Introduction to Business And Globalisation

Running head: INTRODUCTION TO BUSINESS
INTRODUCTION TO BUSINESS
Name of the Student
Name of the University
Author Note

1INTRODUCTION TO BUSINESS
The strong bonding and integration of the different forms of markets across the world that
helps in better connectivity of the global economy can be termed as globalisation. As per my
understanding globalisation is a phenomenon that increases the communication between different
nations and also helps in bridging social, cultural and regional gaps (Beck, 2018). The term itself
is a set of processes that are socially related and intensifies social interdependency. It is involved
in fostering in people and growing awareness among the people by maintaining transparency and
strengthening communication between the distant and local. I have seen that globalisation has a
huge impact on our surroundings, behaviour and attitudes. Although globalisation has increased
our connectivity and strengthened economic gaps, yet with the passage of time changes are
taking place. As I was going through the case study I can understand that globalisation has
impacted our environment to a great extent. It is responsible for the phenomenon of global
warming within various states (Chakrabarty, 2019). The effects of globalisation on climate and
environment have intensified. There has been impact in both environment and tourism sectors.
Increasing globalization has led to movement of people from distant places to other
places (Requena, Entrena- Durán & Solís, 2019). As per my takeaway, mass tourism creates
pressure on nation thereby affecting the local environment. It is responsible for the increasing
littering and pollution. Increased pollution leads to global warming, ocean warming as well as
acidification of the ocean water. The study clearly reflects that the coral reef is hampered to a
great extent. I can see that in most of the nations, tourism have a considerable share in the GDP
and it also plays a major role in employment. Recent globalization has also impacted my
company Reef Magic Cruises as the job security of most of the people is becoming questionable.
Increased pollution is resulting to coral bleaching (Donner, Tso & Rickbeil, 2018). Pollution and
degradation of the reefs reduces the footfall of the tourists every time. Thus, the profit of the