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Friday, August 23, 2019

Critically discuss the view that anti-globalisation arguments Essay - 8

Critically discuss the view that anti-globalisation arguments seriously undervalue the benefits that globalisation has delivered for all countries 02084 - Essay Example This stimulates an even platform for all countries in their endeavours to import or export products to or from other countries. The policy allows sharing of trade and imports or exports without extra cost, i.e., there is reduced cost in terms of trading items between countries (George & Wilding 2002). This policy of globalization enhances relationship and understanding amongst countries globally. In addition, it has created an opportunity for the formation of formal and informal international institution such as World Bank, International Monetary Fund, etc. These have played a significant role in ensuring that there is equitable distribution of resources across the world. Therefore, developed countries are now taken into consideration in the global platform. This has played reduced poverty levels in the world and improved the employment rates. A very good example is the Asia-Pacific Economic Cooperation and the European Union. These two represent good examples of free trade and the p ath towards globalization. Currently, the world has experienced a lot of transformation as a result of globalization. The communication infrastructure has improved tremendously. Some of the remarkable changes in communication sector are the entry of internet and social media in the world. In addition, there is a great development of telecommunication sector in the world. People are now able to communicate with others who are located in different parts of the world. This factor has had a great transformation in the business sector. Entry of internet in the world has open up a platform for business to interact and market its products at very low costs (Germain 2000). The businesses are now able to get feedback from their clients an aspect that is enabling them to produce goods with features that are demanded in the market. This has played a crucial role in reducing loses that were incurred due to changes in consumption behaviours.

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