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Saturday, December 4, 2010

The solved assignment of SMU MBA MB0037 will help you writing in the examination also. The assignment question is – “Are crises, as the recent recession of 2008 shows, the essential feature of globalization?” It is the solved assignment of Sikkim Manipal University MBA MB0037 (International Business Management). I have already written an assignment on MB0037 – “Global Aspect of Globalisation in the Current World.”

The succession of crises in the 1990s – Mexico, Thailand, Indonesia, Korea, Russia, and Brazil – suggested to some that financial crises are a direct and inevitable result of globalization. Indeed one question that arises in both advanced and emerging market economies is whether globalization makes economic management more difficult.

Supporters of globalization argue that the anti-globalization movement uses anecdotal evidence to support their protectionist view, whereas worldwide statistics strongly support globalization.

The percentage of people living on less than $2 a day has decreased greatly in areas affected by globalization, whereas poverty rates in other areas have remained largely stagnant. In East-Asia, including China, the percentage has decreased by 50.1% compared to a 2.2% increase in Sub-Saharan Africa.

Income inequality for the world as a whole is diminishing. The economist Xavier Sala-i-Martin in a 2007 analysis argues that this is incorrect, income inequality for the world as a whole has diminished. Regardless of who is right about the past trend in income inequality, arguably absolute poverty is more important than relative inequality. If everyone lived in object absolute poverty, then relative income inequality would be very low.

Although critics of globalization complain of Westernizaion, a 2005 UNESCO report showed that cultural exchange is becoming mutual. In 2002, China was the third largest exporter of cultural goods, after the UK and the US. Between 1994 and 2002, both North America’s and the European Union’s shares of cultural exports declined; while Asia’s cultural exports grew to surpass that of North America.


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