Globalisation, as mentioned, has taken off over the last decade and is widely used and flaunted by academics and politicians. ... Rather than being a saviour it has like a fire caused devastation to whatever far off region it has reached or touched. ... Oppressive use of trade barriers Developing countries have been told to remove barriers to trade so that they can benefit from Ricardo's law of comparative advantage. ... For example, Japan gives rice farmers seven times what it costs them to produce rice, which allows the farmers to sell the rice for very little, shutting out cheap ric...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

Both the pre-handover doomsayers" prediction of lost freedom under Beijing's repression and the optimal forecast of post-1997 economic prosperity have been wide off the mark (Hsiung, 2000). ... Hong Kong embraces the globalization of international trade and economic activities. ... In addition, China avoided direct intervention in Hong Kong's economic affairs, thus, keeping its "hands-off", "laissez-faire", policy adopted with the "one country, two systems" approach and allowing Hong Kong to manage the crisis (Hung, 2000). ... In this sense, this would serve as an opportunity to prom...

• Word Count: 3624
• Approx Pages: 14
• Grade Level: Undergraduate

But this question is prior to that posed by this Asia Pacific Roundtable; that is, what are the benefits and costs stemming from globalisation? ... The benefits--especially enhanced aggregate economic welfare--are better understood than the costs. While the costs are in many ways the other side of the benefit coin, what they are, and what their impact might be, remains hotly contested. It is for this reason that this paper focuses primarily on the costs. ... Part 4 draws seven lessons for the future that emanate from the identification of these costs and the Conclusion argues that the fail...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate

In the mid-1970's, foreign investment in Japanese firms became less attractive due to strong domestic competition and high labor costs. ... Walmart had an important opportunity to enter the Japanese economy with the potential to make a substantial profit and make a positive impact on Japan's economy, but it did not come without its difficulties. ... For example, when Walmart gained a majority stake in Seiyu, they immediately laid off 1,500 workers. ...

• Word Count: 1985
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate