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.
In general, globalization involves economies that are opening up to international competition and that do not discriminate against international capital. Therefore, globalization is often accompanied by a liberalization of the markets and the privatization of productive assets.At the same time, globalization has obviously contributed to raising unemployment, increasing casual employment and weakening labor movements.lobalization does impact the ecologies and environments of nations, requiring safeguards that mitigate the negative effects rather than exploiting without regard to such concerns. Global warming negatively impacts all life on earth.