• Home
  • Study Resources
    • group1
      • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
        • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Leadership & Management
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
    • group2
      • Research
        • DBA Thesis
        • Dissertation Undergraduate
        • Dissertation Postgraduate
        • M.Phil / P.H.D Thesis
    • group3
      • Research Proposal
        • DBA Research Proposal
        • Proposal for Undergraduate
        • Proposal for Postgraduate
        • M.Phil / P.H.D Proposal
    • group4
      • Others
        • HND in Business
        • HND in Education
        • HND in health / social care
        • Knowledge Management
  • Blog
  • About Us
  • Contact Us
    • RegisterLogin
    • GET STARTED
Global Coursework
  • Home
  • Study Resources
    • group1
      • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
        • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Leadership & Management
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
    • group2
      • Research
        • DBA Thesis
        • Dissertation Undergraduate
        • Dissertation Postgraduate
        • M.Phil / P.H.D Thesis
    • group3
      • Research Proposal
        • DBA Research Proposal
        • Proposal for Undergraduate
        • Proposal for Postgraduate
        • M.Phil / P.H.D Proposal
    • group4
      • Others
        • HND in Business
        • HND in Education
        • HND in health / social care
        • Knowledge Management
  • Blog
  • About Us
  • Contact Us
  • RegisterLogin
  • GET STARTED

Business Law

Global Coursework has huge resources and study materials for students across the world. It has now over 10 millions documents
  • Home
  • Blog
  • Business Law
  • Critical Issues in a Business – Assignment Help (GC0137)
Critical Issues in a Business - Assignment Help

Critical Issues in a Business – Assignment Help (GC0137)

  • Categories Business Law
  • Comments 0 comment

Table of Contents

Introduction

What, Why and How Globalization is?

Economic Development and its Different Aspects.

How Globalization is affecting World Economic Development?

Global Markets

International Institutions

Changes in World Trade Picture

Changes in Foreign Direct Investment (FDI)

Corporation Changes

Technological Effects

Effect on the Standard of Living

Effect on Employment

Industrial Effects

Cultural Changes

Environmental Effects

Globalization and poverty alleviation

Conclusion

Reference

Introduction

In the current digital world, volumes of investments, services, and goods are crossing and transferring national borders very rapidly towards the global market. On average, the foreign exchange transactions in a day is bout £1.5 billion. According to a report conducted by Hill (2013), about £8.9 trillion of good transactions are taken place in a day, where about £2.10 trillion of service transition is taking place a day. Thus, the term “globalization” is a hot and controversial topic, where there is no particular definition of globalization focusing on lifestyles and disciplines. In this age of globalization, economic factors focus on the transfer of foreign exchanges, services, and goods.

Political factors focus on the roles and responsibilities of the World Trade Organization (WTO), the United Nations Organization (UNO), and GATT and other same kind of institutions. Some other issues where the globalization effects are sociology and anthropology focusing on cultural differences. For improving, economic development, better education, better transformation, better communication, better health facilities and utilization of resources are important. As the distribution of goods and services is part of economic development, it is important to improve the distribution network including a better transportation system to improve the delivery of goods and services across the world market (Henderson, 2015).

Therefore, in this current digital world, the scope of globalization of improving and increasing (EuroStat, 2014). One of the popular definitions of globalization is globalization refers to integration among business organizations, people and governments across the world (Rothenberg, 2013).

This paper critically analyzes and evaluates the impact of globalization on the world’s economic development. In the first section, this paper outlines the term ‘globalization’ the causes behind this term. In the second section, this paper analyzes how globalization is affecting global economic development. In this section, different terms have come under consideration which are a global market, global organizations, changes in world trade picture and foreign direct investment, change incorporation, technological effects, effect living standard and employment, industrial effect, cultural and environmental changes, and global and poverty alleviation.

Our Recommended Resources:

Corporate Governance Assignment 01

Business Law Assignment

What, Why and How Globalization is?

