Globalisation and economic effects on GermanyGlobalisation and economic effects on GermanyIntroduction'Globalisation' can be defined as a process by which the people of the world are unified into a single society functioning together. This process is a combination of economic, technological, sociocultural and political forces (Sheila L. Croucher, 2004).
Globalisation is the movement of goods, services and money capital, or investment across international boundaries, and in this way becomes a predominately economic phenomenon sweeping the world. Throughout this, what were formerly national companies become international conglomerates. Hence, countries are no longer seen as independent and closed sovereign states, but as part of one big economy (Wells, Sheuy & Kiely, 2001).
Globalisation not only has positive aspects on the economy for Germany, but there are negative aspects on the economy in Germany as well.
I believe globalisation has more positive impacts than negative impacts on Germany and Daimler AG will be used for an example of supporting this.
I will then explain four key impacts for globalisation as well nullify some of the main counterarguments.
ArgumentsGlobalisation has positive impacts on the economic life in Germany. But not only Multinational Companies profit about globalisation, also medium size companies need the economic globalisation for their business (Lane, 2000).
Germany is a small country in the middle of Europe with a population of 82 billion. As an industrial country, Germany transfers products all around the world (CIA, 2008). Germany is one of the biggest countries of exportation worldwide, exporting everything from luxury cars to industrial machinery to an eager world. Germany is interested in open markets (Purvis, 2008). Germany's most important trading partners are France, USA and Great Britain, and is interested in increasing trade with Asia and India. Germany has different states and all states are differently affected in the economic globalisation. Bavaria, Baden-Wuerttemberg...