The term globalization is frequently used today. It has become a familiar term to most people. However, the word globalization is relatively recent. According to the Oxford dictionary, the word was first used in 1930 with the basic meaning of “one world, one planet or one globe”. Over the years, the term has been used in various aspects of life...
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Globalization is the integration of the world due to the explosion of international trade and technologies that make communication easier. Therefore, the world has become a global village in terms of values and even cultural preferences. Globalization has implication on HR practice because companies can hire global talent and use the newest technologies to manage talent. The biggest opportunity that...
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Introduction: The company that has been chosen to be analyzed is LEGO. LEGO is a company that manufactures a line of plastic construction toys and is owned by The Lego Group. It was founded in 1932 by Ole Kirk Kristiansen in Denmark initially. After passing over almost 85 years – LEGO has accomplished its transformation from a small carpenter’s workshop...
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Globalization, international interaction and growing interdependence. It has spread many new concepts and factors throughout the world over the years, medicine has become better and more advanced, imports, exports and travel are easier and cheaper, technology is ongoingly improving and global collaboration is thriving. Although, have all these developments been positive throughout? Medicine’s advancements are highlighted and a great example...
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Introduction This paper aims to survey the recent research on globalization and growth, with an emphasis on research of how cultural globalization occurring around us. To understand cultural globalization, we should first understand what the term actually globalization means. Globalization is the process in which people, ideas and goods spread throughout the world, prodding more interaction and integration between the...
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Globalization is the interconnection of state and continental economies to facilitate the free flow of goods, capital, and services to create utility where there is a deficit or surplus accordingly. Such policies are effective due to the geopolitical and economic agreements formulated in the late 1980s resulting in trade agreements that opened up state boundaries permitting international trade . However,...
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Over the past decades, the mobility of people, information, and capital have greatly spread diversity. While the process of globalization and advancement of transportation technology together have lowered the constraints of communication across long distances, they have not entirely facilitated migration movements along differing geographical routes. Globalization is the expansion of world-wide interconnectedness and global linkages, including the integration of...
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Emotional intelligence refers to the ability to identify and manage one’s own emotions, as well as the emotions of others (Emotional Intelligence, n.d.). I will analyze the four key elements and how they apply to me in my career. Victor Vroom had an expectancy theory that emphasized on two things that motivated people. I will use this theory in order...
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ABSTRACT Computers are the enablers of globalization and the propelling fuel of the fifth industrial revolution, These enablers have been integrated into our daily lives and societies, they make our lives easier by providing us with means of communication, learning, buying, and enjoying. They also pose a significant threat to our moral and social values when used in unethical ways...
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ABSTRACT Money laundering is a crime of many approaches, and a host of different laws, as countries do not always have consistent approaches. Combating money laundering, therefore, requires consideration of issues of national and international jurisdiction. The countries world-wide face the greatest challenge of protecting their economy from the menace of money laundering as it seriously affects the economic growth...
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INTRODUCTION Globalisation as a 'Concept' has become a worldwide approach to development. Although it is not a new phenomenon as we are in the third arena of globalisation. Firstly, it was Authority dominance and military power, second one was Industrial Revolution and third is basically Cyber revolution. According to Thomas L. Friedman carved up the history of globalisation into three...
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In modern societies, profound social and economic transformations have occurred in the last two decades. These changes are called globalization, Which includes the decreasing significance of national boundaries for all types of economic transactions; Increasing worldwide interconnection through the revolution of communication and information technology. Stronger tax competition between countries assisted by privatization, deregulation, and liberalization of local industries and...
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Introduction Globalization, the process of increased interconnectedness and interdependence among countries, has transformed the global landscape in myriad ways. As nations engage in more frequent exchanges of goods, services, information, and culture, the traditional notion of sovereignty—defined as the supreme authority within a territory—faces unprecedented challenges. The sovereignty of states, historically characterized by the absolute authority to govern without external...
