This website uses cookies to ensure you have the best experience. Learn more

Advantages And Disadvantages Of Globalisation Essay

1247 words - 5 pages

Business owners must consider both the advantages and disadvantages of finding new international markets for their products. Including some statistics, analyze and evaluate the causes, trends and impact of Globalisation on the various parties involved in businesses, society and the economy.Globalisation is the increasing worldwide integration of markets for goods, services and capital. The causes, trends and impact of Globalisation play a large role in the functioning of the economy as well as the success of many businesses and the standard of living enjoyed by society. However Globalisation has both advantages and disadvantages that must be considered.Globalisation has existed for ...view middle of the document...

This creates more employment opportunities in areas of absolute and comparative advantage. Free Trade agreements also benefit foreign policy as many countries are working together with common goals.As economies become increasingly open, trends are surfacing which contribute to the success of Globalisation. Exporting raw goods is becoming especially important to the Australian economy. The mining industry has boomed over the past decade, in 2006 coal accounted for 14% of Australian exports and totalled $23271 million in export value (AUSTRADE, 2008), $15314 million more than in 1996. (ABS, 2002). Service Exports are also crucial to the Australian economy. 54.3% of our service exports rely on Travel (business, personal, educational and other). This equates to $23771 million (AUSTRADE, 2008), which is $12015 million more in export value than a decade ago (ABS, 2002). These exports have been paramount to the success of the Australian economy on a global scale. Another trend that can be seen is the increased demand for Free Trade agreements. Australia has recently signed a Free Trade Agreement with the United States to allow a freer flow of goods and services between the two countries. This affects almost every area of trade; one example of change will be seen in travel. Cheaper flight to the United States will be available as American competitors will be allowed to fly in and out of Australia, as apposed the previous monopoly held by QANTAS (The Australian, 2008).Globalisation has impacted on many aspects of trade. Various parties have been subjected to benefits and costs as a result of increased Globalisation. Economies, such as China's have boomed as a result of Globalisation. China has maintained an annual growth rate of over 9.3% on average over the past 20 years (Peixin, 2003). Studies show that economies that actively engage in Globalisation have a 2.5% higher rate of growth (on average) than of countries that don't (United Nations Development Programme Globalisation, 2004). This also impacts on the country and the standard of living. The life expectancy in China has increased to 71.5 years recently because of the wealth brought about by Globalisation (Peixin, 2003). Businesses also prosper as they can make their product available to a worldwide market, which in turn results in higher profits. Toyota, for example has expanded manufacturing and management methods to 200,000 workers at 27 plants overseas over the past decade (Fackler, 2007). Making them one of the worlds leading car manufacturers and providing employment opportunities worldwide. Consumers are exposed to a wider variety of goods and services. Competitive prices allow consumers easier access to their wants and needs. Quality of life can improve with increased access to clean water, health care, better foods and...

Other Essays On Advantages And Disadvantages Of Globalisation

The Advantages/Disadvantages Of The Total Cost Of Ownership

697 words - 3 pages Advantages:1)Take all cost elements into consideration, because it extends the procurement to the whole life cycle of product within a firm.2)Reflects the real cost of the purchasing rather than the pure acquisition.3)It helps to define a rational purchasing policy for the buyer, for instance, how to allocate the purchasing volume, and to whom, and etc.4)It can be a tool to evaluate outsourcing deals.5)Can be used in negotiations with suppliers

The advantages of a multicultural society outweigh the disadvantages

482 words - 2 pages As the time spent on travel between countries has become markedly shorter with the introduction of newer and faster means of transportation, the number of people migrating from one country to another has iany multicultural increased dramatically. A multicultural society can be defined as a society or group of people from various backgrounds and ethics. In determining whether a multicultural society has more advantages or disadvantages, both

Disadvantages and advantages of home schooling. Situations in which home schooling would be better for a child and for an educational system. OPINION!!!

629 words - 3 pages This is a very controversial issue for myself as I wasin 4-H while in high school and I knew a lot of home schoolers. In fact some of my good friends switched from public school to home schooling in the middle of their high school years. Some of my own opinions ondisadvantages of home schooling include the loss of cultural and economic differences, for example in most public school and many private school situations you are going to have kids of

What are the advantages and disadvantages of living away from home to freshmen students?

