Is Globalisation A Threat Or Opportunity Economics Essay

Is Globalisation A Threat Or Opportunity Economics Essay The term globalisation is often used however hardly ever defined. It refers to the rapid enhance in the share of monetary movement taking place across state limits. This goes further than just the international trade in goods and comprises the way those goods are produced, the delivery and sale of services, and the movement of resources. Globalisation is the result of a number of interrelated developments together with: The increase and relative consequence of foreign direct investment and multinational enterprises The internationalisation of financial markets The ongoing growth of communication and transport technology Deregulation and liberalisation Privatisation of public sector service (TSSA) This report includes about Globalisation and its impacts to consumers and also the benefits that both organisations and employees could take chance of it. Defining Globalisation Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. The global economy is the machine that powers globalisation. This concept has been taking place for hundred of years, but has speeded up rapidly over the last decade. The factors that influence globalisation include the following. Communication: Technological products and services such as TV, Telephone and Internet have allowed information to travel so rapidly. An Australian business can have a call centre in Sri Lanka answering calls from Australian customers (BBC). Transport: This has become cheaper and people travel more than earlier days since the development of the transport industry such as Rail Transport, Air Transport and Sea Transport. The mode of transport has become more convenient than never before with the improvement of technology since customers can arrange their travel needs staying at their home and the services are delivered to their door step. Businesses can ship products and raw materials all over the world more easily making products and services from all over the globe available to their local customers (BBC). Trade Liberalisation: Laws restricting trade and foreign investment have been relaxed. Several governments even offer grants and tax incentives to convince foreign companies to invest in their country (BBC). When globalisation comes into existence there are two main policies that govern the process of globalisation, which is Privatisation and Deregulation. Privatisation is all about putting the government out of the business. Which means the free market will take control of the business which is managed by a private sector organisation. When the government is incompetent to run the economy they will let the free market to run it which will benefit the public. At this stage governments will sell their publicly owned business and assets to multinationals (MNCs) which are controlled and financed by public shareholders. In a country deregulation will take several forms. Government in a country would take off the trade restrictions and easing of government regulation in business will allow the business to run more efficiently. Therefore the best business will survive the competition to give the consumers a better standard of living. Dimensions of Globalisation Trade Trade is the key ingredient that receives more attention of globalisation. Trade liberalisation would minimise the formal trade barriers through the process of WTO and other regional bilateral agreements. Trade liberalisation receives much public inspection since it engages direct policy decisions by national government to reduce trade barriers. It involves legislation and concessions with other governments. Thus trade liberalisation is important to many countries economic in modern times. Many successive governments have delivered on commitments to reduce trade barriers (Harcourt, 2001). Investment There is less public debate about the role of investment despite the capacity of the capital which outstrips trade flows in this aspect of globalisation relative to trade. One of the reason behind this would be there are formal regulations of investment made by governments on an international scale equally there are trade regulations in the WTO. However the opening of the domestic economies to FDI is an important part of modern globalisation (Harcourt, 2001). 3.3 Organisational Change This dimension of globalisation related to organisational change in the corporate sector. Exploring trade and investment flows between countries may provide some suggestion to international economic integration but it may fail to spot key important developments of corporate restructure and firm behaviour that may have major affects. There have been intact changes in many organisations in terms of the nature of the firm due to globalisation of the production and distribution process. Today firms are part of global supply changes with extensive global networking which has led modern world management strategies such as outsourcing (Harcourt, 2001). According to Eslake (2000), For both corporations and governments, the drive to lower costs