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.
17,143,743 questions answered
Popular Conversations
3(y+6)>2(y+4)
Weegy: Here are some characteristics of grace and forgiveness: patience, kindness, mercy, unconditional love, empathy, ...
8/26/2014 7:12:17 AM| 4 Answers
Which number is equivalent to the fraction 15/7?
Weegy: 1/100 is equivalent to 1%. 1/100 = 0.01 = 1% User: Find the LCM of 9 and 15. User: what is 180/10 reduced ...
8/26/2014 9:27:35 AM| 3 Answers
(x2 + 3x + 1)(x2 + x + 2) write your answer in descending powers of x ...
Weegy: 15x+2. If you are satisfied with my answer, please click 'Good' on the ratings. Thank you!
8/26/2014 10:57:24 AM| 3 Answers
What is Necrosis?
8/26/2014 12:27:04 PM| 3 Answers
Which of the following is not a group of people who influenced ...
Weegy: The answer is B. Celts. User: The Old English language relied on to communicate relationships between words. ...
8/26/2014 3:51:39 PM| 3 Answers
who is the president of mexico?
Weegy: The current US president is Barack Obama. User: fema Weegy: I will search you for the answer of fema exam if ...
8/26/2014 5:27:45 PM| 3 Answers
credibility
Weegy: Credibility refers to the objective and subjective components of the believability of a source or message. ...
8/26/2014 7:42:27 AM| 2 Answers
impertive mood
8/26/2014 8:25:18 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 2274 [Total 23874]| Ratings 3| Comments 2244| Invitations 0|Offline
S
L
1
L
Points 1897 [Total 5873]| Ratings 6| Comments 1837| Invitations 0|Online
S
L
C
P
C
1
L
L
Points 1833 [Total 15447]| Ratings 10| Comments 1733| Invitations 0|Online
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1671 [Total 16698]| Ratings 5| Comments 1621| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1663 [Total 9370]| Ratings 2| Comments 1643| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 859 [Total 18430]| Ratings 0| Comments 859| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 493 [Total 11154]| Ratings 1| Comments 483| Invitations 0|Offline
S
1
L
L
Points 473 [Total 5037]| Ratings 0| Comments 473| Invitations 0|Offline
S
Points 352 [Total 352]| Ratings 2| Comments 302| Invitations 3|Offline
S
Points 321 [Total 524]| Ratings 1| Comments 311| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.