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Globalisation

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LyRiCaL_G:
Yo what up y'all,

can someone please tell me the effect globalisation has had on businesses, employees and consumers

the positives and negatives of it and whether overall its a good thing or a bad thing

peace!

much respect for anyone who puts down some useful knowledge for me mang, as always fully appreciated

pz

Don Rizzle:
glabalisation in a nutshell.........

until relatively recently countries have tried to produce and do everything for themselves, however countries have certain abilities to do things better than others for example america is agood at producing hi tech things, germany is good at producing high quality mechanical products, china can mass produce things very cheaply and so on, as trade barriers are reduced countries will focus more on their specialist industries the losers will be those who can't adapt to these changes in circumstances and the winners will be those who can embrace change and look at ways to 'add value' to improve their global cometitiveness. within every country some industries will decline and some will grow arguably globalisation presents the biggest challange to the developed world because import products are becoming alot cheaper which is down to factors such as labour costs, land costs, exchange rates etc. the devloping world have the opportunity to export more products which will therefore create more jobs and revenue streams. This is evident today western economies are growing at a sluggish rate while south america, eastern europe and asia are experiencing high rates of growth, in the end things will probably even out a bit but things like job security are certainly things of the past and I hope the welfare state is too becasue ultimately it reduces international competitiveness and state run organisations are woefully innefficient.

LyRiCaL_G:
Thankyou my brother! yo that is some hella useful and helpful info you passed onto me

peace and props!

Elevz:
Globalisation... That's an interesting issue, especially because it's unlimited in it's subjects. For example, skin whitening cream is the most sold cosmetical product in Asia, because young women out there find images of popular skinny caucasian tv-actresses projected on them all the time. They want their skins whitened and their eyes widened, so they look more like Rachel from Friends. Such are the effects of globalisation through tv.

There's really two sides to the story of globalisation. It provides entrepreneurs with endless economical possibilities and markets, while at the same time it contributes to us totally exhausting the planet and our lives on it. We've become pawns in this competitive game about who owns the largest lot and the biggest tv. The pressure we feel is self-inflicted, yet we know no better. Everyone has to work their asses off, just to keep up.
Plus, now that globalisation is so real, we're constantly confronted with the endless stream of possibilities our lives it's supposed to offer us. Yet it's a bare fact, just about nobody really 'makes' it to achieve their goals. The results? Loss of identity, loss of culture, and a global depression. Addictions, crime, violence, oppression...

At the same time, globalisation leads to a toughening of the global market. Big companies are under a constant high pressure, causing them to merge in order to keep their market share strong. In the end, this makes the big corporate heads only grow more and more, pushing the small entrepreneurs off the market. The big ones are in control of everything - including the media. They're the ones directing the global agenda, thus they literally control our minds...

virtuoso:
Great point 11z I would also add that though I agree with don's take on globalisation, the problem is globalisation leads to a mass outsourcing of manufacturing, thus we are reduced to becoming a service sector economy. This leads to firstly a dependency on other nations for our goods and secondly the real wealth is being transferred out of the country. Most service sector jobs are poorly paid because the nature of the work is unskilled. However the other problem and we are starting to witness it here in Britain right now is, because a lot of these service sector jobs are unskilled, companies have realised there is no reason why the work can not be outsourced to. Therefore we have a plethora of call centre jobs which are currently being lost to India and other developing nations, leaving the peoople in some areas of britain without employment once again. The premise that the high tech jobs go to europe is an interesting one because during a recent BBC Asia peace, it was documented that 9/10 r&d jobs are going to china. The underlying reason for this trend is simply because they are just as capable of doing their work as their european counterparts and more importantly they are paid many times less.

In addition as well as the outsourcing of jobs, we are also witnessing a loss of jobs through the introduction of more automation, which is having a big impact on tele jobs especially. As 11z has said and as of course was recognised at the time though, the globalisation would lead to mass monopolising of power and though it can be dressed up as competition, once the power is established, then all competition becomes a things of the past. The corporations are then free to abuse their position of power and consolidate even more. Thus ultimately they end up violating the notion of a free market because they abuse the power to prevent further competition.

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