has in turn spawned a variety of management strategies such as outsourcing non- core activities to outside specialists, striving for economies of scale by acquiring and consolidating the operations of other businesses producing similar or compatible products, and shifting activities to locations where the most important inputs (such as labour or energy) may be obtained on the most favourable terms. For each of these strategies, reaching across national borders is a distinctly possible outcome. Corporate strategy might occur within in a nation where as in some instances it may not. Nevertheless, exporters and affiliates of international firms are often the first to implement organisational change within a country. Exporters tend to adapt international business practices much earlier than the domestic firm in the domestic market do will be a special characteristic. Therefore, practices like out-sourcing, benchmarking, business networking and contracting out are more likely to be pronounced in the exporting sector of the economy (Harcourt, 2001). Is Globalisation a Threat or Opportunity? Globalisation has the potential to create wealth and enhance living standards. The benefits are obvious for countries which comprised with products, skills and resources in order to take advantage of the opportunities provided by the global markets. Furthermore there are some major downsides particularly for those countries that dont fall into to this category (TSSA). In general globalisation is recognised as having increased the gap between the rich and poor. This is largely because of the policies that drive the globalisation processes have mainly focussed on the needs of the business. Moreover this concept has significant social and political implications which have brought the threat of elimination for large section of the worlds population creating unemployment, growing wage and income disparities. This concept globalisation which we all concern about has also made it difficult to deal with economic policies just as prominently in corporate behaviour which is purely within a nation (TSSA). Over the past years industrialised countries which are highly paid have seen their income rise much more faster than the average developing families in third world nations are dependent on insecure such as low paid jobs and less social benefits. Trade Liberalisation of trade which means and to reduce regulation including legal protection of workers has put on a negative impact on the lives of millions of people around the world. Several poor countries such as Sri Lanka are have been encouraged to enhance the production for exports and compelled to reduce inadequate spending on public services so that it will benefit the nation to repay their foreign depts. Consequently this has forced many people substantially in to a life of poverty and uncertainty (TSSA). Pros and Cons of Globalisation Positive: The utmost benefit that most of the developed countries get from globalisation is the availability of greater range of cheap goods to buy. Globalisation opens people to be alive to other cultures and all their creativity and to the flow of thoughts and ethics. Information and communication technologies have eased interaction among countries and peoples. Globalization has eased international trade and commerce, facilitated foreign investment and the flow of capital. Globalization has freed labour across boundaries. Globalization has set new rules that are integrating global markets. (Nsibambi, 2001) Negative: As cultures interact, some cultures are being diluted and/or destroyed at the expense of others and negative values are being spread all over the world with relative ease. The world is now divided between the connected, who know and who have a monopoly on almost everything, and the isolated, who do not know and who practically have nothing. Globalization has encouraged illicit trade in drugs, prostitution, pornography, human smuggling, dumping of dangerous waste and depletion of the environment by unscrupulous entrepreneurs. Globalization has facilitated the brain drain in developing countries, thus reducing further their human capacity. Globalization has set new global rules that have further marginalized poor countries and people, especially in areas of trade. (Nsibambi, 2001) Conclusion In order to sustainably serve the humanity there would be a different global economy that works in the real world. It is inevitable that the pain destruction caused by the global economy has affected the consumers in the poor countries at large but this how the global economy is designed. Employment deprivation, social breakdowns, and high personal stress levels are not a substance to mathematically calculated profit margins in todays business arena. The people of a nation as humans care about well being of their environment and society in which they belongs to. Most of the MNCs do not have such national sentiments to put in to practice as they would look ahead to give the world for a dominant market share and presently their concern is merely just doing what they want.

