technologies and norms , which are homogeneous and modelized by out the glob . Speaking in terms of political economy globalization is the convergence of prices , products , wages , rates of interest and pay toward developed country norms (Sharif , 2003 br.163 .
Economically globalization has made assertable the forgo monetary flow across the globe and enabled the corporation to become on foreign soil with greater flexibilityMaximizing the Benefits of Globalization While Minimizing Its CostsWorld nations whether developed or developing , multinational corp orations and businesses all have been trying their best to take full advantage of the change magnitude sphere of trade and economic growth . The statistics of the finis decade has shown that the benefits of globalization differ for countries due to the different in their political , economical and demographical situations . The developing nations may maximize the benefits of globalization by appealing large scale of foreign enthronization which will not only bring money , brisk applied science and foster economic growth but it will as well create new jobs and consequently increase the standard of living of that country . Major financing organizations may besides provide funds and aids at the times of crisis . some(prenominal) an(prenominal) newly developed countries of East Asia like Singapore Malaysia , Indonesia and southeastern United States Korea have achieve great economic growth and growing by heavy foreign investment and technology transfersOn the early(a) go through globalization...If you want to get a full ess! ay, ensnare it on our website: OrderCustomPaper.com
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