How Globalization Has Effected Economy

ACADEMIC ESSAY

INTRODUCTION
The essay on the globalisation and the UK laws will be help to understand the various
CSR project and its legislation.
The Impact of globalisation-Positive or Negative
Globalisation: It is the refers as the integration of market in the global economy.
Globalisation will enhance the interactions between one nation to other or countries with
exchange of growth of the foreign currency, ideas and culture. Due to globalisation world
economy will be impacted on the business performance.
Impact of globalisation: the impact of globalisation can be positive or negative.
Positive of globalisation impact:
 Economic of the developed nation will be benefited with the globalisation with increase
the business opportunity and for developing nation globalisation will boost the economic
condition. The trading with other nation will be increase due tom the globalisation will
easy to maintain the resource in the domestic and investment of on the local business will
be developed (Hasegawa, 2013.).
 Communication will be increase and sharing informations between one nation to other
nation in terms of eduction system and other intelligence for the safety of the citizenship
will be increased.
 War situation will be reduce with the globalisation impact on then nation and relation will
be better can reduce war.
 The culture barrier can be remove if the nation will be join together and make changes in
the various development programme.
 The exposure of the different things such as entertainment, food music and clothing can
be transferred from one nation to the other countries which can be the benefited for the
business.

 Technical benefited can be taken from the different nation due in the field of the defence
and aviation sector. The developing and undeveloped nation will get the most impact will
be positive with transfer of equipment for rapid growth in the business.
 Environment factors with one countries with other nation can be given to save the
environment with their methods and technical to save environment.
Negative globalisation impact:
There are various negative impact of the globalisation which can be effect on the certain things
such as follows:
 The most common negative impact of the globalisation will be large gap between the rich
class and poor class people. The rich became more rich and poor became more poorer
 Employment: The jobs which are available for the longer time are vanish form the UK
which can be the highest unemployment and the income of the citizens will be arise the
huge gap. If the labour productivity will be increase the overall production of the nation
can be improve.
 Price: These can be the major impact of globalisation where the price will be rise of the
different goods and services in the UK. Due to the excess competition in the domestic
market have to pay extra cost on the exported products.
 Trading will be affected due to the globalisation the economic condition such as inflation
in the other nation can be affected the UK business and its currency.
 Carbon emission will be increased due to the globalisation with industrialisation set up at
in other nation business can be impacted on the UK.
The Effectiveness of contemporary corporate social Responsibility project
The most important aspect for the organisation due to globalisation the CSR activity will
play the major role to make the brand identify in any nations. CSR is the commitment made by
the organisation to practices the ethical and contribution in the growth and development of
economic it will improve the local citizens at a large.
The effective of contemporary CSR project will be more adverse in the area of globalisation will
be helpful for the organisation to make goodwill in the nations. CSR is important because of the