GLOBALISATION= Growing integration of national economies into a global
market economy, in which almost all areas on earth are interconnected.
-Increased free trade between nations
-Increased liquidity of capital allowing
investors in developed nations to invest in developing nations.
-Corporations have greater flexibility to operate across borders.
-Global mass media ties the world together.
-Increased flow of communications allos vital information to be shared between individuals and corporations around the world.
-Greater ease and speed of transportation of goods and people
-Reduction of cultural barriers increases the global village effect
-Spread of democratic ideals to developed nations
-Greater interdependence of nation states
-Reduction of likelihood war between developed nations
-Increases in environmental protection in developed nations.
-Increased flow of skilled and unskilled jobs from developed to developing nations as corporations seek out the cheapest labor
-Increasedlikelihood of economic disruptions in one nation affecting all nations
-Corporate influence of nation-states far exceeds that of civil society organizations and average individuals.
-Threat that control of the world media by a handful of corporations will limit cultural expression.
-Greater risk of diseases being transported unintentionally between nations.
-Spread of materialistics lifestyle and attitude that sees consumption as the path to prosperity.
-International bodies like the World Trade Organization infringe on national and individual sovereignty.
-Increase in the chances of Civil War within developing countries and open war between developing countries as they vie for resources.
-Decrease in environmental integrity as polluting corporations take advantage of week regulator rules in developing countries