QUESTION 1

MR QUESTION 1 Explain what is meant by globalisation. Is it really a myth? Globalization is the free movement of capital, goods, portion and labour around the world, by big commercial companies, which obtain massive control of the worlds economy, transcending the boundaries of state and country. This transcendence across countries results in the shrinking of the economy and results on it depending on larger companies with a controlling interest in most of the capital inwardly it.

This global control of capital comes through the transference of trading operations from superpower economies, to third world countries. This transference take s place for rigorously economic gains, with companies seeking to take advantage of lower yield and a large unskilled labor force. A rattling good example of this is the footwear industry, in which footwear giants such as Reebok and Nike, regularly shift their manufacturing base to countries with lower dough profit scales. Globalisation can be l...If you want to stop a full essay, order it on our website: OrderEssay.net

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