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.
Globalization drives trade and innovation, pushing down consumer prices, be it the basics of food and clothing or the luxuries of cars and computers. But the voracious appetite for energy and other natural resources leads to competition and unease, a global race that threatens stability.ome. The politics of globalization can be improved, argues Peter Mandelson, former European commissioner for trade in an essay based on a March 2011 keynote speech on the future of globalization.