Home, Home on the Range

Golden fried chicken crispy and crunchy, soft and moist banana pudding, lip smacking cornbread, meaty ribs dripping in barbeque sauce, second only to food; the south is also known for its humidity. Inhaling deeply I choke haphazardly on the thick air; I could always smell the heat before I could feel it, even at six thirty in the morning, but summer usually behaved with a blatant disregard for its Georgian dwellers. Frequently, a moist heat would settle over the state like someone had covered it with a damp rag, immediately suffocating you with every mouthful of air. Eventually your breathing would slow just to avoid the process completely; shade and shelter most times offered little or no reprieve from the suns harsh rays. Putting on lotion would be a waste of time, even if you were outside for a few moments; your skin would be somewhere in between sticky and clammy, leaving your clothes matted to your body. Often at times, I used to think that Hell itself was about to burst out fro m beneath my feet because it was just so damn hot. However, no matter if it was boiling or below freezing, you could be sure that the Kyles, who were in their early sixties, are going to be walking the course. Or the Foy's, who believe in being early, are going to come in for beer at twelve. Here was the consistency a body could count on, out here on the golf course. The Frog is one of the most well groomed golf courses in the state. The grass is a bright healthy green, with each blade cut low and evenly throughout the course. Every morning our outside staffs, who coincidently were all Mexicans, would arrive at about five in the early morning hour to clean and prepare for the day's clients. Rightly so, my business didn't deal with the outside (I can't stand the heat), but with our four-and-a-half star restaurant. After ten years, this high ranking bistro still didn't have a name, so we just called it The Restaurant, but what it did have was a renowned Chef. Though I was the dishwasher and should have been in the back eagerly awaiting my first dish, I could always be spotted right behind Eunice, a woman in her mid forties of middle weight, average height, red skin, and a gap between her two front teeth. Born and raised in Georgia, the sixth child of thirteen, Eunice was full of sassy comments and confidence always playfully bantering with the members. â€Å"Hey Rex, when you gon take me out ta dinner?† she'd purr. He'd pause for a moment as if he were seriously considering this query, â€Å"Oh i'on kno, I haf to ask my wife first,† his country vernacular showing his southern roots. Brazenly Eunice would ask, â€Å"Why?† Listeners and passerby's who heard the repartee would laugh and chuckle quietly to themselves. I guess it's because she came from such a big family that she had to be loud and bold to make her voice heard, and that carried over to her life. Anyway, she would joke with complete strangers in that same manner, that was Eunice, our Chief Chef. â€Å"Damnit Courtney! What da hell do you think you're doing? Get da hell out my kitchen,† her Georgian accent thick and country. For a second I revel around her words trying to record the pitch and speed in my mind to play whenever I felt the need. In a jovial rejoinder, I chuckle and smile, but I don't leave the kitchen. Generally, this is what she would say to me after only ten minutes in her company, but that was because I was either clumsily knocking food off the bar to show her what a good cook I was; or I was over cooking the food she let me make. When a customer wanted their hamburger cooked medium rare, not knowing what medium rare looked like and instead of getting Eu, I would take it upon myself to cook it well done. My intentions were meaningful and honest, and honestly I didn't think anyone would know the difference. I was always trying to help, but I was more so in the way. Despite her cursing and yelling my name, she was still my favorite person out of the whole establishment. She never held back her annoyance or anger with me; in a way it reminded me a lot of my mom, which is probably why I took such affection to her. â€Å"Eu!† I'd roar her name and beam contentedly like a child playing peek-a-boo, wanting to believe that this moment would never abscond, and I'd always be within my comfort zone, here†¦on the golf course†¦in Georgia. I gaze up at the sheetrock ceiling (as if it would have the answer) and wonder why leaving home after nineteen years feels so good, but coming back after one month or one year feels even better? I write in Spanish on the outside staff's lunch boxes like I've always done for the past two years. Eunice would always encourage me to speak to them, but I was afraid that I'd make a mistake, and they would laugh at me. I had too much pride to be laughed at that way. So I would help them with the white foam boxes and the tub of sweet tea, then I'd confidently say, â€Å"Hasta luego!† Something that I've said more times than I've tied my shoes, and knew I couldn't it mess up. Eunice would just shake her shaved head and continue on with her business in the kitchen, probably thinking, well maybe tomorrow. Whenever business was slow we'd all get a drink and a snack, and take it into the â€Å"staff† area. Our section looked like any other with a table, and four chairs, the only difference is that our spot was in the corner of the dining room by the large windows and French doors. In my opinion, these were the best seats in the whole restaurant, because you can soak in the sun, gaze upon that beautiful green grass, and for us, we would be able to see anyone who comes in to the restaurant. Occasionally, when the course was dead and the weather was to our liking, we'd go outside and sit leisurely under the covered deck. Closing our eyes tilting our heads back we would take in the breeze, loving the southern lazy life and wanting to be nowhere except where we were at that instant. Why do the simple pleasures in life always feel like you've just hit a grand slam? It was in that particular moment when I thought to myself: It's hard to find a pair of jeans that fit, hug, and compliment in all the right places, but it's even harder to find people who do the same. Within the restaurant I had found my perfect pair of jeans. They were my encouragers for an upcoming Statistics Test, they were my motivators for my non-existent love life, and they were even my family to offer advice about friendships and the rigors of life. Faded glory though they were, full of faults and flaws, I knew I'd never throw them away. Who is to say for sure, if no one ever left everything would remain the same? The paradise I live, is with the perception of a nineteen year old girl, how do I know that they see this occupation the same as I? Who is to say that even if I never left, Eunice or my other coworkers wouldn't leave also? Not knowing answers to such questions, I do know that I don't want to take those chances and leaving would only be in my best interest. Everyone stays a little longer for me that day. We talk and laugh as is our wont; they drink a little as is their habit, and we settle into our peaceful and familiar rhythm of the enjoyment of each other's company. We reminisce of the first day I came to the restaurant and had become lost for about an hour trying to find our supply trailer, which should have taken me five minutes at most. They talk about how I backed the brand new food cart into a tree while golfers were at play, and was dully written up. Or about when I mistook the golf balls on the range as Easter eggs; that human err is their favorite and to prove it, they laugh louder, longer and harder. All my antics were recreated and reenacted, as if I didn't live the experiences myself. Of course I didn't mind their teasing; they were my foster family, and I was going to miss them. Like an avid reader is reluctant to come to the conclusion of their favorite novel, I too am loath to say goodbye to this exciting chapter of my life, but at the same time am anxious to see what life has in store next. The sun descends and our shadows grow taller and leaner; we know that it is time to go. After hugs and kisses, once promises to write and call had been made, the last car pulls out of the parking lot. I stand still for a time, remembering how I began here as an unsure, lost, and clumsy girl. Now I was leaving as a confident, ambitious, clumsy young lady. I stop to appreciate experience and all that she has taught me.

