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Contemporary Themes : Assignment

   

Added on  2020-10-22

6 Pages1326 Words215 Views
Contemporary themes

Table of ContentsMAIN BODY...................................................................................................................................1Global Identity............................................................................................................................1Artificial intelligence..................................................................................................................1The Purpose of Business.............................................................................................................2The value of Life.........................................................................................................................3REFRENCES...................................................................................................................................4

MAIN BODYGlobalisationGlobalisation is the spreading of technology, products, information as well as job acrossnational borders and cultures (Gao, Zhang and Mittal, 2017). In other words, globalisation isrelated to the integration of markets in the global economy which leads to enhanceinterconnectedness of national economies. Globalisation is bringing numerous of advantages tointernational producers as well as national economies such as :- Globalisation result in enhancing flow of inward investment within nations this generatebenefits for recipient countries. These advantages involve the sharing of knowledge aswell as technology among countries. In long duration, globalisation increase trade which result in creation of moreemployment in all the countries who are involved. Access to larger markets means organisation may experience high product demand ofproducts or services. Along with this, advantages from economies of scale which result inreducing average production cost. Moreover, globalisation is social, political, cultural and legal phenomenon. Explanationof these are as follows :-Social – At social level globalisation result in higher interaction within large number ofpopulation. Political – Globalisation has shifted attention to intergovernmental association such asUnited Nation as well as World Trade Organisation. Cultural – It reflect the exchange of values, ideas as well as artistic expression amongcultures. Globalisation also represents trend for the development of single world culture.Legal – Concept of globalisation has been altered how international law are created aswell as enforced.Hence, globalisation is beneficial for company because it result in rising living standardsas well as create employment opportunity for unemployed people. Artificial intelligenceArtificial intelligence (AI) is an area of computer science which emphasizes thedevelopment of intelligent machines. All these machinery work as well as react like an human1

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