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Globalisation
DickStacy | 
Australia Grayhound_1_EG_0 
I have my final exam coming up but I wanna procrastinate so here I am, talking about globalisation so here's my weird flex There is a common misconception that globalisation is about trade and trade relationships between countries which of course include free trade agreements (FTA) and protectionary methods like tariffs and quotas. However there are 5 steps of Globalisation: -International Trade of Goods and Services -International Financial Flows -International Investment Flows and Transnational Corporations (TNCs) -Usage of Technology -Movement of workers between countries a.k.a migration With the trade of goods and services, there are FTAs and protectionary methods, which is normally the first thing people think of when talking about globalisation. FTA is good because there will be more trade and thus, economic growth. However this also negatively affects environmental sustainability and will cause negative externalities. If two economics don't have an FTA, they'll probably be using protectionary methods such as Tariffs and Quotas. Positives: Economic Growth, An increase of living standards, HDI increases etc. Negatives: Negative externalities and crap environmental sustainability International financial flows is basically the movement of finance between countries, which are part of a country's Balance of Payment's (BOPs) Current Account, which also includes Trade. These Financial Flows are under Net Primary Income (NPY) and Net Secondary Income (NSY) where NPY covers borrowing from international banks, interest repayments or dividends whereas NSY covers people sending movey overseas, like if someone was working overseas and sent money to his family back in his home country. Positives: Money Negatives: Debt International investment flows and TNCs is when people invest in property and other things in foreign countries. These two investments are Portfolio and Foreign Direct Investment (FDI); Portfolio is when someone buys shares into a company but less than 10% because they don't want to have control in the business, they just want to earn dividends while FDI is when someone wants to control part of the business, perhaps starting a business overseas, buying land or buying more than 10% of the shares. Transnational Corporations? They're just international businesses. Another investment group are speculators, which are people who invest in another country's currency Positives: More businesses, more employment in the long term Negatives: More unemployment in the short term, speculators - currencies become more volatile Technology is important in globalisation because it means we are able to trade and whatever. The two main types of technology are communication and transport where communication is how people may communicate more easily overseas, do business deals, send money etc. while transport is how they move goods from one place to another, easing exporting and importing. Positives: Everyone gets closer, easier movement of people as well Negatives: Don't remember there being one Migration is something that is commonly forgotten when discussing globalisation, along with financial flows and investment flows. Migration is the movement of workers between countries and is pretty important for many reasons such as current wars and issues going on within countries. Positives: More people in the workforce, more variety in skills for the job Negatives: Oversupply of the labour market It's not about globalisation being inevitable, it's about how effective globalisation really is. TLDR? Yes.
2019-10-21 00:05
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#2
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Ukraine NAVl 
Meh, garbage
2019-10-21 00:07
Sorry is that NaVi speaking?
2019-10-21 00:09
#5
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Ukraine NAVl 
No, I'm NAVl
2019-10-21 00:09
Sorry is that NAVI speaking
2019-10-21 00:11
#9
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Ukraine NAVl 
Did you write it with an l or an I? If it's an l then yes, it's me speaking.
2019-10-21 00:13
Actually I used an I instead of an l so yeah
2019-10-21 00:14
#12
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Ukraine NAVl 
Whoa bro you crossed the line now fr
2019-10-21 00:16
Sorry man didn't realise until you said that. I shall now call you... NAVl because I know know you are supposed to use l instead of I
2019-10-21 00:18
#41
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Europe g4nl0cK 
I l |
2019-10-21 14:13
So basically I still got it wrong
2019-10-22 03:03
#4
JW | 
Canada LiquidTop1 
not gonna read ur essay
2019-10-21 00:09
TLDR? Yes.
2019-10-21 00:13
#10
JW | 
Canada LiquidTop1 
Ok
2019-10-21 00:13
No worries
2019-10-21 00:55
TL dr pls
2019-10-21 00:10
For some reason I could only see this now. #19
2019-10-21 10:29
tldr?
2019-10-21 00:30
Uhhhh... Globalisation isn't just about trading. Globalisation is how economies get closer and is through trading, financial flows, investment flows, technology and migration
2019-10-21 00:38
did you take an economics 101 course?
2019-10-22 03:21
Also... Yes.
