Globalization has also increased competition giving people incentives to keep becoming more efficient. ... Fundamental to all, however, is a considerable skepticism concerning the liberal emphasis on mutual gains from economic interaction. ... When workers in Europe or the US ask for higher wages employers can easily threaten to move production somewhere cheaper, arguing that growing competition produced by free trade will drive them out of business. ... Economic efficiency can mean maximum exploitation of workers, rather than technological innovation. ... From a political perspective, foreig...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

According to Mpofu (2009), some international companies have taken advantage of globalization to seek for new opportunities to grow their enterprises, reap the benefits of the economies of scale, increase their market share, suppress competition, and achieve global dominance. ... Due to poverty and in the nemesis of economic growth indigenous cultures or local cultures are prostituted. ... Western powers are not only in charge of economic and political aspects at a global level but are also in charge of cultural aspects. ... Tourism has been recognized as a source of economic growth and a way ...

• Word Count: 1995
• Approx Pages: 8
• Has Bibliography
• Grade Level: Graduate

These include not only economic flows of trade and investment in the form of multinational companies also the transmission and mixing of cultural influences, migration and communication" (Wetherly and Otter, 2011). ... This definition would be somewhat comparable to the one given in the book "Going Global" in which globalization is said to affect "every aspect of life - economic, political, social, cultural and environmental" (Moynagh and Worsley, 2008). ... According to the website 'China.org.cn': "the agricultural way of life, centred around rice, has had a strong influence on the...

• Word Count: 2073
• Approx Pages: 8
• Grade Level: Graduate