Globalisation Is Just Americanisation By Any Other Name - Essay Example

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Globalisation Is Just Americanisation By Any Other Name

It's true that capitalism is a global dispensation. The globalisation expedites its exploitation of the world market given a cosmopolitan character to production and consumption in every country. According to the economic statistician Angus Madison, from 1820 to 1997 National Income per head (the best indicator of the standard of living) rose nineteen times over in the advanced countries. In the less developed countries the increase was just 5.4 times over. With the introduction of globalisation, the gap between rich and poor nations grew ever wider. It's getting worse. According to the World Bank's 'World Development Report' average income in the richest twenty counties is 37 times as high as in the poorest and the gap has doubled in the past twenty years. At present 1.3 billion humans subsist on $1 per day or less. These people are in absolute poverty, and there are nearly 100 million more of them than ten years ago. The capitalism has developed the productive forces, at the same time has failed to eliminate poverty. The Globalisation is an undeniably US process. It has taken off as a concept in the wake of the disintegration of the Soviet Union and of socialism as a viable alternate form of economic organisation. The globalisation is the rapid increase in cross-border economic, social, technological exchange under conditions of capitalist.The capital globalisation means two things. First there is the globalisation of accumulated $25 trillion of 'derivatives' swilling around in the global economy. ...Show more

Summary

Globalisation is just Americanisation by any other name. An author of the present essay will discuss this statement with reference to the arguments for the country-of-origin effects. Additionally, the paper shall represent a general information about globalization.

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