what are the essential features of globalisation?
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['all societies have become interconnected.', 'international economic integration with global production.', 'transnational media systems creating a global culture, global consumerism to create a global village.', 'global tourism.', 'media imperialism.']
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A. Four essential features: Population, Territory, Sovereignty, and Government.
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Impact of Globalisation in India Foreign investment has increased. Increased competition has encouraged top Indian Companies to invest in newer technology and production methods and raise their production standards. Globalisation has enabled some large Indian Companies to emerge as Multinational.
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The basic characteristics of international systems are as follows: The character of the actors (sovereign national states, non-state actors); distribution of power (balance of power, dominance of one actor over the others); distribution of wealth (a gap among the wealthy and the poor actors);
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In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge.
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The positive effects of globalization to the Nigerian economy include: 1) Increased specialization and efficiency 2) Better quality of products at reduced price 3) Economics of scale in production 4) Competitiveness and increased output 5) Technological improvement and increased managerial capabilities.
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['High rates of growth per capita output and population.', 'High rates of increase in total factor of productivity (TFP); the ouput per unit of all inputs.', 'High rates of structural transformation of the economy.', 'High rates of Social, Political, and Ideological Transformation.', 'Propensity to trade.']
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['Instability, such as conflict between nations.', 'Implementation, such as ensuring programmes fit the local context.', 'Governance, such as political will to transform development programmes into sustainable long-term practices.']
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This phenomenon affects the international business in following ways. 1. Rise in Competition Globalization leads to increased competition. This competition can be related to product and service cost and price, target market, technological adaptation, quick response, quick production by companies etc.
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['Raw Materials: ADVERTISEMENTS: ... ', 'Power: Regular supply of power is a pre-requisite for the localisation of industries. ... ', 'Labour: ... ', 'Transport: ... ', 'Market: ... ', 'Water: ... ', 'Site: ... ', 'Climate:']
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Influence on Human Health of Changes Related to Globalization. The figure is a schematic representation of the three major domains — social, economic, and environmental — within which globalizing processes and changes are occurring.
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['Membership in a community of stability, democracy, security and prosperity;', 'Stimulus to GDP growth, more jobs, higher wages and pensions;', 'Growing internal market and domestic demand;', 'Free movement of labour, goods, services and capital;', 'Free access to 450 million consumers.']
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Answer. Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.
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Globalisation leads to poverty reduction and it reduces income inequality. The relationship between globalisation and poverty remains significant when controlled for regional heterogeneity. A non-linear analysis shows that poverty has diminishing returns to benefits from globalisation.
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In geography, globalization is defined as the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world. It is a progressive process by which exchanges and flows between different parts of the world are intensified.
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['Global Communication Challenges. ... ', 'International Employee Expectations. ... ', 'Supporting Foreign Customers. ... ', 'Increased Competition. ... ', 'Marketing and Communication Changes.']
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['Availability of natural resources.', 'Availability of raw materials.', 'Technology.', 'Availability of capital.', 'Transport facilities.', 'Political conditions.', 'Climate.', 'Efficiency of people.']