Argument 3 Precis 4 1.What is globalization? 5 2. Benefits of globalization 8 3. Problems of globalization 9 4. Balancing the scales 10 Bibliography 11
" The process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications" is globalization in Collins's opinion. Globalisation, the unavoidable process which the world entered , is affecting everyone of us in different ways, sometimes right, other times not so right. So, I have chosen this subject to reveal the importance that it has upon us in every day of our life. Globalisation can be seen as a positive, negative or even marginal process. And regardless of whether it works for good or ill, globalisation's exact meaning will continue to be the subject of debate among those who oppose, support or simply observe it. Ultimately , my intention is to draw a parallel between globalisation's costs and benefits centring round the issue of balancing this scales. PRECIS The first chapter refers to general meaning of globalization and its spreading areas with the influences that occur in every specific sector. In the second and third chapter I choose to present the pro-globalisation's facts, respectively the anti-globalisation forms and problems that came along with this globalised world. The last chapter, the fourth one, is presenting a balanced globalization which we hope to have. 1. WHAT IS GLOBALISATION? There are many different definitions of globalisation, but most acknowledge the greater movement of people, goods, capital and ideas due to increased economic integration which in turn is propelled by increased trade and investment. It is like moving towards living in a borderless world. There has always been a sharing of goods, services, knowledge and cultures between people and countries, but in recent years improved technologies and a reduction of barriers means the speed of exchange is much faster. Globalisation provides opportunities and challenges. Bigger markets can mean bigger profits which leads to greater wealth for investing in development and reducing poverty in many countries. Weak domestic policies, institutions and infrastructure and trade barriers can restrict a country's ability to take advantages of the changes. Each country makes decisions and policies that position them to maximise the benefits and minimise the challenges presented by globalisation. The issues and perceived effects of globalisation excite strong feelings, tempting people to regard it in terms of black and white, when in fact globalisation is an extremely complex web of many things. Globalization refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological
1.STIGLITZ, JOSEPH E., Globalizarea. Sperante si deziluzii, Editura Economica, Bucuresti, 2003. 2. Ulrich Beck, "Ce este globalizarea?" Bucuresti 2003, Ed. Economica 3.www.wikipedia.com
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