The Impact of Globalisation on the Economic Development of Cameroon

Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.

Globalisation is the process of integration of national economies through international trade of markets in goods and services, international trade in assets, and international spread of ideas, from consumer tastes to intellectual ideas (Frankel, 2006).

A process known as globalisation links different countries around the world together through different ways such as trade, investment, migration, internet, social media etc. Global trading is a major aspect of globalisation where different countries import and export goods and services with other countries. Globalisation has significantly changed over the past 30 years. Economies of scale has led to an increase in the production of goods, thus, created the need for expansion of markets beyond domestic boundaries. In addition to merchandise, various types of services are rendered to customers globally. This includes IT support, tourism, financial services etc. Globalisation has led to an upsurge in trade, multinational corporations, greater dependence on global economy, and easier movement of capital, goods and services and

Globalization is a big part of the world. It is uniting every civilization around the world and allowing for different people to interact. Globalization is occurring in many levels; in a religions level, in a family level, and in a country level. Globalization is happening whether we like it or not. Globalization is allowing countries to interact in different ways that were not possible before.

What is a globalization? It is the tendency of businesses, companies, or technologies to spread throughout all over the world. Sometimes it called the global economy. It is represented as an interconnection of businesses and marketplaces with unhampered by national boundaries. The globalization is important for every people around the world, especially the people in the United State as a system that will make people go to the civilization. Although globalization is the way of civilization, it is still promoted inequality in the US in the world by perfidiousness and oppressed of employee, and also preform like a wall for people in the US to achieve their American Dream harder by taking advantage in the business between an employer and employees.

Globalization: Globalization can be defined as the incorporation of national markets through trade, asset, capital flow, labor influx, and expertise. It emanates from the eradication of barricades among national markets to spur the flow of capital, labor, services, and goods. Whereas the removal or eradication of quotas and tariffs like the GATT that limits free and open trade between countries.

Globalization is a major force in the world today. It is a force of progress. Some would argue that the consequences of that progress are viewed more like necessary side effects than avoidable setbacks. However, globalization can increase quality of life in places where it would have been too costly to do so before. One such place is Burkina Faso. A small country situated in western Africa just north of Ghana. In the case of Burkina Faso, the country is benefited by globalization. The improvements to medical care, agricultural advances, and political leadership outweigh the negative effects of the economic expansion, such as income inequality. On the whole, globalization has been good for Burkina Faso.

Frequently, people are unclear of exactly what Globalization means. Globalization is the tendency of the world's economies to act as a single interdependent economy. It can be described as the increased movement of people, knowledge, ideas, goods and money across national borders to make the world more unified in a sense. Globalization is often thought of in economic terms but as we know there are other components with this idea like, economics, and cultures. There is a huge debate of whether or not globalization is positive or negative.

Globalisation can be defined as the movement toward economic, financial, trade, and communications integration by countries and their populations globally. It is a constant process and it has resulted in the intertwining and generalisation of the needs and wants of people

Globalisation is a process of interaction and integration among the people, company, and governments of different nations, a process driven by international trade and investment and aided by information technology. Globalisation usually refers to the rapid increase in the share of economic activity taking place national boundaries.

Globalization is defined as “The worldwide movement toward economic, financial, trade, and communications integration” by the Business Dictionary. In the past couple of years this word has been everywhere. Globalization has been the center of talk in a bunch of business and social subjects, whether you knew it or not. I say this because the effects of Globalization is everywhere in our daily lives. Some examples of this would be when you contact a friend from overseas by a press of an app or the login of an online profile. Or when you buy clothes from a company based in Spain, whose cloths are made in turkey. Globalization even affects your ability to get certain fruits and vegetables year round even though you should technically only be

Economists typically use the term globalization to refer to the increasing interdependence and interaction of economies around the world. The integration of product, labor markets and capital works to increase business and trade efficiencies, lowering costs and increasing output. The main drivers of global integration have been economic policies, governmental measures and innovations in technology. Globalization in the early 20th century was characterized by rapid advancements in transportation and communication. Growth was also spurred on by international agreements like the Marshall Plan and the establishment of institutions like the World Bank, IMF and EU. Using the events of the 20th century as a foundation, it’s possible to speculate about

Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was

Globalization is defined as moving towards a world in which barriers to cross-border trade and investment are declining; distance is shrinking due to new advance in transportation and telecommunications technology, material culture is starting to look similar the world over; national economies are merging into an interdependent, integrated global economic system (Hill). The word itself. “globalize”, appeared in the 1960s meaning to “make global in scope or application”.

Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.