Positive Effects Of Diversification And Globalization In The Bahamas

The film Life and Debt is a documentary filmed by the award winning film director, Stephanie Black. The film examines the effects of globalization in Jamaica, from the point of view of Jamaican workers, farmers, and government and policy officials. Life and Debt shines a light on how the International Monetary Fund and the World Bank's structural adjustment policies affected Jamaica. It shows how the impositions made by the IMF and NAFTA, crippled Jamaican industry and agriculture and caused the end of Jamaica’s a self-sufficient economy. The documentary also emphasizes the difference between the Jamaica that the tourists see, and the Jamaica that the native citizens see.

Burton (2015) in her Journal, ‘Globalisation and Cultural Identity in Caribbean Society: The Jamaican Case,’ however points out that Jamaica has a unique culture and this has shaped how that countries adapts to the effects of colonialism and even globalisation.

Coverage Area: 5 companies- Coca Cola, Ford, Miljoy Group,Dabbousi international company limited and Dastia Siivous Oy in Ghana and Finland are covered in this

Finally, globalization has given way to human development through culture integration, information sharing, and competition between countries. As people disperse from their native countries they take with them their culture and ideologies. At the same time technology is rapidly advancing, allowing information to be instantaneously shared across the globe. These events culminate in the diversification of society. As opposed to living with one view of the world people can now choose from any number of beliefs or views and find others that share them.

The governments of these two places are very different. While the United States has a Federal Republic, the Bahamas had a Constitutional Monarchy and Parliamentary Democracy. The geographic features of these two places differ a large amount. The Bahamas is a chain of islands, and the U.S is one large piece of land. As said on the Bahamas website the Bahamas have no rivers. The U.S has a large amount of rivers. The Bahamas has a similar education system as the U.S. Both places start school at 5, and go to school for 13 years. Both places dominant language is English. The Bahamas and the U.S are both great places to travel too, but each place offers many different customs and cultures to learn

The Bahamas have a very unique culture in a sense that it has changed to adapt to their main industry. This main industry is of course tourism, which I was a part of. The culture is most evident in their architecture, clothing, food and music. In the Bahamas you find a unique style that makes use of stucco and brick with vibrant colors on buildings. Looking at the buildings is like looking at a summer sunset, with a nice blend of color. Furthermore, the style uses white colored accent pieces and pillars in front of

They too dressed a certain way (tank tops, cut up shorts, sandals, sleeveless dresses), conducted themselves a certain way ( speaking loudly, partying a lot, eating dinner out of coconut shells), and had their own type of lingo, (Jamaican patois). So having to go back and forth between the two as a child was tough. One thing may have been acceptable with one culture but not the other. So I had to work really hard to find the similarities, and discover a balance between the

Many companies today want to expand their business to the international business, which can bring cost down and profits up. Taking a business internationally means knowing the rules and regulations of the countries you are entering. There can be many issues with going global which include cultural barriers, diversity issues, multicultural issues, political issues, and economical issues. It is very important to know how important expansion is to the company and what implications will come from going global.

This paper explores a great number of academic research journals and databases on the impact that the tourism industry has on the countries in the Caribbean. Tourism impacts the Caribbean in three different sections. Tourism has a social impact that allows for increases in revenue, jobs, and service for the people living there. Tourism’s cultural impact allows the history and heritage of the Caribbean to be acknowledged and practiced not only here but around the world as tourists come and go. Tourism’s environmental impact effects the natural and geographical diversity that can only be found in these countries. Although tourism brings about many advantages in all three categories, there are still negatives attributes that appear from tourism that must be handled properly to maintain a successful industry. This paper examines 12 different research journals that suggest all of the positives and negatives of tourism in the Caribbean and how they can effect not only the tourism industry but the area in which they are practiced.

Culture can be defined as the way of the life of a people, with regards to both the material and non-material aspects. However, as a result of a developing and maturing society, in addition to the birth of various generations and external influences, these “ways of life” can be inadvertently retained, renewed and even discarded. Our own Caribbean society, specifically Barbados is not exempt from such occurrences.

Globalization is the integration of the worldwide economy in which resources and products move freely across the globe. Globalization has been present for decades however it has predominantly become a more frequent process and has potential good and bad effects on the world of business. Problems can include competition in manufacturing jobs and unemployment in industrialized countries. However, this can also be beneficial in other situations as globalization gives you a larger market trade will be cheaper so more countries can import and export goods which can bring in profits to multi-national corporations.

Across the world, globalization is one of the most significant aspects that has occurred over the last fifty years. It allows a country to integrate economically with other countries through a global network comprised of people, trade, and transportation. With the global landscape only becoming more intertwined, globalization and its inherent pros and cons seem to be here to stay. In many areas, global powers tend to lack in rectifying the negative aspects and only focus on the positive side. America, for example, is a leader in the globalization efforts, even though it has greatly effected job opportunities at home, widening income gaps, and an increased standard of living due to fluctuating world markets.

Globalization involves "shrinking" or reduction of the world as well as an increased consciousness in regards to the world as a whole. Globalization is a term which is used in the description of changes in societies and the economy of the world which results in a dramatic increase in investment, cross border trade s well as cultural exchange. Globalization is dominated by nation states, economies of national and the cultural identities of nations. Globalization creates an interconnected world with a global mass culture which is commonly referred to as a global village (Egnatz, 2011).

In today’s world, with a few notable exceptions, nearly everyone in every region of the world has access to the same products, information and services. A long-distance relationship is no longer so distant, since each party involved in the relationship can communicate through Skype, Facebook or through any of the vast amount of social media available. A person in Easter Island, one of the most remote inhabited islands in the world, can go to the other side of the world and travel to Canada. An economic crisis in Argentina could affect the economic landscape in Brazil. A person in Chile or Peru can buy an Abercrombie and Fitch t-shirt because this transnational corporation decided to expand its market to developing countries, or as you might prefer, to emerging economies in South America. Although many of these examples might be trivial, these are the consequences of globalization.

It has influenced the rise in crime as more persons become squeezed into smaller living areas, which are densely populated. The crime rate escalates as the persons in the densely populated areas desire to climb out of these areas and obtain the lifestyles of the tourists who look prosperous and the “other” Bahamians who are enjoying the “good life”. In order to obtain the “American Dream” as seen by the tourists who come to the Bahamas, some factions of the Bahamian youth turn to selling drugs, prostitution, gangs (which give them the perception of power) and ultimately taking drugs. The desire to become wealthy quickly then causes a proliferation of the drug culture. The drug culture negatively affects other factions of the Bahamian populace as it causes an increase in burglaries, rapes, home invasions, murder etc.