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What is globalisation?

Globalization pretty much means global business. Globalization is when countries transport goods and many other things over the border to Another Country. Many people think that this world has no borders because we are so connected but others complain that globalization is making the rich richer and the poor poorer. OR We can put our business on global level. As far as user is concerned he can get what he wants in any country and as far as a company is concerned, it can get customers through out the world. The use by wealthy companies of the cheapest labour in any part of the world to drive down the cost of production there increasing profit. But also globalisation is not just only business. It's an exchange of politics, trade, technology, services and economics between countries. It's basically the world getting smaller. Like China town in Melbourne; a perfect example. Globalisation has increased rapidly since the end of the cold war, and this is because it thrives under capitalist conditions. Globalisation is a concept. Globalisation can bring benefits like new technology, and peace between nations through trade. Negative effects are like the gap between the rich and the poor widening. It's a huge concept.


What is need for globalisation?

There isn't so much a need for globalisation as a natural transition towards it. Consumers in the rich countries want to take advantage of the poverty and the resulting low labour prices in the poor countries. The poor countries see this as a way of getting out of the hole they are in and end up improving their lifestyle slowly but surely. Hi i am doing a geography project and i need to know "Does Globalisation need to change?" could anyone answer my question please? x


Why there is a huge gap between rich and poor in developing country?

Due to lack of financial resources there is a huge gap between rich and poor developing country.


What is the difference between rich and the poor?

The rich generally have more economic and political power than the poor.


What are the convergence predictions of the Solow model?

From an economic standpoint, between a rich and a poor country, the poor country will converge more rapidly.

Related Questions

How has globalisation affected the UK?

By the u kbeing poor and dealing with China.


What Indian attitudes are towards globalisation?

the attitudes that are towards globalisation is that the Indians use cross bows


What events contributed to immigration?

Immigration is contributed to an economic collapse, crime, and poor living conditions.


What was on human condition that contributed to the spread of the plague?

poor hygiene


Since 1960 the gap between the rich and the poor has increased or decreased?

Since 1960, the wealth gap between the rich and the poor has generally increased in many countries around the world. Factors such as globalization, technology advancements, and changes in economic policies have contributed to this widening gap.


What was the sp500 all time high?

may 31,2007 standard and poor closing price


What is globalisation?

Globalization pretty much means global business. Globalization is when countries transport goods and many other things over the border to Another Country. Many people think that this world has no borders because we are so connected but others complain that globalization is making the rich richer and the poor poorer. OR We can put our business on global level. As far as user is concerned he can get what he wants in any country and as far as a company is concerned, it can get customers through out the world. The use by wealthy companies of the cheapest labour in any part of the world to drive down the cost of production there increasing profit. But also globalisation is not just only business. It's an exchange of politics, trade, technology, services and economics between countries. It's basically the world getting smaller. Like China town in Melbourne; a perfect example. Globalisation has increased rapidly since the end of the cold war, and this is because it thrives under capitalist conditions. Globalisation is a concept. Globalisation can bring benefits like new technology, and peace between nations through trade. Negative effects are like the gap between the rich and the poor widening. It's a huge concept.


What is need for globalisation?

There isn't so much a need for globalisation as a natural transition towards it. Consumers in the rich countries want to take advantage of the poverty and the resulting low labour prices in the poor countries. The poor countries see this as a way of getting out of the hole they are in and end up improving their lifestyle slowly but surely. Hi i am doing a geography project and i need to know "Does Globalisation need to change?" could anyone answer my question please? x


What contributed most to the growing gaps between social classes during the Industrial Revolution?

The growth of the middle class contributed most to the growing gap between social classes during the Industrial Revolution.There many things which contributed to the growing gap between social classes during the industrial revolution. The most contributor was inequality in income and wealth distribution.The advent of the Industrial Revolution added a wealthy burgeoning Middle Class to the social structure. These were the capitalists who became wealthy from the industrial revolution. However, while the Middle Class and aristocrats flourished, the poor got even poorer and the gap between rich and poor widened even more.


Why is circuit city is closing down?

Circuit City is closing because it has gone bankrupt and can no longer afford to stay open.


What contributed to most of the casualities in World War 1?

The poor conditions in the trenches and the constant shelling.


When is k b toys closing?

all of them due to poor upper management!