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Disadvantages Of Globalization Essay

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Globalisation has some advantages which are as follows: 1. Resources that comes from different countries are used to produce goods and services efficiently 2. Consumers are able to have a large variety of gods to choose from which in turn develops and enhance the profits 3. Companies are able to produce the inputs and output services and goods that are cost competitive. 4. There’s a large variety of investments 5. Consumers get the product they want at more competitive prices. 6. Companies can now gain access to many markets in terms of resources. Cultural diversity Cultural diversity is defined as a large variety of people from different societies, ethnic groupings and races that are found in one society. Ii is somewhere viewed as a way of accepting and appreciating all different people in the workplaces, contains …show more content…

The employees from different cultural groups could now be employed without their culture or rage or even age. The division of labour in workplaces developed rapidly as all employees had the right to apply for any job, without them being discriminated against the factors that were laid by the Employment Equity Act. Social change in the organisation At the past there was no better communication between the master and servant, servants were told how to do tasks and on what time those tasks should be completed. There were new working classes in South Africa whereby employees would be grouped according to how the work in organisations so as to know those who are effective enough. Nowadays there is a better communication between the employer and employee, and there are unions that act on behalf of employees for better working conditions and fair treatment in the

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EXECUTIVE SUMMARY EMPLOYEES RETENTION Employee retention means to retain the employees in the organisations and not giving them chance to leave the organisations at any cost. The burly block for any organisations is just not to get the best employees for the organisations, but to also retain them in the organization. There are number of reason because of which an employee leaves or try to quit the job, some of them are: 1.

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Today’s most business primary concern is retaining workforce diversity. Recognizing the importance of diversity in the organization and effectively manage to ensure the organization and its valuable diverse employees are growing hand in hand. Rising of immigrants’ employment opportunity, joint venturing business globally has equally brought an opportunity for shared values, exchange of cultures and intelligence to widen the opportunity for business enterprise and also a platform for employees to reach target goal.

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This paper will explore both the advantages and disadvantages that globalization has on the world. Globalization is good for economy. First, Enterprises can operate internationally, and production can be produced internationally. Similar to poor countries like Africa, although they are poor, they have a lot of cheap labor, other countries will make their goods

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Introduction Globalisation is the process that brings together the complaints nations of the world under a unique global village that takes different social & economic cultures in to consideration. First this essay will analyse globalisation in a broader term, second the history and foundation of globalisation that were intended to address poverty and inequality, third the causes that lead to globalisation and the impact that globalisation has on the world’s economy. The participation in the global economy was to solve economic problem such as poverty and inequality between the developed and developing nations. What is Globalisation?

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Economic globalization refers to the free movement of goods, capital, services, technology and information around the world. Since the 1990s, due to the improvement of advanced communication technologies and the rapid expansion of multinational corporations, economic globalization has become an important trend of the world economic development. This trend not only provides a broader space for international markets for all countries, but also aggravates the competition among countries for market and resources. Economic globalization is an inevitable result of the development that no country can evade. In this paper, we will discuss that economic globalization is beneficial or not to developing countries.

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First of all, the most obvious advantage that the globalization brings about is that goods (such as car, laptop, smartphone, etc.) produced in one country can be sold in other countries .For the developed countries, now the can easily export their products and services to other countries to earn money. And for the developing countries, it can create opportunities of employment and reduce poverty, which is very good for the economy. The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country. And in return, the developing countries let the developed countries’ companies do business in their countries.

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However , the following are the benefits of globalization. They are as follows. 1. Globalization creates opportunities for the socio economic development among nations or state. 2.

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