Question

Commonly used measures of globalisation of markets and production are the following ratios: World Exports/world GDP and World Inward FDI/World Gross Capital Formulation. There are also other measures to consider such as university students, patents, venture capital, internet traffic, equity investments, news media, bank deposits and many more which are expressed as a percentage of world totals. Identify six different countries: two from the Southern African Development Community (SADC), two from the East African Community (EAC), and two from the Common Market for Eastern and Southern Africa (COMESA), and use globalisation measures to analyse the most globalised of the six countries in the three economic trade regions. Use the analysis to write an expository essay that illustrates the extent to which the six countries are globalised

Answer 1

Answer:

Two countries of SADC are Mauritus and Mozambique.Two countries of EAC are Tanzania and Kenya.Two countries of COMESA are Zimbabwe and Egypt .Globalization refers to the integration of nations across the world in economic , social and political spheres . Globalization has three aspects economic,political and socio cultural .Economic aspect is the integration of global nations as well as trade among nations .Socio cultural means exchange of social and cultural aspects. Mauritius is the most globalised of these nations and ranks 54th in the world..This country is the most developed in this region and scores high in the world in all aspects. Tourism attracts people from all over the world to this place.

Mauritius is the most globalised and ranks 54th in the world.Mozambique is the poorest country in Africa and most of the people live in rural areas.The impact of globalization in this country is less.Globalization in kenya is mostly in the product market rather than in capital market. Initially globalization was a problem in Egypt as the senior citizens did not want Globalization .But later the economy gained economic freedom and became strong in the global market.Globalization has changed Zimbabwe culture and has brought negative impact in the culture..Globalization has effected the culture of Tanzania.American and western culture was transferred to Tanzania.There are varied impact of globalization in the culture and environment of Tanzania.The need is to protect Tanzania's traditional culture.

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