what is the effect of the globalisation???(please answer it on feb. 25,2007)?

Question

answer in now...............

Answer 1

On what? Be more specific...

Answer 2

Positive and negative effects
The term "globalization" is used to refer to these collective changes as a process, or else as the cause of turbulent change.

Economically, socially and ecologically positive: As an engine of commerce; one which brings an increased standard of living to Third World countries and further wealth to First World countries.
Economically, socially,politically, and ecologically negative: As an engine of "corporate imperialism;" one which tramples over human rights in developing societies, claims to bring prosperity, yet often simply amounts to plundering and profiteering. Negative effects include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction or inhibition of authentic local and global community, ecology and cultures.
It is often argued that even terrorism has undergone globalization, with attacks in foreign countries that have no direct relation with the attackers' own country.
Since World War II, barriers to international trade have been considerably lowered through international agreements - General Agreement on Tariffs and Trade (GATT). Particular initiatives carried out as a result of GATT and the World Trade Organisation (WTO), for which GATT is the foundation, have included:

Promotion of free trade
Reduction or elimination of tariffs; construction of free trade zones with small or no tariffs
Reduced transportation costs, especially from development of containerization for ocean shipping.
Reduction or elimination of capital controls
Reduction, elimination, or harmonization of subsidies for local businesses
Intellectual property restrictions
Harmonization of intellectual property laws across the majority of nations, with more restrictions.
Supranational recognition of intellectual property restrictions (e.g. patents granted by China would be recognized in the United States)

Answer 3

There are many positive and negative effects of globalization, in relation to many different topics. Globalization also affects different parties differently. Domestic consumers, domestic producers, foreign consumers, and foreign investors all are affected differently, as are governements. Try to be more specific with your questions.

Answer 4

There are entire books written on the subject, both positive and negative effects are discussed thoroughly...hit a library...

Answer 5

I've made a small fortune investing in Chinese and Brazillian stocks.