Essay about Caribbean Studies Globalization

Cipriani College of Labour & Co-operative Studies

Caribbean Studies CAS 135

Student's Identity and Number-Kevin Gouveia 2014030534

Lecturer's Name-Henry Sealy

Date of Submission-28-Oct-14

Question

Determine the term globalization and illustrate its results on small sizes states and economies. State its earnings and/or non-profitability to Carribbean countries and African, Caribbean and Pacific cycles countries which includes Trinidad and Tobago.

Intro

This newspaper seeks to define precisely what is globalization and the effects it includes on the Carribbean and Africa nations.

The positive effect can be defined as a process which is hinged on international integration strategies arising from the interchange of world views and which will aims to expand business operations on a throughout the world level. It turned out hastened by advancement of worldwide communications, transportation infrastructure and changes in the personal and socioeconomic scenery. The positive effect has had equally positive and negative effects upon Caribbean and African countries, it has been viewed by several as beneficial and proper to the world's economic development in the future nonetheless it is not limited to economics because it as well affects the cultural, cultural and political landscapes of those nations. The supporters say it is unchangeable and bound to happen for growing and designed countries likewise. As with anything else, there are also detractors who discover globalization as a means of increasing the inequality that already is present within these nations and a way of stunting the cultural growth. A lot of positive effects which globalization has taken are the following: - Increased standards of living -- These producing nations inside the regions surely have much more entry to foreign lending from organisations such and the World Traditional bank and the Worldwide Monetary Fund (IMF) so the funds gained from these kinds of loans prefer upgrade infrastructure such as freeway networks, medical, education, and social services, the standard of living in the nation increases as the population has easier usage of these facilities and a wider range of products and solutions to choose from. Entry to more control avenues – Countries surely have a freer way of trading between themselves which is could be one of the greatest benefits associated with globalization to developing international locations as most smaller countries now have access to much bigger international markets and this consequently enables them to build up new solutions, products and services via knowledge and expertise attained by the contact with these fresh markets. An example of this is the international used car industry, Japan is a major trader of foreign used automobiles to the European, American, Caribbean and Africa markets and these cars present a cheaper alternative to investing in a new vehicle and it also produces a lot of jobs in this particular sector within these types of various countries. Increased employment levels – Because intercontinental companies are now investing in growing countries, it has created huge employment opportunities for nationals of these countries. Intended for an international organization, it is cheaper to set up a production or manufacturing unit within a developing nation since labour costs tend to be cheaper and this subsequently creates work for equally skilled and lesser experienced workers. Educational enhancement – Another effective outcome of globalization is a higher educated populace. The greater advancements in interaction and technology are at the fingertips of the developing countries as well as the easy transportation so the peoples of the various nations can now access the best language schools with the simply click of a mouse or direct enrolment in a foreign college or university. A person living in Trinidad and Tobago can now check out a university in Singapore and pay attention to that country's financial sector's modus operandi and in turn go back to Trinidad and Tobago and apply that knowledge and experience to our financial...

Recommendations: 12/11/2012: The Impact of Globalization on Africa and Carribbean Economies

Speech by His Excellency Doctor Neil Parsan

http://www.ttembassy.org/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=157&cntnt01origid=15&cntnt01detailtemplate=ttdetail&cntnt01returnid=70

http://www.buzzle.com/articles/positive-effects-of-globalization.html

http://www.globalization101.org/what-is-globalization/

http://www.cepal.org/publicaciones/xml/0/10030/globalization-chap11.pdf

http://www.caricom.org/jsp/community/donor_conference_agriculture/preferences.pdf



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