QUESTION 1

MR QUESTION 1 Explain what is meant by globalisation. Is it actually a myth? Globalization is the free movement of capital, goods, avail and labour around the world, by big commercial companies, which stand massive control of the worlds economy, transcending the boundaries of state and country. This transcendence across countries results in the shrinking of the economy and results on it depending on larger companies with a controlling interest in most of the capital within it.

This global control of capital comes through the transference of operations from superpower economies, to third world countries. This transference takes place for stringently economic gains, with companies seeking to take advantage of lower avenge and a large unskilled labor force. A genuinely good example of this is the footwear industry, in which footwear giants much(prenominal) as Reebok and Nike, regularly shift their manufacturing base to countries with lower make profit scales. Globalisation can be l...If you want to sign a full essay, order it on our website: OrderEssay.net

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