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GLOBALISATION (ADVANTAGES (FREE TRADE, FLEXIBILITY TO OPERATE ACROSS…
GLOBALISATION
WHAT IS IT?
INTEGRATION AND INTERACTION AMONG PEOPLE, COMPANIES AND GOVERNMENTS OF DIFFERENT NATIONS
ADVANTAGES
FREE TRADE
FLEXIBILITY TO OPERATE ACROSS BORDERS
RAISING THE STANDARDS OF LIVING
EASY TRANSPORTATION FOR GOODS AND PEOPLE
SHARING IDEAS AND LIFESTYLES WORLDWIDE
SHARING INFORMATION AROUND THE WORLD
DISADVANTAGES
LABOUR CRISIS IN THE DEVELOPED COUNTRIES
EASY EXPORTATION OF PROBLEMS
DOMINANCE OF DEVELOPED COUNTRIES IN WORLD TRADE
NO BENEFIT FOR LOCAL COMMUNITIES
UNETHICAL POLICIES CARRIED ON BY MULTINATIONAL COMPANIES
THREATS TO LOCAL CULTURES
OUTSOURCING
SUBCONTRACTING OF ACTIVITIES TO EXTERNAL SERVICE PROVIDER
OFFSHORING
OUTSOURCING ACTIVITIES TO A FOREIGN COMPANY