Why does globalisation generate winners and losers Essay

Why does globalisation generate winners and losers - Essay Example Against this background, this essay seeks to critically analyse the extent to which globalisation can be said to be causing more harm than good to the other countries. The essay starts by defining the concept and goes on to analyse the factors that make globalisation unfavorable to the other countries. Basically, globalisation can be defined as the economic activity taking place across the national boundaries (Buckman 2004). Globalisation is a result of internationalisation of financial markets which aims to promote free trade as well as direct investment among member states across the world.  The advent of globalisation has resulted in the liberalisation of trade where the geographical barriers that used to block this kind of trade have been removed. This has resulted in people from different geographical regions becoming more connected. There are key players that drive globalisation and these include the multinational corporations, World Trade Organisation (WTO), World Bank and t he International Monetary Fund (IMF) (Rodrick 2001). Governments in different countries also play a pivotal role with regards to the concept of globalisation as they are the overall authority which would be responsible for regulation of the operations of the multinational companies. The WTO also plays a pivotal role in that it facilitates the platform through which international trade agreements are negotiated and enforced among member states. On the other hand, the World Bank and the IMF are major actors in that they provide with the needed financial assistance in the form of loans as well as technical assistance to the governments or multinational corporations that wish to invest in other different countries. However, whilst the concept of globalisation is noble in that it liberalised trade among nations, it can be noted that it is not the case the rich and powerful nations are in most cases on top of the situation where they are the ones who are seen carrying investment to lesser developed countries. This emanates from the view that the large financial institutions that should sponsor the activities of globalisation such as World Bank and IMF are controlled by the powerful and developed western nations. These developed nations have all the financial assistance they need at their disposal and they are the ones seen investing in poor and less developed countries whereas the less developed countries are not able to invest in developed countries. Thus, the flow of the wealth is often seen as one sided and there is no equality in terms of sharing of the wealth (Bond 2002). The wealth is seen flowing from poor countries back to the developed countries hence these nations will be winners while the poor countries will be losers. The developed countries aim at extracting wealth especially in rich mineral resources areas while the local people of the host country will have little to show for the investment carried out at their door step by the foreigners. The investo rs often get a huge chunk of the revenue generated from the investment carried in other countries. The local people are losers in this case as they suffer the fate of being used as cheap labour whereby they will be given very little pay that does not correspond with the amount of work they will be doing. Globalisation has often been criticized for the unfair redistribution of wealth that has been obtained in poor countries. The less developed countries in most cases do not have equal powers compared to their counterparts from the developed nations. For example, many African countries are very rich in terms of the natural resources they possess but unfortunately, most of these countries are very poor and are dependent on aid from the rich nations. Instead of

Lerisure and Tourism Marketing Essay Example | Topics and Well Written Essays - 2000 words

Lerisure and Tourism Marketing - Essay Example The principal analysis reveals that property in most of Darebin's suburbs is historically undervalued and this continues to attract residents and others from neighbouring regions to come and settle in the city. This trend is not strong enough to enable vigorous socio-economic development of the city, which is found to be disadvantaged in comparison to many other municipal council areas of Australia. So the report prepares a marketing strategy whereby this unique advantage Darebin has is utilised. The principal component of the strategy is to induce existing and lure outside investors, builders, architects, designers, property agents and others related to the trade to develop property in Darebin so that built-up space at attractive prices can be sold to outsiders. This venture is expected to generate employment as well as other local economic activities that can, together, benefit Darebin's disadvantaged population and uplift them to a higher status. Also, finally, the report states that it has been thoroughly responsible in seeking solutions that will benefit the existing population within Darebin instead of pushing them off somewhere else while replacing them with affluent outsiders.Contents 1. Introduction 4 1.1 SWOT Analysis: Significance 4-6 2. The Macro-Environment 6 2.1 Darebin Trends 7-9 2.2 Special Note 9 3. SWOT Analysis 9-11 4. Key Marketing Objectives 11 5. Conclusion 12 References 13 Bibliography 14 Word Count: 2892 (Including headings) 1. Introduction The City of Darebin may be taken to be a large municipality located in the northern suburbs of Melbourne in the state of Victoria, Australia. It is a local government area and comprises of 53 square kilometers (Darebin, Wikipedia, 2006). The city had a population of approximately 131,000 people (2002 Census) but the population is increasing. The local council website notes that though the area has been governed since the earliest times when white settlers set up their homes in the greater Melbourne area the modern City of Darebin was formed in June, 1994. It was formed by the amalgamation of the Cities of Preston, Northcote and small parts of the Cities of Coburg, Heidelberg and Diamond Valley (Darebin City Council, History Section, 2006). Since it is germane to the purpose of the report the exact geographical location of the municipality is being given. As mentioned earlier the city lies to the immediate north of Melbourne within the inner and middle metropolitan areas. It is bounded in the south by Heidelberg Road, to the north by Mahoneys Road, in the east by Darebin Creek and in the west by Merri Creek. It is comprised of seven principal suburbs of Kingsbury,