Globalisation Essay Example | Topics and Well Written Essays - 1000 words - 3

Globalisation - Essay ExampleThis would require that the nations concerned should propagate their markets for international trade, international investment, international finance and labour movements a process which would result in mutualness and lead to consolidation of the economies of the concerned countries with attendant benefits to all.From an individual country or a logical argument window pane of view, globalisation is also a matter of dodging in the overall process described above. This strategy is silk hat defined as the attempt to reap the highest benefits from out of the natural endowments of a country / business be it in terms of raw materials, technology, skilled manpower etc. and reach the world markets with great competitiveness. Viewed from this perspective, the term globalisation defines both a threat and an opportunity a threat if a ascendent economy or a business house commands the world markets, and an opportunity when even a subtle player can look at the entire world as his potential market to exploit.the term. Deepak Nayyar puts it best in his words It is, in part, an integration of markets (for goods, services, technology, financial assets and even money) on the demand side, and, in part, an integration of production (horizontal and vertical) on the supply side (Nayyar, 2006).International trade had been taking place for nearly a thousand years both on the land and sea routes. The items of exchange were mainly spices, silks and precious stones in other words, only a limited number of highly valued exotic items. This trade was cosmos conducted by individual traders.international trade - exchanging finished manufactured goods for raw materials, although Great Britain as the imperious imperial power, controlled the raw materials prices from its colonies as well as the prices of finished goods sold in its colonies. Further, to supplement its impart force, it deployed substantial number of indentured labourers from the Indian su bcontinent to places like the South