Impact of Globalisation

1. Social impact

• Increase awareness of foreign culture


• Loss of local culture

2. Environmental impact

• Environmental degradation (deforestation and related problems) (global warming)


• Environmental management

3. Economic impact

• Improvement in standard of living


• Increase competition among nations


• Widening income gap between the rich and poor

Meet challenges in globalizing world

1. Diversifying the economic - A* was set up to build up Spore's research and development capability. E.g: Seagate, the world's largest manufacturer of hard disk drives. Such investments not only generate jobs but also affirm Spore's position as a manufacturing hub.

2. Venturing abroad - Spore has to look beyond its national boundary to achieve further growth, through regionalisation. .... and more..

3. Nurturing growth of small and medium enterprises(SMEs) - SMEs play an important role in spore economy, as they are providers of jobs.....

4. Expanding market reach through economic cooperation - lazy type :S

5. Haven read luh...

Okay, have been reading, writing and studying thru Social Study. Is so damn fuck boring plszxs... But is still a must to study luh. Hais... Anyone please tell me what and how to do!? Things are not going right! Will be going work later, yay! moneymoneymoney$$!!

Hehehe, have been addicted to bejeweled (msn game) ! Lee kiat is really very pro luh ><" Walao! I will nv give up manszxs. Ang Lee Kiat, I WILL BE BACK ! >:C

ALright lahs, nothing much more to blog about. Going out soon and my re exam is on the 12 and 13 ! (this is for xueqi !) hahaha!

BYEBYE! althought is a bit useless but i still have to say, i'm really sorry!