Analysis of Contemporary Society in a Global World: Key Factors

This essay provides an analysis of contemporary society within a global context, examining key factors such as migration and its economic impact on both origin and host countries, the ways in which technology facilitates international business through improved communication and logistics, and how shifts in political power influence global trade by creating both opportunities and risks. It also explores the role of the UK as a member of global society and the impact of social media on the spread of global culture, highlighting both positive and negative effects. The essay utilizes various sources to support its arguments and provides a comprehensive overview of the interconnectedness of these elements in shaping the modern world.

Contemporary Society in a
Global World

TABLE OF CONTENTS
MAIN BODY...................................................................................................................................1
1. Impact of migration and remittance to host country..........................................................1
2. Ways in which technology facilitates international business.............................................1
3. The way shifting in political power affects global trade....................................................2
4. Member of global society...................................................................................................3
5. Ways in which social media have influenced spread of global culture..............................3
REFERENCES................................................................................................................................5
BIBLIOGRAPHY............................................................................................................................6

MAIN BODY
1. Impact of migration and remittance to host country
Sources:
Kapiszewski, A., 2017. Arab versus Asian migrant workers in the GCC countries. In South Asian
Migration to Gulf Countries (pp. 66-90). Routledge India.
Quisumbing, A. and McNiven, S., 2010. Moving forward, looking back: The impact of migration
and remittances on assets, consumption, and credit constraints in the rural Philippines. The
Journal of Development Studies, 46(1), pp.91-113.
Impact of Migration. 2016. [Online]. Accessed through:
<https://www.economicshelp.org/blog/6784/economics/economic-impact-of-migrants/>.
Justification:
Migration is the way to generate income for country of origin and host nation. Effect of
migration is both positive and negative to the host country. In order to transfer the manpower as
well as knowledge and skills which provide the required innovation and knowledge for
international growth, migration plays a vital role. The income earned by migrants in another
country is fruitful for the host country. This also had great impact on the GDP of host country.
For example: there are some poor nations like Tajikistan. Around, 50% of GDP is created by
remittance amount. Furthermore, migration also improve the living standard of people living in
host country.
2. Ways in which technology facilitates international business
Sources:
Weaver, P. and et.al., 2017. Sustainable technology development. Routledge.
Obeidat, B.Y. and et.al., 2017. The impact of intellectual capital on innovation via the mediating
role of knowledge management: a structural equation modelling approach. International
Journal of Knowledge Management Studies, 8(3-4), pp.273-298.
Technology facilitates international business. 2017. [Online]. Accessed through:
<http://www.yourarticlelibrary.com/technology/6-important-ways-in-which-technology-
is-facilitating-international-business/5960>.
Justification:
There are so many technologies that are facilitating technology in many ways which also
help organisation to use within their functions and operations. International business is greatly
benefited by the technologies. With the use of new technology, telecommunication facility is
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developed and improved with the use and implementation of advanced technology.
Communication is also developed to a great extent that result in company to expand their
business to overseas. Besides this, logistic field is also developed by the use of technologies.
Company can transfer its good and services to any part of the world. The above all mentioned
sources are taken as technological facilitating international business.
3. The way shifting in political power affects global trade
Sources:
Baylis, J., Smith, S. and Owens, P. eds., 2017. The globalization of world politics: an
introduction to international relations. Oxford University Press.
Rousseau, K., Gautier, D. and Wardell, D.A., 2017. Renegotiating access to shea trees in Burkina
Faso: Challenging power relationships associated with demographic shifts and globalized
trade. Journal of Agrarian Change, 17(3), pp.497-517.
Political power affect global trade. 2017. [Online]. Accessed through:
<https://www.economist.com/buttonwoods-notebook/2016/02/03/political-power-
follows-economic-power>.
Justification:
Political factors have a great impact on the global trade. The entire performance of
