Globalisation

Globalisation

Name and Banner ID:

Tutorial Group:

Introduction

The latest trend of the 21st century emerged when many of the countries exchanged their cultures on the basis of their ideas, products, and world views; this phenomenon is generally referred to as globalisation. The interplay between macro - social forces and cultures is the art of globalisation. The social forces in this case include economics, politics, and religion.

The prime factors of globalisation in this case include the effective use of rapid telecommunication services which include both telephone and internet. Similarly the ease of transportation has also increased the pace of globalisation amongst countries and cultures. There history of globalisation is connected to the European voyages to hunt for new lands and civilisations however, the effectiveness of globalisation is only applicable because of the latest tools of globalisation.

The age of globalisation had begun ion the 1980s and it gained pace with the following decades until the 2000s when globalisation had ensured cross culture relations in all parts of the world. Advantages and disadvantages of globalisation are different phenomena but the four prime factors which influence the globalisation as identified by the international monetary fund are as follows. Dissemination of knowledge, movement, and migration of people, investment and capital movements, transactions, and trade.

Diary Entry 1 : The Impact of Globalisation on Chinese Economy

Date of Input

2/3/2013

Reference of the source

(Harvard style)

Zhiqiang, Lu. 2012. The Impact of Globalisation on Chinese Economy. Retrieved from http://www.google.com.pk/url?sa=t&rct=j&q=globalisation%20impact%20on%20china&source=web&cd=3&cad=rja&ved=0CDsQFjAC&url=http%3A%2F%2Fwww.chamber.org.hk%2Fwsc%2Finformation%2FPlenary%25201%2520-%2520Lu%2520Zhiqiang%2520.doc&ei=IS8yUe6zA4il4AS8ooGQCA&usg=AFQjCNF5L_Vh22BLEdL6SRh-kxn_jKixNA&bvm=bv.43148975,d.Yms

Discussion of the content of the articles

The article begins with referring to the prestigious guests appearing in front of the writer who are part of the Congress of the china. The main idea of the paper discusses the past accomplishments of china in the last 20 years. The article proceeds with a single initiative to convince the Chinese congress to be a part of the WTO to further boost its economy.

The article begins in the first paragraph where the writer defines the growth of the Chinese economy in the past 20 years where substantial statically results are included to grab the reader's attention. It defines the rapid growth of 9.6% per annum of the economy of China.

The article makes its prime focus that as globalisation is the key to success in the current era and suggests the readers of congress to be a part of the WTO to further boost the economies of china.

The article highlights the exceptional accomplishments of china as it turned from a dependent economy to an open market sharing economy where everyone is benefitted by the strengthened economy of china.

The writer makes utmost commitment in making the congress realize that the next step to continue on this rapid growth of economy is to be a member of WTO and help the world grow parallel to China this will take china as the world's strongest economic nation.

Critical review of the content of the articles

This article has a special significance upon the role of globalisation in a particular country. It transcends and relates the role of globalisation directly with their growth of the ...