Increasing business and cultural contact between countries brings many positive effects

Conflicting working styles across teams 1. Diverse cultural perspectives can inspire creativity and drive innovation Our culture influences the way in which we see the world.

Increasing business and cultural contact between countries brings many positive effects

Critical Literature Review Introduction Redding defines that globalisation as the increasing integration between the markets for goods, services and capital and at the same time the breakdown of borders.

Other researcher found that the process of globalisation not only includes opening up of world trade, development of advanced technologies such as communication, internationalisation of financial markets, growing importance of multi-national corporations MNCspopulation migrations and generally increased mobility of persons, goods, capital, data and ideas but also critical problems such as infections, diseases and pollution Braibant, Thus, from many point of views, globalisation is seen to be the borders between countries, governments, the economy and communities, increasing liberalization and openness of markets, particularly through the elimination of barriers to trade in goods and services and the development of integrated international financial market.

PRUS simplified the term of globalisation as a process of increasing connectivity, where ideas, capital, goods, services and people are transferred across country borders. Labour and employment Positive Impact However, the process of globalisation can bring more jobs opportunities in host country when MNCs move their production operation into developing countries.

According to Ramajob creation only will occur in export-processing zones where large amount of work forces are required in order to keep the production running. They stated that this investment will able to create to jobs at the plant with 8, jobs connect with local suppliers Agence France-Presse, Negative Impact Woods stated that the government of developing countries start to compete with each other by deregulate their policy to attract foreign direct investment FDI and multi-national corporations MNCs.

Hence with lower the wages and taxes rates enable the investors to avoid the risk of losing their capital invested in developing country. Research done by The Economist and Woods and found that when the government of developing countries increasing minimum wage and labour safety standards in order to protect local workers' rights, this might could cause MNCs relocate their operation to another developing countries, where that particular country's labours, who were probably willing to accept low wages by any standards, lack of union representative and legal protections such as child labour and other gross labour that abuses by global companies.

Technology transfer Positive Impact Transfers of technology depend on resource available by MNCs with the ability to achieve the level of technology development in order to make them competitively in global market. Usually developing countries unable to do research and development on their own as the technologies that required implementing the competition strategy are most likely to come from other countries through technology transfer Stewartet al.

Hipkin and Bennett stated that the extent of developing countries, participation in global economy depend on their ability to respect where the importance of technological transfer cannot be overemphasized.

There are ten modes of technology transfer which has been identified by Peter Buckleycitied in Transnational Corporations and Technology Transfer to Developing Country but the most conventional form will be whole-owned subsidiaries.

Hence technology transfer to subsidiary in other country allow developing country to learn the operation of new technology. Sometime subsidiary didn't allow local firms to learn but they somehow find their way to obtain the technology such as hiring operator from that particular subsidiary Mansfield and Romeo, Negative Impact However globalisation can also bring negative impact to developing country.

Certain MNCs transfer their technology to developing country as those technologies might cause health problem to employees as well as local citizens. Sophisticate technology bought into India but the leakages of chemical caused more thanpeople suffer from the disaster Eckerman, Social impact Positive impact Globalisation can bring good and bad effect to developing countries.

Developing able to reduce the amount of population that live below poverty level with the help of globalisation as the effect of job creation has been achieved Lee and Vivarelli, Local citizens are able to get a job and ensure the survival of their family and improve their living standard.

Increasing business and cultural contact between countries brings many positive effects

Negative Impact In this era of globalisation, social aspect is tightly related to the effect of the waves of globalisation such as living standard, career, families and their communities. In this case, globalisation are claimed that it is a method to organise someone's life which consist of assimilation, communication among people, organisation, and the government as well in other part of the world.

Hence, it was also called the method that used driven by global trade and investment aided by information technology. Besides, this issue is also directly inter-related with some other issues such as unemployment, disparity and scarcity, and environment as the chain effect of the waves of globalisation Globalisation The inter-relationship between the technology and economic is very critical and it succeeded in consisting the rise of the theoretical approaches where the centrality of changes in technology have been accepted and the dynamic force of the term innovation in the elements of economical changes Freeman, ; von Tunzelmann, According to Nussbaum and Seninvestment in technology appears to have an optimistic link to wider philosophy in developing economic interests which include social choices and freedom capability in longevity and education.

Globalisation on impact of the countries' economy Positive Impact According to Baghwati globalisation is playing the significant role of enhancing economic affluence by offering new hope to developing countries. Gangopadhyay and Chatterji saying that globalisation has been characterised as a reduction in trade barriers such as free flow of goods, services and labour from one country to another.

Richardson contends with these views as, the effect of this is increasing the trade which turn into increased income for developing countries and serves as an opportunity to stabilise their economies by taking the advantages of trade.

This statement is true and has been proving by Richardson, ; Dierks, that globalisation has greatly reduced the trade barriers between countries through adjustment of tariffs and import duties.

Negative Impact The rise in globalisation has increased capital flow into developing countries' economies. Foreign Direct Investment injects capital into developing countries in terms of stabilizing the countries' economic.

This is also a benefit that increased the countries' financing through loans and grants from developed countries Aurifeille, However, there will be net capital inflow that could lead to negative effects on trade.

Increasing business and cultural contact between countries brings many positive effects

Chan and Scarritt noted that the large capital inflows were caused by the appreciation of exchange rates and inflationary pressures that impact on the country's current account. This means that globalisation in improving the countries' economy could actually stop the progress of the economy unless the host countries' balance of payment focuses on the foreign plant where the export is more than import.Globalization or globalisation is the process of interaction and integration between people, companies, and governments kaja-net.comization has grown due to advances in transportation and communication technology.

With increased global interactions comes the growth of international trade, ideas, and kaja-net.comization . In many countries, traditional foods are being replaced by international fast foods.

This is having a negative effect on both families and societies. To what extent do you agree or disagree?

Cultural Tourism Research Group

In some countries, schools aim to provide a general education across a range of subjects. International Marketing Strategy FE VT Master Thesis Effects of cultural differences in international business and price negotiations - A case study of . With the development of human society, we have a new word, urbanization.

It is the process of transforming a modern rural society which relies mainly on agriculture to a modern urban society which relies mainly on industry and service. There are many benefits of cultural globalization. Firstly, it can increase the knowledge and information of a layman about other cultures.

Secondly, the globe has become a small village, thanks to technology like internet and satellites which brought this world so close. . A significant share of the migratory flows in the Asia-Pacific region is irregular.

The region hosts the largest undocumented flows of migrants in the world, mainly between neighbouring countries.

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