Unknown Story
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- what is globalisation?
- Globalisation is the process of which economies, places and people become more integrated through communication, transportation and trade.
- benefits of GlobalisationBetter transport and communication, increased labor migration, more job access, bigger global market ,TNCs, Outsourcing, Tourism, Trade
- Costs of GlobalisationWesternization, increased pollution, TNCs, Clone towns, trade segregation, Brain drain, interdependence, exploitation, trade blocs, TNC political power, depletion of resources.
- HyperglobalistsHyperglobalists believe that this is a new geographical era wherebythe individual nation state is no longer important; instead there is asingle global market supported by transnational networks ofproduction, trade and finance.
- The hyperglobalists and the sceptics represent 2 extremes of theGlobalisation continuum. The transformationalists lie somewhere inbetween. These academics believe that Globalisation is real and is changing society. They consider that such change is an extension of colonial relations. Transformationalists believe that the role of national governments is changing rather than being made redundant. Cultural exchanges lead to hybrids.
- ScepticsSceptics question whether Globalisation is anything new. They believethat the world was just as integrated in the 19th century.Sceptics believe that national governments are still the mostimportant players.
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