513 words - 3 pages Living away from homeTo many students coming from distant provinces, the experience of living away from home may be one of the best parts in their university life. This can be really unforgettable and exciting, and at the same time, it has a very important effect on students' life, especially freshmen, as for many of whom, this is their first time living so far away from home in such a long period.The major, and also a very common, problem that

This essay under the headline "THE READER AND THE COMPUTER SCREEN" tells about the disadvantages of studying on-line

404 words - 2 pages reading from paper text and reading from a computer screen. There are a lot of disadvantages of online reading also. Being a student, and working in the Internet quite often, I will try to prove that the Internet is not the ideal way for reading or getting information.First, desktop computer monitors are not easily portable. Unlike paper, they cannot be easily transported elsewhere for further reading, for example. For this reason, most computer

Franz Fanon's Work As Compared With Karl Marx, And Utopia. The Various Advantages And Disadantages Of Each Of The Societies

1241 words - 5 pages What if we all Worked Together?The struggles that continue to arise in society are due to the increasing difference between the poorest and richest members of societies. The works written by Fanon as well as Engels and Marx, in addition to "Utopia" by Thomas More, clearly demonstrate the advantages of a society which don't suffer from this disparity. All authors argue that when all a society's members have role's and work together; a more

An Essay Portraying A Basic Understanding Of Bilingualism In Children, Including Definitions, Adavantages And Disadvantages, And Critical Ages In Which Learning Is Best

615 words - 3 pages have a number of advantages over children who speak only their native language. Included in these advantages are higher self esteem, higher intelligence test scores, lower school drop out rate, and higher achievement records. Once out of school and looking towards a career, bilingual individuals are more likely to get a job, or a higher paying job, then a person with knowledge of only one language.Although it is shown that bilingual children are

What Are Some Of The Disadvantages Of Using Focus Groups? Discuss Two Recent Trends In Focus Group Research And Explain Why You Think These Have Evolved. Use References To Support Your Opinions

1685 words - 7 pages , 2001)Focus groups are normally used to investigate complex behavior in the same time discover how different groups think and feel about a topic and what opinions do they have (Evalued: Focus Groups 2005). There are many advantages of using focus groups. It allows the companies or researchers to evaluate products and services based on real life information on the spot without any excessive costs. But the one thing they have to take into account is

Is Everything Political?: Access the dangers and advantages of the statement that "everything is political"

484 words - 2 pages The statement that 'everything is political' has some very strong arguments on either side. Politics does in some way affect everything that happens to us in everyday life, things such as tax, laws and employment opportunity are some examples of what the government has some control over. It is argued that if the concept of politics is stretched too far it loses its meaning, for everything to be political our society would cease to be a

This Essay Discusses The Fair Trade Coffee Movement And The Advantages Of Fair Trade Coffee Over Regular Coffee

1076 words - 5 pages The Fair Trade Certified coffee movement exists today to ensure that the small sizecoffee producers, who make up the majority of the world's coffee production, receive afair price for their coffee. Mass producers of coffee are able to grow their products at acheaper expense, often with lower quality, and as a result, they can sell their coffee for acheaper price. The problem with this is that the smaller producers must lower theircoffee prices

The Effects Of Globalisation On The Australian Business Culture

2809 words - 12 pages blocs.The impacts of a global business culture must also be examined. On an economic front, advantages have been seen in job creation, the transfer of skills and technology and increased competition, the disadvantages have been noted to include loss of jobs in certain areas and increasing dependency on multi-national corporations. The political arena has seen some influence exertion to the extent of being strained to either bend or change laws in the

Similar Papers

Advantages And Disadvantages Of Internet Essay

325 words - 2 pages Internet is one of the most important inventions in history. It is a network of milions of computers around the world, connected by phone lines, satellites or cables. Millions of people from all over the world use it every day, so I think that Internet has more advantages than disadvantages.Internet has made the world a real global village which permits us to travel, pay bills or do the shopping without going out from our houses. We can read

Analysis Of Advantages And Disadvantages Of Fdi

2279 words - 10 pages sells the foods of a firm's domestic production processes.Analysis of advantages and disadvantages of FDIIn addition to FDI, the firms are also able to expand foreign market by means of exporting and licensing.Compared with exporting and licensing, the advantages of FDI for companies1. Low transportation cost. As far as the firms which mainly adopt horizontal FDI are concerned, transportation cost must normally be considered to production costs

Advantages And Disadvantages Of Living In The Block Of Flats

389 words - 2 pages Many people consider possession of own "angle" as a blessing and it does not really matter whether it is an apartment or one-family house, having a place to live is the most important thing itself. On the other hand, have you ever thought of living in a block of flats? Let's analyze some advantages and disadvantages that it may give.Noise is a traditional problem in blocks of flats- habitation of multi-family house links with larger threat of

Discuss The Technological Impact On Film Theory And The Advantages And Disadvantages Of The Invasion Of The Digital World

1536 words - 7 pages watching it for free. Continued violation of this artistic code could result in filmmakers either demanding a higher percentage of the profits or refusing to make shows completely.The disadvantages do not outweigh the advantages, however, and advances in technology will only mean that the cinematic experience can only get more immersive. On the flip side, Films are already being lumped together with television as being part of the visual aspect of