The development of an increasingly integrated global economy
marked especially by free trade, free flow of capital,
and the tapping of cheaper foreign labor markets.
Mcdonalds, a brand name which is all too familiar amongst the public of the world. From toddlers to the elderly, Mcdonalds has come to be known as a household brand. However, what is more outstanding would be how far and wide Mcdonalds have extended its reach across the world. No other fast food chain has been as successful as Mcdonalds in its revolution such that it has become a renowed food chain internationally. I remembered, when i went to China, i couldn't really get used to the food there, but there was this one place that breeded a sense of familiarity, Mcdonalds. When i went to Korea, i needed something that wasn't with kimchi and wanted to move away from the local flavours, and so i turned to Mcdonalds. Different countries with different cultures, but yet, Mcdonalds will always be there. We can see this as globalistaion of the economy. The expansion of this fast food chain into a internationally recognised brand is indeed an impressive feat. This shows that globalisation need not be about the most complex objects, it could be absolutely anything, including food and beverages.
Social Studies
Term 3 Group Assignment: GLOBALIZATION
Task:
To create a group blog that explores issues on globalization in a creative and engaging manner
We'll be touching on the following issues:
1. Globalization of the Economy
2. Globalization of Culture
3. Globalization of Politics
4. Globalization and Technology
