Full Definition of ESSAY. transitive verb. 1. : to put to a test. 2. : to make an often tentative or experimental effort to perform: try. â esÂ·sayÂ·er noun. See essay defined for English-language learners. See essay defined for kids.
According to(), Globalization facilitates the economic development of the countries involved through increased cross border flows of trade, investment, and financial capital. Firstly, the main positive effect of globalization on china is, the labour costs and working environment. The labour cost in china is completely low all the time when compared to the rest of world. Most of the manufacturing companies all over the world targets china because of their labour costs.
22.Yet a paradox of globalization is that as it unites it also divides the world between those who can access and manipulate the new technologies and those who are left behind, stuck, so to speak, in local tools and local contexts (Bauman 1998; also see table below).he insertion of China into the global economy has been hailed as a paradigm of the virtues of globalization in promoting both economic growth and human welfare: In 1960, the average Chinese expected to live only 36 years.