Advantages and Disadvantages of Globalisation - Essay

Added on - 17 Sep 2020

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CONTEMPORARYTHEMES
Table of ContentsTASK 1............................................................................................................................................3Advantages and disadvantages of globalisation.....................................................................3Effectiveness as well as ineffective of CSR...........................................................................4Negative effects of immigration in UK and its solutions.......................................................5Assisted dying........................................................................................................................5REFERENCES................................................................................................................................7
TASK 1Advantages and disadvantages of globalisationGlobalisation refers to integration of domestic economy with other economies in theworld in order to gain economic, financial, cultural as well as environmental benefits for theconcerned economy. In other words, it is a process in which different counties become interdependent on each other for fulfilment of various requirements (Cramer, 2017). Some of themajor advantages as well as disadvantages that have been faced by globalisation are listed asfollows:Advantages:Due to globalisation, the whole world or nation has become like one big family asdifferent people with different cultures interact as well as communicate with eachother.It has lead to improvisation of relations at international level, which has resulted inbeneficial gains for almost all the economies of world.Globalisation has enabled the mobilisation of innovative technologies from as well asto different parts of universe.The global communities are able to fight against the growing problem of poverty aswell as hunger (Asongu and De Moor, 2017).It has provided enhanced knowledge as well as education to all the individualsresiding in different parts of the world.Disadvantages:Despite of several measures undertaken, globalisation has led to an increasing gapbetween the rich and poor sections of society.The natural resources available in the universe has been exploited to its maximumlimit, which is a result of activities involved in globalisation.As all the economies of world has integrated as a result of globalisation, a slowdownin an economy adversely affects the other economies as well.
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