Sunday, May 13, 2007
My reflection!
More and more people began to realize the benefits of globalisation; their daily lives are closely related to globalization and they gain a lot from globalisation.
Globalisation has created more jobs and income. Globalization provides free trade that resources move to more productive area. Thus employment will increase especially in manufacturing and services industries. The more productive countries could reach higher living standards, great increasing income and experience faster economic growth.
There is increasing varieties as a result of globalization. Globalisation promoted a path to widespread prosperity and protested, so people have greater access to products and are allowed to go to different countries to buy what they want. The increasing competition ensures the qualities of goods with lowest prices,
Globalisation allows partners to gain from specializing in the producing those goods and services they do best. Producers create goods they are comparatively skilled at.
Globalisation improves efficiency in resource allocation. For example: a dish of vegetables can mean nothing to those who have better choices of what to eat, but it can be the most surprising gift to those who are starving to death. Global trade delivers goods and services to those who value them most.
Globalisation benefits all!
posted by Zhang Lin
My reflection!
More and more people began to realize the benefits of globalisation; their daily lives are closely related to globalization and they gain a lot from globalisation.
Globalisation has created more jobs and income. Globalization provides free trade that resources move to more productive area. Thus employment will increase especially in manufacturing and services industries. The more productive countries could reach higher living standards, great increasing income and experience faster economic growth.
There is increasing varieties as a result of globalization. Globalisation promoted a path to widespread prosperity and protested, so people have greater access to products and are allowed to go to different countries to buy what they want. The increasing competition ensures the qualities of goods with lowest prices,
Globalisation allows partners to gain from specializing in the producing those goods and services they do best. Producers create goods they are comparatively skilled at.
Globalisation improves efficiency in resource allocation. For example: a dish of vegetables can mean nothing to those who have better choices of what to eat, but it can be the most surprising gift to those who are starving to death. Global trade delivers goods and services to those who value them most.
Globalisation benefits all!
posted by Zhang Lin
ended entry at
3:43 PM
3:43 PM
