Advantages of globalization in cambodia economy

OccupyTheory on 10 April, at Countries joining together economically view their own selves not just through their national identities, but as part of the world as a whole. Globalization has many benefits and disadvantages and they are here to stay. Basically, the First World or Global North countries are those that will benefit from globalization.

Advantages of globalization in cambodia economy

Globalization Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. Today goods are made and sold all over the world, thanks to globalization.

Quick Answer

Globalization lets countries move closer to each other. People, companies and organizations in different countries can live and work together.

We can exchange goodsmoney and ideas faster and cheaper than ever before. Modern communication and technology, like the Internetcell phones or satellite TV help us in our daily lives.

Globalization is growing quickly. A German company can produce cars in Argentina and then sell them in the United States. A businessman in Great Britain can buy a part of a company in Indonesia on one day and sell parts of another business in China the next, thanks to globalization.

Fast food companies open shops around the world almost every day. For thousands of years people have been trading goods and travelling across great distances. The modern age of globalization started with the Industrial Revolution at the end of the 18th century. New machines were able to produce cheaper goods.

Trains and steam-powered boats transported products farther and faster.

KI Media: Globalization in Cambodia, Cured or Cursed?

Sinceglobalization has been moving at a faster pace. Today it is easier for companies to work in other countries. The Internet gives them the chance of reaching more customers around the world. Teleworkers work for firms that may be far away. Howeverthere is a growing debate over globalization.

Governments are in favour of globalization because the economy can grow. Other people are not so sure that there are only advantages. Here are some arguments from both sides: Good sides Globalization lets countries do what they can do best.

You can focus on computers or other things.

Advantages of globalization in cambodia economy

Globalization gives you a larger market. You can sell more goods and make more money. You can create more jobs.Mar 26,  · There are many pros and cons of globalization, ranging from economic benefits to a freer, more equal labor market. Let’s start by looking at the most discussed benefit of globalization: free trade.

Free trade reduces the barriers that once stood between nations trading freely with one Nick Gibson. May 06,  · A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike.

Cambodia grow significantly in terms of the expansion in economy, creation more jobs, increased foreign investment and foreign aid. On the other hand, globalization also has impacted.

Get an answer for 'List the advantages and disadvantages of globalization. List answers, not lengthy paragraphs, please.' and find homework help for other Social Sciences questions at eNotes. Globalization is the process of worldwide integration of economic, financial, cultural, environmental, and communication system.

Globalization refers to a scenario where countries and nations around the world becomes inter-connected and interdependent for meeting their needs, both internal and external, characterized by.

Nov 26,  · Globalization in Cambodia, Cured or Cursed? Slum Areas on Mekong River: globalization has spread into Cambodia in full scale since the UN-organized election As Cambodia abandoned the Communist central planned economy and embraced a free market economy, eventually, the country has opened its door to the world in the first Author: Jendhamuni.

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