Defining Globalisation

The process of globalisation has had significant impacts on personal and professional aspects of lives of people across the globe. Moreover defined as “information, capital, and innovation flow all over the world at top speed, enabled by technology and fuelled by consumers’ desires for access to the best and least expensive products” (Ohmae, 1995, in Murray, 2006, p.13), globalisation has resulted in substantial implications on employment relation practices and legislations for many countries worldwide.

Globalisation supporters advocate “the elimination of trade barriers such as tariffs so that developing countries can compete in the global market, thereby reducing dependency on developed ones” (Weightman, 2011, p.21). At the same time, globalisation also has its critics who point to increased chances of economic disruptions taking country affecting other countries, greater chances of various diseases being transported to other countries in unintentional manner, violations of employee rights and the abuse of their labour in undeveloped and developing countries etc.

References

• Murray, W.E. (2006) “Geographies of globalisation” Routledge
• Weightman, B.A. (2011) “Dragons and Tigers: A Geography of South, East, and Southeast Asia” John Wiley & Sons