1 trillion and employed some six million persons in their foreign affiliates in 1997. E.g. Pepsi, Coca-cola, Wal-Mart, K-Mart.
(c) TNCs are major vehicles for the transmission of technology across national borders, and these technologies themselves have influenced patterns of production, market structures and industrial relations systems throughout the world. .
• In the last decade technological investment in the communications/information infrastructure has made possible the deregulation of markets and globalisation of capital. .
(a) this has facilitated the emergence of global banking and globally integrated money markets of a supranational economy of stateless monies. Much of the world's savings tend to be intermediated by large private financial institutions .e.g. Barclays Bank, Citibank.
(b) virtually instantaneous transfers of billions of dollars are a daily occurrence in today's international economy and as a result physical barriers have become permeable to financial regulation. Increasingly, central banks cannot adequately control the trends of global flows in financial markets, but instead must exercise flexibility and dexterity when coordinating global economic activities.
• Transition to computerised technology - perceiving the immense economic, social and political opportunities associated with the information technology (IT) revolution of the 1990s, the G7 states promoted the idea of a global information society.
(a) IT has become "one of the most potent forces in shaping the 21st century its revolutionary impact affects the way people live, learn, work and the way government interacts with civil society." .
(b) it is suggested that the GISDN (Global Integrated Services Digital Network) infrastructure currently being developed will be as important for today's economy as the railways, roads and canals were for the industrial era, and automobiles in the post-war boom.
Migrations and its effects on people come in many forms. ... Internal migrants include female domestic workers throughout Latin America and the Caribbean. ... Finally, Modernization and Globalization both represent change in society, but they have different effects. ... They are at the mercy of the political powers above them and even natural disasters sometimes. ... This occurs through globalization and modernization. ...
Hurricane Sandy is known as a; "typical late-season post-tropical cyclone", that swept through the Caribbean and up the East Coast of the United States during October of 2012 (Toro, 2013). ... The quantitative data that was gathered for this essay examines approximately how people are deceased, how many people are missing up to date, when the storm was at its worst point (magnitude level) as well as the global and economic costs that were provoked due to the storm. ... Analysis Direct Effects Hurricane Sandy's effects were devastating on not only people but property as well, an...
Objectives With the help of empirical evidence, recent data and statistics and including some new research, this paper provides a critical review on the effects of global integration for developing economies. ... As a positive consequence China has shown remarkable progress that is reflected in its economic performance and prosperity. ... The most striking impact of globalization on India is its transition towards the knowledge economy. ... In a broader perspective, Globalization had its massive impact and India has observed the impact in various sectors like agriculture, industry, education, ...
The $476 billion that tourism generated as recently as the year 2000 speaks of its irrefutable impact on our global economy. ... In October 2000, Club Mediterranee, a resort company, closed fifteen of its holiday villages in the Caribbean, Central America, the Middle East, Europe and Asia. ... This choice of location seems to send a message to Egypt's political leaders and international tourists alike (Macleod, 2005). ... Global tourism has undoubtedly taken a huge hit, but its longterm prognosis is good. ... However, as with most effects of terrorism, the change will likely be tem...
The goal of the USAID is to create political stability by providing humanitarian aid and improving economic activities in developing nations (Murray 2002). ... USAID can trace its beginning back to the Marshall Plan in 1947 (Murray, 2002). ... The RCSA works towards and supports effects to improve the quality of life in the Southern African region. ... Latin America and the Caribbean The third region USAID provides support to is the Latin America and the Caribbean region. ... Even though Valverde (1999) criticized the USAID on its allocation of support to the Latin America and Caribbean regi...
In this region, as well as in the Caribbean, women's access to land and to other property generally takes place through a male relative. ... (Tickner 2001, 82) According to Tickner, new international division of labor has had significant effects on women. (2001, 77) To worsen the problem, women are affected by gender division of labor as well. ... They are made to bear more burdens as well as subsidize men who are linked to the global economy more directly. ... The core and the periphery have come so close together since the global capitalist class was born. The economic interests of its ...
"The Resurgence of Mid-Latitude Attitudes- A Critical Look at Neo-Liberalism and The Opposition to Contemporary Colonialism in Latin America Executive Summary: During the colonial period of Latin America there was a reliance on the economic prosperity of the settlements in the Caribbean and South America by countries of Europe. ... Prior to the 17th century, each country had its own colonies and benefited from its holdings. ... Neo-liberalism, in its clean structure, must be discarded. ... Latin America must consider the global realities of sustainability, information globalization, a...
The rest of the people are from Europe, Asia, Africa, Caribbean, South Central America, the islands of the Pacific and the Middle East came more towards the 18th century. ... This is a political, social, economical and effects that I will be discussing. ... This could open doors for a lot of political and economical issues that the two countries have. ... Some environmentalist point out that the unplanned development of big cities is depleting non renewable natural resources and contributing to global climate change. ... The United States in recent d...
It is often called the Great Exchange because it was one of the vastest global trades in history. ... The exchange of people, plants, and diseases from the Old World irrevocably and dramatically changed ecosystems and global politics became revolutionary for its time. ... Some of the diseases have long-term effects and they are continually on-going. ... European domination and government influenced the Americas in its language, political and legal institutions, trade pattern, and religion. ... The next century, English and French colonists would settle in North America and the Caribbean. ...