2019-10-21 00:39
#16
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United Kingdom dcrawford101 
BREXIT M8T
2019-10-21 00:33
Doesn't mean they won't be globalised, they'll just not be part of the EU. As a result, they won't have free trade with other European countries unless they make an agreement. This also definitely affects migration as you simply just can't move between countries and your VISA. this may also indirectly affect investment flows as people will be less inclined to invest in a country that has just the dumbest fucking decision of their history. However of course, this doesn't really affect financial or technology because technology is just communication and transport which just won't change and won't change movement of finance because that is dependant on borrowings and sending money overseas etc.
2019-10-21 00:37
+1
2019-10-21 00:34
Shameless boop
2019-10-21 10:20
tsdr
2019-10-21 10:24
#19
2019-10-21 10:30
way tsdr
2019-10-21 13:50
then #19
2019-10-22 03:05
but it's ts dr
2019-10-22 08:40
oh... well i dont got anything bigger
2019-10-22 09:04
Ok, thanks and bye!
2019-10-22 09:08
No worries
2019-10-22 09:13
Umm... I have a Masters in International Trade, all you need to know to pass is how to manage transnational companies with an ethnocentric to a geocentric orientation through using the theoric strategy such as Internationalisation and not multi-domestic to retain the core competency of the business. If we can overcome this, nations can reduce the conflicts of interest and produce in absolute or comparative advantage and benefit both nations' trade balance, promoting GDP, GNI and reducing barriers to entry. Technology plays a key role in globalisation but companies should not jump Gung-Ho into acquiring such tool as there is a hidden transaction costs in learning and import costs. So, in international business the key goal in an economic standpoint is to stick to the nations' strengths and outsource any weaknesses, while the key goal in a firm is to exploit cheap resources across border and eliminate the distance of the gaps between nations and market to developed nations that they are assisting the economy of the developing nations, but they are actually exploiting (no one is going to fly over to see if a school and irrigation system is built for them), so cause related marketing is the way to go. So in hindsight, what is International Business and Trade? Exploit developing countries cheap labours and lands, create propaganda to your parent country that you are doing a splendid CSR, overcharge your customers and sell the same phone when it hit a declining stage in product maturity for 10x cheaper in the developing nations. Win-win for both countries. Saved you 5 years of education here. Kthxbye
2019-10-21 10:54
Thanks. I was actually hoping to do Accounting or Finance but I'm just trying to get ppl to help me if I screwed stuff up over there or if I got my stuff correct since I wanna pass the HSC. I was also wondering is your masters in International Trade related to both Economics and Business Studies because I know that globalisation, economic growth and the Gini Coefficient are all part of Economics but Corporate Social Responsibility. ethics and the product life cycle of a business/product are all part of business studies But yes thanks alot
2019-10-21 12:39
Why are you talking to yourself?
2019-10-22 09:51
Globalisation is a bad thing. It destroys local cultures. States should be more conservative about this.
2019-10-21 11:05
Only the migration and cultural spread (tv shows etc) aspects of globalism do this, trading goods or technology is fine and doesn't really have a negative consequence except when trading with a less regulated state that can outcompete local workers due to less environmental laws, workplace safety and employee protections (minimum wage). The real problem comes in when some idiot politician tries to make a quick profit by importing third world slave labour, like the west is doing now. It makes money in the short term, but the cultural and biological differences between ethnic groups means a multiracial society will never be stable or prosperous in comparison to a homogenous one.
2019-10-21 11:14
There's also the major issue of dumping which will reduce international competitiveness
2019-10-21 12:41
+1 Sadly biocultural anthropology is not in our zeitgeist. People don't get that more complex societies create and require higher IQ otherwise they collapse. Immigration and interbreeding (worse because non-reversible) is leading our civilization to impeding doom. Also why African development is a myth, they already reached their max biological potential and live on foreign assistance and technical transfer.
2019-10-21 14:11
Yes, I fully agree with all of this, culture and society is generally an expression of group genetics. Africa is the natural state of africans, and to try and force them in to developed, civilised society is an exercise in futility. We can even see in the USA, where africans have lived for hundreds of years, they create neighbourhoods that closely resemble the conditions of native Africa (poor, violent ghettos). We have decades or even centuries of research on differences between human racial groups in terms of cognitive ability, impulse control, concept of time, etc, but since ww2 this science has been ignored in favour of the foolish notion of human equality. If we continue along our current path of ethnic replacement and mixing, we doom humanity to regressing massively, perhaps back to the stone age even. Perhaps south-east Asia will carry the torch of civilisation, they have the IQ for it if not the creativity and philosophical spirit.
