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
Ask a question
Not a good answer? Get an answer now. (FREE)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
which life stage does nutritional issue might cause the most problems ...
Weegy: Malnutrition is a common problem in cancer patients that has been relief from nutrition impact symptoms and ...
4/19/2014 1:18:55 AM| 5 Answers
Pax Romana lasted from the reign of
Weegy: Pax Romana lasted from the reign of: Marcus Aurelius.
4/19/2014 4:45:15 PM| 3 Answers
Energy from sunlight is harmful to our skin.
4/19/2014 4:02:26 AM| 2 Answers
Helen's sign for her mother was touching her hand to her
Weegy: forehead User: The students at Perkins Institute sent Helen a(n): Weegy: The students at Perkins Institute ...
4/19/2014 7:05:08 AM| 2 Answers
(3+ (6)) (6+ 5)=
Weegy: (3+6)(6+5) 9 + 11 = 20
4/19/2014 8:54:53 AM| 2 Answers
As temperature increases, the speed of ...
Weegy: No, it decreases because when temperature is low water is present in atmosphere which let sound to go fast
4/19/2014 1:04:54 PM| 2 Answers
Read the argument below and answer the question that follows. All ...
Weegy: The answer would be D. Premise: All football players are required to attend weekly strengthening workshops. ...
4/19/2014 5:11:29 PM| 2 Answers
a common time killer
Weegy: Kill: To put to death. b. To deprive of life User: what does gas means Weegy: Methane.
4/19/2014 9:00:16 PM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1541 [Total 6928]| Ratings 0| Comments 1541| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1453 [Total 9334]| Ratings 0| Comments 1453| Invitations 0|Offline
S
1
L
1
L
P
Points 480 [Total 7157]| Ratings 1| Comments 470| Invitations 0|Offline
S
L
Points 405 [Total 2852]| Ratings 2| Comments 375| Invitations 1|Online
S
R
Points 175 [Total 287]| Ratings 5| Comments 105| Invitations 2|Offline
S
Points 163 [Total 579]| Ratings 0| Comments 163| Invitations 0|Offline
S
Points 154 [Total 154]| Ratings 6| Comments 74| Invitations 2|Online
S
1
Points 154 [Total 484]| Ratings 3| Comments 124| Invitations 0|Offline
S
Points 133 [Total 777]| Ratings 1| Comments 123| Invitations 0|Online
S
L
1
1
1
Points 119 [Total 3385]| Ratings 6| Comments 59| Invitations 0|Offline