economy

economy

Globalisation is the phenomenon that increases exchanges of all types (information, goods, capital, people…). Globalisation is a complex process, because it relates to many different fields such as the economy, the environment, culture or trade. (Fletcher and Brown, 2005, p. 396) From an economic standpoint, globalisation results in an extension of the trading of goods and services, a progression into the internationalization of production. The post-industrialisation era gives a significant role to the international organizations of regulation, like the International Monetary Fund (IMF) or the Bank World and World Trade Organization (WTO). 

The intensification of worldwide social relations that links distant localities in such a way that what happens locally is shaped by events occurring many miles away, and vice versa. (Giddens, 1990, p. 64). By this affirmation, globalisation shows that it can have many consequences on individuals, the economy and social policies in particular. I.e. on the measurement usually taken by governments, local governmental organisations or the companies that ensure social protection, health protection and income. From a liberal standpoint, globalisation helps towards more competition and transparency, factors that increase wealth, and economic efficiency. (Aubry Eric, 1992, issue 12) 

For the critiques of this phenomenon, globalisation accentuates the inequalities, decreases the chances of intervention from the governments in national economies, therefore reducing the states margins of social protections of their fellow-citizens. The social policies are perceived here as a means to compensate the people injured by the phenomenon. (Aubry Eric, 1992, issue 12) 

The 21st century has certain worldwide economic growth prosperity. Poverty is reduced in many countries of the LEDCs: in ten years, 150 million people would have left poverty in China. As for employment, if the level of unemployment remains high in certain European...

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