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The Roman Empire The Roman Empire / Римская империя The Roman Empire had a huge task in front of them while it was first starting out and while it was becoming a dominant dynasty in the early civilizations. The main problem that the book "Discovering the Global Past" points out is how the Roman Empire found itself growing a little too quickly. The Roman Empire started out very small...

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U.S. Financial System U.S. Financial System / Финансовая система США Corporations have the need to raise capital for a number of reasons. Smaller firms need capital to start up operations. Larger firms need capital to expand operations and to finance inventory. There are various ways in which a firm can raise capital through the financial system and numerous individuals and entities...

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Microburst Microburst / Микропорыв There are many safety factors that pilots have to take into consideration while completing a safe flight. Everything has to be taken into mind when planning a flight. From weight and balance to preflight inspections. One safety factor that is impossible to have control over is weather. There are many aspects of weather that can affect an aircraft,...

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Romanian Orphanages Romanian Orphanages / Румынские сироты Imagine a hospital that, at one time ran smoothly helping the public, now with the primary objection of taking care of the thousands of abandoned infants and children. This is the reality in Romania when Nicolae Ceausescu was in power. In 1966 he created an Anti-Abortion/Contraception law in order to raise the population and...

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Introducing Christian Ethics Introducing Christian Ethics / Введение в христианскую этику The book that I have chosen to do my book review on is Introducing Christian Ethics, written by Henlee H. Barnette. This book deals with many Christian ethical decisions based on biblical foundations that are applied to various major problems. Some of the major problems pertain to the self,...

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World Trade Organisation (WTO)

Топик на английском по теме: Business / Бизнес

World Trade Organisation / Всемирная торговая организация (ВТО)

World Trade OrganisationChanges in the political environment and the technological development are factors that both have changed the opportunity for countries to trade services and products. It is easier for us to transfer information and transport the services and products around the world.

Fisher slightly describes advantages and disadvantages of globalization. He talks about different benefits and changes such as the new technology and its effects in the business world of today, and he also mentions that the markets are more open than before. He describes that the opponents of globalization claims different disadvantages, such as companies moving their production to countries where it is easier for them to produce without caring about labour laws, and that WTO and other organizations are undemocratic and that underprivileged people’s interests are neglected.

One section in Australia that has benefited by the globalization is the wine industry. It is a huge business and Australia is famous all over the world for the different wines the domestic companies produce. Since Australian wine is as popular as it is, the industry is benefited when the trade barriers and tariffs are reduced. It is easier for the different wine companies to enter new markets and to increase the sales. According to facts from the Australian government website Australia is “one of the top wine-producing countries in the world”. They exported almost the double volume of wine compared to what was sold domestically. The government helps the entire wine industry in Australia in forms of reducing barriers of trade. Countries that Australia exported the largest volumes of wine to 2006/2007 were United Kingdom and United States but also Canada, Germany and New Zealand were all large markets.

A section that has been disadvantaged by the globalization could be all the workers in the different domestic industries that choose to move the production overseas. If Australian companies expand overseas and move their production these workers will compete even
more when it comes to all the jobs available within the country. The domestic supply of labour will be higher than the companies demand and this will increase the unemployment. According to Homan domestic companies will look at the opportunities overseas and come to establish their production in other countries. The wages domestically will decrease since there are fewer jobs than usual for the workers to apply.



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