2019-10-21 14:50
+1 Despite the fact that education and nutrition play some role (~20% of IQ) and that the Afro-Americans are mixed with non-African genes, the immense majority still can't cope up with Western complexity. Africans have no hope here.
2019-10-21 15:18
Again, it's the effectiveness as well as how a Government may use their policies to withstand it
2019-10-21 12:40
ok, so what is the point of your post? you didn't ask any question or anything to discuss, do you want critique on your essay or what?
2019-10-21 11:09
I need to be critiqued on what I remember cuz I'm actually failing Economics and need to pass this HSC exam since... I'm the bottom rank of my class
2019-10-21 12:34
just say the usual Marxist shit about how globalisation is amazing and diversity is our strength, that's been my university experience.
2019-10-21 14:51
Well HSC experience covers globalisation, government policies, international organisations etc.
2019-10-22 03:05
#37
kNgV- | 
Italy InSuu 
Economic globalisation is good but cultural is really bad
2019-10-21 13:53
+0.5
2019-10-21 13:54
#48
kNgV- | 
Italy InSuu 
y?
2019-10-21 18:33
You're not really getting the idea. More trade means more people can buy stuff and as a result, living conditions will increase as well as HDI so cultural is affected in good and bad ways (the way you may change but also possibly for the better)
2019-10-22 03:07
You should get back to those exams
2019-10-21 13:54
It's in 2 weeks
2019-10-22 03:08
Good luck!
2019-10-22 09:39
Thanks man
2019-10-22 23:45
What subject is the exam for?
2019-10-22 23:56
Economics, this is not even one chapter but still pretty important
2019-10-23 03:15
#42
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Sweden jumpex 
Thank you. I have a globalisation exam tomorrow.
2019-10-21 14:14
Good luck if you actually do
2019-10-22 03:08
#72
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Sweden jumpex 
Hey man. It went well today and your text helped me realize what I didn't actually know. Thank you so much
2019-10-22 17:12
Sweet. I'd send an "ok" emoji but HLTV doesn't do that so (thumbs up)
2019-10-22 23:44
All in all that's pretty good , though Globalization is just a fancy way of saying Libertarianism. Refugee programs or any policy in which government actually finances the migrant however , have nothing to do with Libertarianism nor Globalism.
2019-10-21 14:19
Icic, but when a Government finances migrants, that would be considered as Fiscal or Microeconomic policy and globalisation right?
2019-10-22 03:10
No , that's just straight statism and anti immigration policy , remember , if you seek to achieve equality before the law you CAN'T have any levels of assistentialism. You'll ALWAYS have poverty no matter what , so literally financing foreigners entire life is not only irresponsible , counter-intuitive and counter-productive , but it also destroys equality before the law and basically forces you to massively intervene and regulate migration , this is why the countries with the highest level of assistentialism are the most anti immigration countries in the world. When i see edgy kids saying that Sweden is "cuck cuz open borders xd" i just cringe. In technical terms , a refugee program would absolutely be a very serious MACRO Economic policy , not micro , you wont get many micro sized economic policy at the federal level.
2019-10-22 04:08
Icic. And when I meant government fincances migrants, I was trying to undertand what you meant by "any policy in which government actually finances the migran"
2019-10-22 04:34
#44
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United Kingdom InsipidAsh03 
Why is economics so unbelievably boring
2019-10-21 14:24
I just need marks
2019-10-22 03:10
Good luck for hsc my friend
2019-10-22 09:42
Thanks man
2019-10-22 12:02
Malthusian and anti-human in every way. If you're actually in favor of what the globalists are trying to accomplish, you are either evil or ignorant.
2019-10-22 09:50
So i guess letting people get closer using internet and through instagram or HLTV is malthusian and anti-human. I also guess letting a war migrant work in your country inhuman although they want to get away from a war and live elsewhere
2019-10-22 12:04
I'm gonna go with ignorant.