Globalization is not a new concept, lots of work has been done so far on this topic but still, now it is a hot topic mainly in the global market.  According to Kotler et al. (2014), before people were used to moving to another place to look for a better living style, gain access to others’ land, and better workplace to gain more salary, to find out a better place to find out better. However, global statistics disclose that Globalization is expanding very rapidly day by day, whereas the major changes in Globalization have been observed since the 1950s. Now, the volume of merchandise trades has increased to around 7.5 times (Farrell, 2012).

According to an expert on Globalization discloses that there is a strong link between Globalization, technology development, social and economic factors (Hamilton and Webster, 2014). According to an expert, globalization refers to the shrinkage of space and time. Globalization elimination of diminution of state-enforced restriction on foreign exchanges, the integration and exchange of global complex product system which has emerged as the outcome of global business concepts (Palmer, 2012).

Economic Development and its Different Aspect

Economic development is the increase and improvement of people living quality or quality of life. According to Kane and Sand (2014), economic development focuses on dramatic and rapid changes in local economies and their capacities. However, in traditional views, economic development is the economic system that focuses on the improvement of capital and annual production, rather than the population size.

In the modern sense, the term ‘economic development’ is practiced in the movement of real and potential income per head (Robbins, 2013). A particular country’s development can be taken place in a number of ways. One of the American economists, named Rostow disclosed that economic development follows five steps…………

 

For Full Documents Click Download Button

Free – Download Checkout Added to cart

  • Share:
author avatar
Editorial Team

Previous post

SIM335: Managing Projects at The Snowball Ltd (GC0136)

Next post

Corporate Governance Assignment 01 (GC0138)

You may also like

Sample Assignment on Business Law and Ethics
Sample Assignment on Business Law and Ethics (GC01737)
23 October, 2021
Individual Essay on Business Law and Ethics
Individual Essay on Business Law and Ethics (GC01739)
28 September, 2021
Introduction of New Product by a Tech Company
Introduction of New Product by a Tech Company (GC01740)
28 September, 2021

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Treading Quarry

    Impact of Information Technology on Employee Performance in Retail Sector (GC02036)
    Impact of Information Technology on Employee Performance in Retail Sector (GC02036)
    11Jan2022
    Unit 16: Managing Communications, Knowledge and Information (GC015)
    Unit 16: Managing Communications, Knowledge and Information (GC015)
    04Feb2020
    Strategic Macro-Environmental Factor Analysis (GC012)
    Strategic Macro-Environmental Factor Analysis (GC012)
    04Feb2020
    Three Types of Economies and Economic Problem of Scarcity (GC011)
    Three Types of Economies and Economic Problem of Scarcity (GC011)
    04Feb2020
    Unit 16: Managing Communications, Knowledge & Information (GC010)
    Unit 16: Managing Communications, Knowledge & Information (GC010)
    04Feb2020
    Managing Communications, Knowledge & Information (GC009)
    Managing Communications, Knowledge & Information (GC009)
    04Feb2020
    The Macro Environment And Business (GC005)
    The Macro Environment And Business (GC005)
    04Feb2020
    Significance of Micro-Environment And the Context of Economics (GC004)
    Significance of Micro-Environment And the Context of Economics (GC004)
    04Feb2020
    Briefly Describe the Term Macro Economics (GC003)
    Briefly Describe the Term Macro Economics (GC003)
    04Feb2020
    HND in Nursing: Group Clinical Supervision (GC002)
    HND in Nursing: Group Clinical Supervision (GC002)
    04Feb2020

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Sign up for Newsletter

    Become an Instructor

    Join our community of students around the world and sell your courses.

    Learn More

    Our Main Categories

    • Business
    • DBA Research Proposal
    • Research Proposal
    • Research
    • Blog

    Get To Know Us

    • Home
    • Privacy
    • Terms
    • About Us
    • Contact Us

    Contact Us

    • info.globalcoursework@gmail.com
    • +44(0)7805072437
    • 56B Bigland Street, London, E1 2ND UK.
    Facebook-f Twitter Linkedin-in Youtube

    Global Coursework all Copyright Reserved @2020

    • Home
    • Privacy
    • Terms
    • About Us
    • Contact Us
    [miniorange_social_login shape="longbuttonwithtext" theme="default" space="4" width="240" height="40"]

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Register a new account

    Are you a member? Login now