Hire Writer The fact that this has been taking place for so long has ensured that no country is capable of surviving on its own because nobody is self-sufficient. People today are becoming more interdependent because a global mentality is being encouraged and taught. However, true globalisation was slowed untilthe end of the Cold War, because until then the world was divided in two.
Some of the key concerns are summarized below. Economic Leakage Economic leakage refers to the movement of profit margins from primary, to secondary, to tertiary markets.
Primary markets are oriented mainly toward the production of raw commodities e. Secondary markets focus mainly upon the further processing of raw commodities e.
Tertiary markets specialize in facilitating production and trade by providing financing, access to markets, and access to information about markets e. Typically, profit margin increases as goods move from primary to secondary to tertiary markets.
Thus, a nation whose economy focuses almost exclusively upon primary commodity production will experience "economic leakage" of potential profits to nations involved in secondary and tertiary markets because it is not involved in these more lucrative ventures.
Perpetual Status A concern expressed about the WTO and other organizations that govern international trade is that nations involved in primary commodity production will find it very difficult to develop secondary or tertiary markets.
Suppose, for example, that Nation A, which is involved mainly in primary commodity production, wants to build an industry that can further develop its raw commodities. Such industrial development requires much investment of capital. Thus, Nation A might want to provide over the short run government subsidies to help the new industry bear the burden of start-up costs and operating losses until it can become efficient enough to compete in world markets.
Such subsidies would be considered illegal under current and proposed WTO rules.
Nations not yet developed enough to enjoy the increased profit margins of secondary and tertiary markets might never be able to do so under WTO regulation. Environmental Degradation Another concern expressed about globalization is that nations wishing to establish laws to protectIn arguments concerning globalisation, controversy is quite evident.
Discuss the positive and negative outcomes connected with this issue. In today’s life we often encounter terms such as “living in a global village” and “we all live in the same world”. The pro-globalization critics argue that the benefits that globalization brings to developing nations surpasses or outcasts the negative impacts caused by globalization and may even go a step further to state that it is the only source of hope for developing nations to prosper and stand.
Concerns About Globalisation This Essay Concerns About Globalisation and other 64,+ term papers, college essay examples and free essays are available now on caninariojana.com Autor: review • February 3, • Essay • Words (2 Pages) • Views.
As what concerning environmental sustainability, positive side of globalization is that it caused some countries to make a narrower range of products more efficiently. In other words, it has given them a comparative advantage.
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