Authors :
Weknow Magwenzi; Jacob Munodawafa; Darmião Cardoso; Agripah Kandiero
Volume/Issue :
Volume 8 - 2023, Issue 10 - October
Google Scholar :
https://tinyurl.com/4xvy754u
Scribd :
https://tinyurl.com/c756dbh8
DOI :
https://doi.org/10.5281/zenodo.10033618
Abstract :
Globalisation is a major contributory factor
to global development, and it is promoted by United
Nations (UN) global alliances like the International
Labour Organisation (ILO), World Trade Organisation
(WTO), strong international relations, worldwide foreign
direct investments (FDI) and reliable information
technology. Information on different types of
globalisation is presented in the literature review of this
research work. The types of globalisation include
economic globalisation, ecological globalisation, political
globalisation, cultural globalisation, financial
globalisation, sociological globalisation, technological
globalisation and geographical globalisation. Global
developments have been noticed arising from
globalisation and, developing economies have seen huge
benefits with an increase in their gross domestic products
(GDPs). A good example is Mozal, SA in Mozambique,
an aluminium smelter, which is a joint venture between
BHP Billiton with 47.1 %, Mitsubishi Corp with 25 %,
Industrial Development Corporation of South Africa
with 24 % and the Government of Mozambique with 3.9
% of shares. FDI through Mozal, SA brought a number
of benefits including business park development,
employment and growth of other companies like small to
medium enterprises (SMEs). With gas and oil
exploration in Mozambique, global companies like Total
are investing in this sector, and this will transform the
economy of the country. Gradual elimination of trade
barriers contributed to easier capital flows and
globalisation of production has flourished. As it is,
products can be produced in different locations and
distributed across the world. The products may have
marks of being manufactured in a foreign country, but
their components may come from different countries.
Across the globe, people are living and experiencing the
effects of globalisation every day. Globalisation of
production takes advantage of variations in the cost and
quality of factors of production like capital, land and
labour.
Keywords :
Influence, Globalisation, Production, Game Theory, Competition and Development.
Globalisation is a major contributory factor
to global development, and it is promoted by United
Nations (UN) global alliances like the International
Labour Organisation (ILO), World Trade Organisation
(WTO), strong international relations, worldwide foreign
direct investments (FDI) and reliable information
technology. Information on different types of
globalisation is presented in the literature review of this
research work. The types of globalisation include
economic globalisation, ecological globalisation, political
globalisation, cultural globalisation, financial
globalisation, sociological globalisation, technological
globalisation and geographical globalisation. Global
developments have been noticed arising from
globalisation and, developing economies have seen huge
benefits with an increase in their gross domestic products
(GDPs). A good example is Mozal, SA in Mozambique,
an aluminium smelter, which is a joint venture between
BHP Billiton with 47.1 %, Mitsubishi Corp with 25 %,
Industrial Development Corporation of South Africa
with 24 % and the Government of Mozambique with 3.9
% of shares. FDI through Mozal, SA brought a number
of benefits including business park development,
employment and growth of other companies like small to
medium enterprises (SMEs). With gas and oil
exploration in Mozambique, global companies like Total
are investing in this sector, and this will transform the
economy of the country. Gradual elimination of trade
barriers contributed to easier capital flows and
globalisation of production has flourished. As it is,
products can be produced in different locations and
distributed across the world. The products may have
marks of being manufactured in a foreign country, but
their components may come from different countries.
Across the globe, people are living and experiencing the
effects of globalisation every day. Globalisation of
production takes advantage of variations in the cost and
quality of factors of production like capital, land and
labour.
Keywords :
Influence, Globalisation, Production, Game Theory, Competition and Development.