2019-10-22 12:53
Uhhhhh
2019-10-22 23:45
Who gives a flying shit about instagram? You think globalism is a good idea because of fucking instagram? War migrants? Where? There are barely any war migrants in Europe, they're all being influenced to come here by the globalists, throw their ID papers away and lie about their situation in order to enjoy better economic conditions at our expense. It's a ploy to lower the cost of labor more than anything. Globalists are trying to create the perfect business environment, at the cost of everything that is good in the world for ordinary people. If you agree with that, you are evil. If you don't see that that is their goal, you are ignorant. Pick one.
2019-10-23 09:38
And now you clearly don't get it. Globalisation isn't an idea, it's an actual thing that's already happening and will always happen... until we're all dead that is. The internet is what connects us, Facebook, Snapchat whatever not just "fucking instagram" ya mongol. What do you mean what War migrants? Ever heard of Syria and Hong Kong and let's not forget, you can have migrants from just anywhere, since not every migrant is an immigrant. There are also migrants from India, Bangladesh, China and Pakistan. Migration is good because for the migrants, they want to live a better life and have better opportunities while for businesses, they can utilise skills and have more employees. However, this can also lead to the oversupply of the labour market which will lead to a higher unemployment rate and potentially a lower Human Development Index, worse Gini-coefficient and a reduction of Economic Development. If you haven't also realised, the oversupply of labour LEADS to labour costs lowering, not an excuse If you still haven't realised you mongol, Globalisation is the connections between the world, people and countries getting CLOSER. Businesses don't control globalisation, they merely influence and are influenced by globalisation. They trade, they transport, they connect others, they employ and they can invest or make new businesses while people (consumers) can buy and sell things, they can send stuff like mails or packages, they can send money overseas to their relatives, they can communicate with others and they can surely enough invest in shares. There is nothing ordinary about people, we are all run by human nature, we can manipulate each other but we can also help each other. It's not about if Globalisation is good or not, it's merely how effective it can be in bringing people closer. Globalisation will affect businesses as much as it will affect the people. If you don't understand, you are an absolute moronic troll and don't even deserve to talk about economics. If you don't like globalisation, don't buy goods or services from businesses, don't go online. Why are you even here talking to me
2019-10-24 00:55
I can see you have studied economics. My condolences. As a footnote you should study up on Syria. What really happened there, and how many migrants are actually fleeing from violence.
2019-10-24 10:45
I have my exam in 2 weeks and scared as fuck. My textbook says 4.2 million have left Syria to find a better place to live and I also forgot to say, some people also want to move from developing economies to high-income economies due to more opportunities. Textbook hasn't actually said much about Syria but it did talk about why people do migrate so Syria just instantly came into mind. But thanks for the info. By Violence, this relates a bit to the protests going on right?
2019-10-24 10:54
Get your exam I guess, but realize that most of what you have learned is complete shit. There's nothing worse for your critical thinking skills, and your humanity, than attending economics classes at a university.
2019-10-24 11:06
this is my year 12 HSC exams and will judge whether I make it into uni. I'm not doing economics fuck that 2 years of pain is already enuf
2019-10-24 13:21
Do yourself a favor and don't go to uni. Maybe they were once good but now they're just ideological indoctrination centers.
2019-10-24 13:30
I still wanna do accounting, Finance or work in Human Resource Management
2019-10-25 13:01
I am not on hltv to read about globalisation bro. I'm here to read about politics 😎👍
2019-10-22 12:55
Ayeeee yea I don't got that sorry
2019-10-22 23:44
#79
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Guatemala Pakal_I 
shut up, stupid science bitch (THIS IS A JOKE ADMINS, PLEASE DO NOT BAN ME FOR MY JOKE)
2019-10-23 03:23
It's not stupid science... it's SOCIAL SCIENCE DUN DUN DUN
2019-10-24 00:57
#86
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Guatemala Pakal_I 
oh i'm sorry shut up, stupid social science bitch (ditto)
2019-10-24 01:17
ok sowwy
2019-10-24 10:55
#80
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Sweden Golden_shower 
good luck bro
2019-10-23 03:24
Thanks man
2019-10-24 00:56
stop writing and go play cs
2019-10-24 01:00
But then I would fail even harder
2019-10-24 02:32
#92
SolEk | 
United Kingdom Nik0l4yy 
Wait are you learning this at Uni? Your economics knowledge is even weak for a school student
2019-10-24 11:33
plz help fix. This is highschool
2019-10-26 10:31
2/10 tbh, gl in ur exam
2019-10-24 11:40
Thanks. Recommendations?
2019-10-26 10:31
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