Longman dictionary (2nd ED) defines globalisation as the "the increase of trade around the world, especially by large companies producing and trading goods in many different countries". In this stage, I would like show some effects of globalisation on my life, especially the economy.
Firstly, more and more global companies shift their factory to the developing countrie
s to gain the cheaper labour cost and much higher profit. For example, Fisher & Paykel Appliances is moving part of its laundry manufacturing to Thailand in the end of this year. The move, 
which will take about 12 months, is expected to produce benefits of between $10 million and $15 million a year. Secondly, "trade around world" is the most important effect of globalization. In China, I can purchase kiwi fruit, pacific rose apple or milk powder, which is imported from in New Zealand. However in New Zealand, I can buy anything in any department, which is made in China, Thailand, Malaysia, and so on. In general, globalization increases my life standard, and I can get the same products made in different country. I am enjoying the effects of globalization on my life.
5 comments:
Wow,dear Flint, you had an exact definition of "Globalization". I think you must have learned the economics before, haven't you?
i looked it up from dictionary.
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