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In Gammeltoft-Hansen and Tan's (2017) article, 'The End of the Deterrence Paradigm? Future Directions for Global Refugee Policy', three principles are put forward which are proposed as being essential in adopting an effective and durable system of refugee protection. These principles are discussed and outlined as, 'respect for international refugee law', 'meaningful burden-sharing', and a broader notion of refugee protection...
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There are myriad circumstances and actors at play in perpetuating the heinous commodification of human beings through human trafficking. Despite the grimness of that reality, hopefully in understanding the diversity of those circumstances, it will be possible to create more effective, adaptive and tailored responses to curtail its prevalence. Human trafficking and smuggling often follow an already existing flow of...
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The world began to change drastically in 1760, when the First Industrial Revolution began in Britain. Society began to rely more and more on mechanized production, followed by mass production (due to electric power) during the Second Industrial Revolution (1880-1950), and automotive production (due to new technologies and electronics) during the Third Industrial Revolution (1950’s-2000’s). Industrialized countries with capital are...
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What is global journalism? Global journalism also known as international journalism is the practice of gathering and dissemination of information across the national boundaries. It brings issues of the foreign into a global perspective or dimension. It is often confused with foreign journalism which is the presentation of a media entity in a foreign country. According to (Berglez Peter, 2008)...
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Sports a global phenomenon in human history taking the world by storm, by producing the best athletes to participate according to nationally or clubs. A test series is played for five consecutive days in two innings on the other hand, IPL matches consist for 3 hours with non-stop entertainment. Cricket is complicated to people who have never watched, played or...
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Abstract Understanding the complex human behaviours in response to climate change (CC) is important to undertake mitigation measures. The objective of this paper is to review the attitude, gaps and uncertainty of global climate change and the implications for Australia. While Australia is the most vulnerable country to climate change, an inevitable dismissive audience segments belief that climate change is...
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In a bid to aid globalisation, the Australian Government established liberal trade policy agreements with low wage economies. However, according to a manufacturing report released in 2018 by the Department of Industry, Innovation and Science, it suggests liberal trade policies are hampering the growth of Australia's manufacturing industry instead of fueling economic growth. Australia’s manufacturing industry contributes 6% to the...
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Globalization is generally understood as a natural evolutionary process resulting from developments and breakthroughs in computer science and telecommunications but Stiglitz (2002) prefers to see it as the globalization of the economy and the removal of barriers to ‘free trade’ . The writer and activist Susan George suggests that neoliberalism, the economic ideology which has been promoted over the past...
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Youth is the best to be understood as a period of transition from the dependence of childhood to adulthood’s independence. In Western societies, ‘youth’ is defined as “life stages between childhood and adulthood” and becoming independent from dependent (Kehily 2007). ‘Youth’ is often used to refer to those between the ages of leaving compulsory education and finding their first job....
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In class, our main focus is globalization. We are forced to question what globalization is, its origin, how it affects us and vice versa. As a class, we try to conjure up a time, place, and reason for why globalization is important and relevant in our lives. However, I have come to an understanding that globalization is a way of...
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Introduction The globalization strategy of Coca Cola stands as a quintessential example of how a brand can achieve worldwide recognition while maintaining strong local ties. Coca Cola, often referred to as the epitome of globalization, has successfully penetrated markets in over 200 countries, adapting its business model to suit diverse cultural, economic, and political environments. This essay aims to delve...
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Introduction Democracy, a political system characterized by the participation of citizens in decision-making processes, has long been regarded as the cornerstone of modern governance. It is a system that upholds the principles of equality, freedom, and justice, ensuring that power is distributed among the people rather than concentrated in the hands of a few. The importance of democracy cannot be...
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London is the capital city of United Kingdom. This country is part of the world thanks to the globalization. It’s a process by which the world is becoming increasingly interconnected as a result of massively increased trade (hard power) and cultural exchange (soft power). Globalization has increased the production of goods and services. The biggest companies are multinational corporations with...
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How can people be free? These were the words of the originator of the conflict theory, Karl Marx who based an entire theory on this question, where he describes the theory where he believed that people, by nature, are free, creative beings who have the potential to transform the world. But he observed that the modern, technologically developed world is...
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