Nature and Thrust of Public Policy Essay

Public policy addresses a host of issues like housing, transportation, education, health, social services, among others. It creates orderly structures and standards, and a sense of direction. It may likewise be used to denote what is actually done even though it is unplanned, and yet sometimes it attends to political questions and even the personal issue or controversy of a political. In making public policy, there are three components: the problem, the players, and the policy itself. A problem is a particular apprehension that often requires specific resolution. The players refer to the actors or group of actors that design specific formula to tackle the issue at hand, while policy is the finished course of action ready for implementation. Building Public Policy Public policy starts with the discovery of the problem in which private sectors may bring to government which will then come to the attention of the legislative department. The Congress or the legislative department will be the one to process appropriate policy for the identified problem. The policymaking process revolves within several factors, which trigger agenda initiation, government formulation and implementation. Defining Public Policy Public policy was defined by Dye as â€Å"whatever governments choose to do or not to do.†However, another political analyst, Roskins modified this definition in this wise: public policy is â€Å"whatever the government does to do or not to do.† Policy, in general, is a course of action or a series of program adopted by a group or a person or a government in view to address or respond to existing issues or concerns. The term public is associated to a government I power. Public policy then is an action taken by the government to meet a particular demand growing out of the society. Public Policy Analysis Public policy is the study of how governmental policies are made and implemented, and the application of available knowledge to governmental policies for improving their formulation and implementation. Policymaking Process Policymaking is a process in two aspects. First, it involves a linked series of actions or events. This commences with the germination of ideas and the initiations of proposals, continues with some form of debates, analysis, and evaluation; and concludes with the making of formal decisions and their implementation through designated actions. Second, it is a process in the sense that distinguishes the ‘how’ of the government from the ‘what’ of government. Policymaking process has four stages namely: Policy initiation process, policy formulation process, policy implementation process and policy evaluation process. Policy Initiation/Agenda Setting The first question to ask here is: â€Å"Where does policy come from? How do policy agenda emerge?† Initiation is the primary stage of policy agenda that resulted from an issue regarded to come out as a problem if not attended to appropriately. Agenda setting is the process by which ideas or issues bubble up through the various political channels to wind up for consideration by a political institution such a legislator or court. Anthony Downs attempts to explain the way in which many policy problems evolve on the political agenda. Downs in Shafritz (2009) said that the cycle consists of five steps: 1. The pre-problem stage; 2. Alarmed discovery and euphoric enthusiasm; 3. Recognition of the costs of change; 4. Decline of public interest: and 5. The post-problem stage

Plastic Surgery Becomes More Popular - 953 Words

As time progresses, plastic surgery becomes more popular. Plastic surgery isn’t just what’s seen on TV and on social media; plastic surgery is much more than facelifts, rhinoplasty, and breast enhancements. In fact, â€Å"plastic surgery is anything that undergoes the process of reconstructing or repairing parts of the body.† (Reconstructive Surgery) The facelift Kris Jenner recently just had done is equally considered plastic surgery as an ordinary person getting an extra finger removed. These are both types of plastic surgery, but they’re treated completely differently. A woman who gets cosmetic surgery gets scorned for getting the procedure done, yet the person who went in to remove their extra finger does not. In reality, these issues are quite similar. Plastic surgery is often the last resort for those who want to desperately change how they look; those who get plastic surgery done are quickly judged for doing so; however, both men and women should co nsider the reasons why a person might want plastic surgery; the reasons behind this may be deeper than one thought. Those who get plastic surgery get it for numerous reasons; one reason they get it done is for serious medical purposes. Those who seek plastic surgery for medical purposes are doing it to fix abnormalities caused by accidents, birth defects, and medical issues developed over time. An example of this would be a driver in a serious car accident getting their finger ripped off by the force that hit them.Show MoreRelatedBeauty Is Not Pain?1704 Words   |  7 Pageswhy is it that some choose to change that with cosmetic and plastic surgery? What would motivate someone to go through hours of pain just for a new body? 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Retrieved April 09, 2016, from http://uh7qf6fd4h.search.serialssolutions.com/?ctx_ver=Z39.88-2004ctx_enc=info:ofi/enc:UTF-8rfr_id=info:sid/summon.serialssolutions.comrft_val_fmt=info:ofi/fmt:kev:mtx:journalrft.genre=articlerft.atitle=The Marriage of Plastic Surgery and Social Media: A Relationship to Last a Lifetimerft.jtitle=Aesthetic Surgery Journalrft.au=Camp, Steven Mrft.au=Mills