Question and answer
How has globalization affected the work environment, personal relationships, and economy?
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.
19,780,845 questions answered
Popular Conversations
Simplify 8(x + 6) - 10 User: Simplify 8(R + 6) - 2R. User: Simplify ...
Weegy: The answer is x^2 User: Simplify 12 + 3(2x - 3) + 4. Weegy: 12 + 3(2x - 3) + 4. = 12 + 6x - 9 + 4; = 6x + ...
3/3/2015 12:14:01 PM| 14 Answers
t Object]User: Write 5,000,039 in scientific notation. User: Find ...
Weegy: Here are some characteristics of grace and forgiveness: patience, kindness, mercy, unconditional love, empathy, ...
3/3/2015 11:59:55 AM| 8 Answers
What is the midpoint of a segment whose endpoints are (14, 7) ...
Weegy: The midpoint of the line segment whose endpoints are (3, 10) and (7, 8) is: (-2, 5). M = [(x2 + x1)/2] , [(y2 + ...
3/3/2015 10:30:58 AM| 7 Answers
The sum of the interior angles of a quadrilateral equals 360°.
Weegy: The sum of the interior angles of a quadrilateral equals 360 . This is TRUE. User: An exterior angle of a ...
3/3/2015 7:02:05 AM| 5 Answers
Simplify (-7/8)(-3/4).
Weegy: (-7/8) * (-3/4) = 21/32; User: Simplify (3/10)(-5/9). Weegy: (3/10) * (-5/9) = -15/90; = -1/6 User: ...
3/3/2015 9:37:06 AM| 5 Answers
Evaluate 5x3 + 2 for x = -1.
Weegy: 5(-1)^3 + 2 = -5 + 2 = -3 . which is B User: Simplify 9 - {x - (7 + x)}. User: Simplify 6r · s · 4rt. ...
3/3/2015 12:50:12 PM| 4 Answers
Which of the following equations is the translation 2 units up of the ...
Weegy: The following equation that is the translation 2 units down of the graph of y = |x| is y = |x| - 2. User: If ...
3/3/2015 9:03:04 AM| 3 Answers
Simplify 7(A - 6). User: Simplify 0.05x + 1.02x. User: Simplify ...
Weegy: b(a + b) - a(a - b) = ab + b^2 - (a^2 - ab) = ab + b^2 - a^2 + ab = 2ab + b^2 - a^2 User: Simplify 10x - 3x ...
3/3/2015 10:41:26 AM| 3 Answers
Simplify 6(x + 4). User: Simplify 12A + 2 + A - 1. User: Simplify ...
Weegy: If you Factor 2n+4, the answer would be 2(n+2).
3/3/2015 10:45:11 AM| 3 Answers
Which of the following values is farthest to the left on the number ...
Weegy: The value farthest to the left on the number line is 2. User: Find the value of 21 + 4(32 - 5). Weegy: 3-3 ...
3/3/2015 12:37:15 PM| 3 Answers
What is the equation of the line that passes through (4, -1) and (-2, ...
Weegy: y = (-2/5)x - 2 User: What is the equation of the line that passes through (-3, -1) and has a slope of ? ...
3/3/2015 3:06:50 PM| 3 Answers
Find the product. (0.5n 5)2(10n 7) 3
Weegy: Is there a second part to this question? such as C= 0.25n User: Find the product. (y 2)5 · y 8 Weegy: IF ...
3/4/2015 10:51:00 AM| 3 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 257 [Total 8143]| Ratings 0| Comments 257| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 81 [Total 7388]| Ratings 0| Comments 81| Invitations 0|Online
S
1
Points 54 [Total 965]| Ratings 1| Comments 44| Invitations 0|Offline
S
1
L
L
Points 52 [Total 7553]| Ratings 0| Comments 52| Invitations 0|Offline
S
Points 30 [Total 535]| Ratings 2| Comments 10| Invitations 0|Offline
S
Points 22 [Total 390]| Ratings 0| Comments 22| Invitations 0|Offline
S
Points 17 [Total 108]| Ratings 0| Comments 17| Invitations 0|Offline
S
Points 11 [Total 127]| Ratings 1| Comments 1| Invitations 0|Offline
S
Points 10 [Total 10]| Ratings 1| Comments 0| Invitations 0|Online
S
Points 10 [Total 240]| Ratings 1| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.