4EA: Nitipat Tiyapanitkun (19)

Globalisation is a process by which the people of the world are unified into a single society and function together.Globalisation allow greater movement of people, goods, capital and ideas due to increased economic integration which in turn is propelled by increased trade and investment.So therefor the world has been always sharing goods, services, knowledge,cultures between people and countries, improved technologies and a reduction of barriers causing speed of exchange to be much faster. Globalisation provides opportunities and challenges, producing profits which leads to greater wealth for investing in development and reducing poverty in many countries.For example China has for decades controlled capital flows into and out of the country, regulated foreign investment in accordance with national development needs and plans, fixed its exchange rate and owned most of the banking system. So they able to take advange of globalisation for international trade and foreign direct investment which allow faster economic growth.Therefor China is the fastest economic growth in the world.And also Taiwan,when taiwan began to globalising,the number of poverty was cut into more than half.