Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: How has globalization affected the work environment, personal relationships, and economy?
A: The effects of Globalization are manifold, affecting various aspects of the world economy to bring about overall financial betterment. [ The effects of Globalization exert intense influence on the financial condition as well as the industrial sector of a particular nation. Globalization gives birth to markets based on industrial productions across the world. This in turn, widens the access to
a diverse variety of foreign commodities for consumption of the customers, owing to the marketing strategies undertaken by different corporations. In the world economic arena, Globalization facilitates the formation of a common worldwide market, on the basis of the liberal exchange of both cash and kinds. As far as Political Globalization is concerned, it helps in the formation of a world government to normalize the existing interactions among countries. It also ensures the rights emerging out of Economic and Social Globalizations. Promotion of liberal trading activities is perhaps the greatest contribution of Globalization, acting as a boon to the world economy. Following are the advantages enjoyed by countries engaged in mutual free trades: Considerable reduction in the cost of transportation, especially with the development of containerization with respect to overseas ocean shipments Decrease or abolition of control over capital and the capital market Formation of free zones for carrying out commercial activities, against payment of little or no tariffs at all Decrease, abolition or synchronization of subsidies in domestic trades Decrease or abolition of every kind of tariffsHowever, the concept of free trade emerging from Globalization suffers from limitations as well: Restrictions imposed on the supernatural identification of intellectual properties. This means that the patents granted by a particular nation will by recognized in another country. Synchronization of intellectual asset laws across most states are subject to additional restrictions. ]
Expert answered|Greenpepper|Points 2868|
Question
Asked 6/12/2011 6:52:20 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,916,700 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
Popular Conversations
Phototropism
Weegy: Geotropism is the growth response of a plant in response to gravity. User: Which type of plant was the last to ...
5/16/2018 8:45:28 AM| 2 Answers
2. Which of the following is not an example of a nontraditional ...
Weegy: Law firm is not an example of a nontraditional health information technology setting. User: 3. Good coding ...
5/16/2018 10:46:59 AM| 2 Answers
Given the formula E = IR what is the formula for R? A. ...
Weegy: Given the formula E = IR, the formula for R is R = E/I. User: Solve this equation: 80 = 3y + 2y + 4 + 1. ...
5/16/2018 11:47:29 AM| 2 Answers
Strike-slip fault
Weegy: In a strike-slip fault, the rocks on either side of the fault slip past each other sideways. TRUE.
5/17/2018 3:51:47 PM| 2 Answers
Which is not a responsibility of the president
5/18/2018 10:17:31 PM| 2 Answers
S
L
Points 226 [Total 237] Ratings 0 Comments 226 Invitations 0 Offline
S
R
L
R
P
R
Points 216 [Total 658] Ratings 0 Comments 26 Invitations 19 Offline
S
L
Points 130 [Total 130] Ratings 0 Comments 20 Invitations 11 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
Points 113 [Total 13198] Ratings 0 Comments 103 Invitations 1 Offline
S
Points 30 [Total 30] Ratings 0 Comments 0 Invitations 3 Offline
S
Points 14 [Total 14] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 0 Comments 3 Invitations 1 Offline
S
Points 13 [Total 13] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
L
1
R
Points 11 [Total 1416] Ratings 0 Comments 1 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.