Wednesday, August 12, 2020

Globalisation and Risk

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Globalisation and RiskGlobalisation is a complex set of processes involving the integration of political, technological and cultural, as well as economies. It is describes a number of processed by which culture, people, companies and information are able to move freely and quickly around the world, unimpeded by national borders or other territorial limitations. (Wild, Wild, Han, 001 6) Globalisation influences our everyday life, such as increase risk, change tradition and family, and so forth. This essay focuses on the effects of globalisation on risk.Globalisation had both positive and negative effects on risk. According to Giddens's view that risks are bound up with globalisation, it is a double-edged. On one hand, it is the certain dynamic of an innovative society and a core element of economy development; on the other hand, ecological risk has become the most serious problem facing world society. (Harry, C. B.17) agree with this point, Harry said the same view in his book that we are clearly moving into a high-risk world, global risk had both positive and negative impacts on the world's economic and ecological balances. (Harry, C. B.17 xii)I agree with their views, absolutely. Risk deeply involved with our life transformation. Whats happened in our lifetime is a transformation from one type of risk environment to another. There is much discussion of financial risk, where risk is essentially a positive wealth-generating thing. The scope of financial globalisation is a testament to the markets ability to respond to new opportunities. In instance, post-communist countries are benefiting from the increasing globalisation of financial services. Such as cross-border banking, which brings not only financial resources, but also the critical transfer of financial technologies. Also, along globalisation, tourism rapidly growing on international tourists, the economic benefits of international tourism are regarded as a contribution of foreign exchange earning and the balance of payments, the improvement of economic structures, and so on. According to the World Travel and Tourism Council, tourism will represent 11.5 per cent of world GDP by the year 006, at $7.1 trillion, and will then employ around 85 million people. (J. C. H. 184)


There is also much discussion of ecological risk, where risk is essentially a negative thing. Such as global climate change and its accompanying risks. There are directly influence by the intensifying globalisation. In instance, July 18 was possibly the hottest month in the world history. In Eilat, in Israel, temperatures rose to almost 46 degrees centigrade, while water consumption in the country went up by 40 per cent. (000) The rate of temperature increase predicted would force ecosystems to migrate quickly in order to survive. Some types of plants and animals are able to migrate more quickly than others and this could also cause problems. Insect pests are likely to migrate faster than their predators, and this could cause plagues of insects further damaging threatened ecosystems. Water expands as it warms. The expansion of the worlds oceans in addition to the melting of glacial ice masses would result in sea levels rising. Some calculate increases of 0.5-1.0 m, which would displace hundreds of millions of people worldwide who live near existing coastlines. Worldwide agricultural production would be effected. Some low-lying countries such as Bangladesh and the Maldive Islands would virtually disappear under water. Coastal wetlands, which play important ecological roles and provide homes for large numbers of species, would also be destroyed. (Global Warming, http//www.stewardwood.org)Risks are very close connecting with globalisation; many of the risk affect our life, no matter where we live, how we live, who we are. These things are coming together in the real world, and we have to bring them together in the way in which we think about them. A lot of business, a lot of government, a lot of the management of technology is essentially about the sophistication of risk management. We have to deal with such a complex situation, which is exploring the edge between the positive and negative sides of risk. World obviously need risk; no one lives a life without actively embracing risk. And the question for all of us is how you find an appropriate balance between these two sides, especially when you dont know in advance what the consequences of scientific innovation or social change will be. BibliographyGlobal Warming, Internet WWW page at URL http//www.stewardwood.org/resources/globalwarming.htm(00) Runaway world How globalisation is reshaping our lives, London Profile Books LtdJ, Christopher, H. (18) The business of tourism, New York Addison Wesley Longman Ltd. Harry, C. B (17) Global challenges, New York New York 1001Wild, J. J. Wild, K.L. & Han, J.C.Y International business, an integrated approach, Prentice Hall, New Jersey


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