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Complete 8 page APA formatted essay: Identify and select a contemporary management issue from current affairs.Body Globalisation There are various perspectives which can be used to explain and define
Complete 8 page APA formatted essay: Identify and select a contemporary management issue from current affairs.
Body Globalisation There are various perspectives which can be used to explain and define globalisation. These perspectives and explanations span the historical, economic, and socio-cultural realms. For purposes of this discussion, the economic perspective shall be considered. Higgott and Reich (1998, p. 8) discuss that globalisation “might be characterized functionally as an intrinsically related series of economic phenomena”. Under this perspective, inclusive aspects of globalisation would also embrace liberalisation, the deregulation of trade activities, the reduction of state control functions, expansion of foreign direct investments, and the coordination of capital markets (Higgott and Reich, 1998). A globalised economy also means that the sale, production, and the manufacture of goods can be made on the wider global market. Labour would also be able to include the global citizenry, with a possibility of covering a more diverse, more talented, and an even more skilled labour market. The article by Schifferes (2007) discusses that globalisation seems to have a significant impact on rich and poor countries, “transforming regions such as Detroit of Bangalore from boom to bust – or vice versa – in a generation”.