business is affected by change in political environment. There are many policies and laws which
affect the whole performance and activities of global trade because there are so many laws and
rules that hinder business to trade. There are both advantages and disadvantages of political
factors on trading of business. If the political condition of country is stable, then they enjoy
foreign trade because vendors, traders trust and it created confidence among them to trade with
country. The unstable political factors add risk factors as well as lead to major loss to country.
Above sources are all about the impact of political factors on international trade.
4. Member of global society
Sources:
Wapner, P. and Kantel, A.J., 2017. Global civil society. Environmental Governance
Reconsidered: Challenges, Choices, and Opportunities, p.175.
Juergensmeyer, M., 2017. Terror in the mind of God: The global rise of religious violence (Vol.
13). Univ of California Press.
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Member of global society. 2017. [Online]. Accessed through:
<https://www.globalsociety.com.au/member-benefits-and-support>.
Justification:
In the field of trade, global, United Kingdom is the major player across world. United
Kingdom is has the largest trade relations with many countries as compared to others. It started
trade negotiation with European Union after its election in June 2016 and introduced its trading
with other countries like Australia, USA, India, China and New Zealand. In year 2017, UK was
having around 54% of total import of goods from other parts of the world and it is one of the
highest figures as compared to other countries. The above said source is included due to its
content which is telling all about the position of UK.
5. Ways in which social media have influenced spread of global culture
Sources:
Croucher, S., 2018. Globalization and belonging: The politics of identity in a changing world.
Rowman & Littlefield.
Andrews, D.L., 2018. The (Trans) National Basketball Association: American commodity-sign
culture and global-local conjuncturalism. In articulating the global and the local (pp. 72-
101). Routledge.
Social Media Effects on our culture. 2017. [Online]. Accessed through:
<http://www.frankfuredi.com/article/how_the_internet_and_social_media_are_changing_
culture1>.
Justification:
Social media has influenced the great expansion of global culture in UK. More than 85%
of population is using social media network in the UK; number is increasing day by day. Social
media platforms are becoming bank for coming time. It is one of the most powerful tools that
influence and shape the behaviour of human. The people of UK are heavily dependent on the
social media network. Social media affects the global culture in both positive and negative ways.
It helps in enhancing the relationship in between people. It also increases the social awareness
and creativity.
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REFERENCES
Books and Journals
Kapiszewski, A., 2017. Arab versus Asian migrant workers in the GCC countries. In South Asian
Migration to Gulf Countries (pp. 66-90). Routledge India.
Quisumbing, A. and McNiven, S., 2010. Moving forward, looking back: The impact of migration
and remittances on assets, consumption, and credit constraints in the rural
Philippines. The Journal of Development Studies, 46(1), pp.91-113.
Croucher, S., 2018. Globalization and belonging: The politics of identity in a changing world.
Rowman & Littlefield.
Andrews, D.L., 2018. The (Trans) National Basketball Association: American commodity-sign
culture and global-local conjuncturalism. In Articulating the global and the local (pp. 72-
101). Routledge.
Wapner, P. and Kantel, A.J., 2017. Global civil society. Environmental Governance
Reconsidered: Challenges, Choices, and Opportunities, p.175.
Juergensmeyer, M., 2017. Terror in the mind of God: The global rise of religious violence (Vol.
13). Univ of California Press.
Baylis, J., Smith, S. and Owens, P. eds., 2017. The globalization of world politics: an
introduction to international relations. Oxford University Press.
Rousseau, K., Gautier, D. and Wardell, D.A., 2017. Renegotiating access to shea trees in Burkina
Faso: Challenging power relationships associated with demographic shifts and globalized
trade. Journal of Agrarian Change, 17(3), pp.497-517.
Weaver, P. and et.al., 2017. Sustainable technology development. Routledge.
Obeidat, B.Y. and et.al., 2017. The impact of intellectual capital on innovation via the mediating
role of knowledge management: a structural equation modelling approach. International
Journal of Knowledge Management Studies, 8(3-4), pp.273-298.
4

BIBLIOGRAPHY
https://www.economicshelp.org/blog/6784/economics/economic-impact-of-migrants/
http://www.yourarticlelibrary.com/technology/6-important-ways-in-which-technology-is-
facilitating-international-business/5960
https://www.economist.com/buttonwoods-notebook/2016/02/03/political-power-follows-
economic-power
https://www.globalsociety.com.au/member-benefits-and-support
http://www.frankfuredi.com/article/how_the_internet_and_social_media_are_changing_culture
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