Impact of Globalisation on UK Essay Example | Topics and Well Written Essays - 2000 words

Impact of Globalisation on UK - Essay Example The ups and down in equity markets is not a new phenomenon, but the UK equity markets have not recovered from the shake ups. This is a direct consequence of the networking of economies and globalisation. Globalisation has made its mark in almost all parts of the world over the last two decades in particular. Globalisation as such, has been in existence for quite a while. In the early ages it was essentially limited to business and trade. But with the beginning of the new form of market driven governments, globalisation has filtered down to almost all walks of life like, media, culture, and of course the trade and business practices remain the key segments impacted by the phenomenon. During the early ages, trading companies, particularly from UK and Europe would arrive in a foreign land, make strategic arrangements with the respective governments and influence the ruling class in order to strengthen their business goals. In a number of cases, gradually these companies also succeeded in capturing power in those countries, thus giving rise to the practice of imperialism. Well, the modern avatar of globalisation appears far more sophisticated and customer oriented, as it gives rise to i ntense competition in the market. While on the one hand globalisation is transforming the face of economic policies, on the other apprehensions are also being expressed about the ill effects. International Monetary Fund (IMF) described globalisation as "The process through which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies" (IMF, 2002). UK has been at the forefront of implementing developmental change and played a key role in shaping the world opinion on the issue. Globalisation: More than Transnational Cooperation Trans-nationalism essentially meant a focus on broader areas of cooperation in cultural exchanges, economic exchanges; connecting people, governments, organizations or institutions across the borders of nation-states thus facilitating the flow of people, ideas and goods between different countries and regions. On the other hand globalisation, though implies similar connotations, has become more associated with economic activities and a market oriented attitude of big corporate houses. While trans-nationalization worked with exchanges across boundaries connecting the countries and regions, globalization seems to know no boundaries. Moreover with the advancement of communication technologies spread of globalisation has become more prominent and now it has replaced the word trans-nationalisation. Networking o economies and real time online businesses are just some examples of the borderless regime. While trans-nationalisation effectively meant cooperation and coordination between two or more countries, globalisation works with involvement of many countries in similar practices or trade. Formation of regional cooperation councils like G-8, G-20, EU, Gulf Cooperation Council etc. are an indication towards having similar policies on a range of issues, which in turn results in mutual beneficial proposition for the member countries. The networking essentially meant that the economic factors will experience similar triggers arising out of common policies will be shared proportionately by the members. Under the globalisation regime, economic activities have dominated as the major players in deciding the policies. It is only because of such networking that

Enhancing employability Coursework Example | Topics and Well Written Essays - 2000 words

Enhancing employability - Coursework Example of handling and evaluating information to make it useful for the company, developing strategies at different levels, awareness about competitors and customers trends, knowledgeable about his responsibilities and most importantly have strong communication skills which are also known as soft skills among many professionals. It has also been observed that universities succeeded in developing all other necessary skills among its graduates but developing soft skills is dependent on individuals own effort as it is difficult to teach these skills at graduate level. In addition to the above mentioned skills there are many other which every employer wants to have in its employees. These skills will also be discussed in this report. On the other hand fresh graduates also want to attain good positions in reputable organizations in order to build professional careers. This report will explain how universities devise their curriculum which helps to integrate both technical and other employability skills among its graduates. And the criteria through which universities determine if they have succeeded in developing the essential skills. a set of achievements – skills, understandings and personal attributes – that makes graduates more likely to gain employment and be successful in their chosen occupations, which benefits themselves, the workforce, the community and the economy. With the increase in economic recession it has become more difficult for people to get job of their own choice. This problem is more serious among fresh graduates who do not have professional experience and need a step to start their journey of life. Unemployment is not the problem of poor countries this problem has been prevailing throughout the world, only difference is in the number of unemployed people. The rate of unemployment can be seen in table 1 in annexure. Struggle to get good job has increased as there are fewer employers and more employees who are willing to work. Therefore it has