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A market that dominates more than political and social outcome results in the unequal spread of rewards and opportunities while wealth and power concentrates in a selected population, corporation or nation, hence others are left marginalized (Kim, 2010).
Globalization leads to wealth creation: however, this is only for the few elites occupying the hub of the processes. They enjoy benefits accruing from the surge of global scale financial, technology, mergers and consolidation activities. Recent figures evidence how this has worked. Benefits have only concentrated in certain areas that the total number of world billionaires has increased by 30%, only in the last three years. Collectively, these are only 520 individuals whose combined salaries are worth more than combined salaries of 100 bottom employees (Ferrara, 2010). Such a scenario is only poised to prompt threats to the nation of Thailand. While there may be free trade between Thailand and trading partners, products and services manufactured in Thailand are likely to face major obstacles. This is due to increased competition...
This includes embracing mastery of technology and science in producing and offering quality services and goods. This has been a major problem facing developing nations such as Thailand. We are left to wonder whether Thailand will be able to address competition issues precipitated by global competition. For this reason, Thailand can become an economic performer it its local markets. For Thailand to survive the threats of globalization and free trade, it must recruit enough and qualified human resources in all sectors of the economy (Stiglitz, 2009).
References
Ferrara, F. (2010). Thailand unhinged: Unraveling the myth of a Thai-style democracy. Jakarta: Equinox Pub.
Kim, S.S. (2010). East Asia and globalization. Lanham [u.a.: Rowman and Littlefield.
Stiglitz, J.E. (2009). Globalization and its discontents. New York, NY [u.a.: Norton.
Peace was only temporary. Every generation had predictions echoing that humankind had acquired a lesson (Herting, 2011). In Thailand, the concept of globalization dates back from time immemorial. The country has engaged in cultural exchanges and international commerce for a long time. However, recent communication and transport advances have heightened the rate of change. This has made the world appear like a much smaller place for global populations. Different authors
This is because this thesis has some limitations that should be observed when taking into consideration the importance of the thesis and its assistance. This thesis has concentrated on a subject that has been an extremely large and leading one, that is, the managerial impact on small businesses and the underlying reasons being reluctance shown by small business managers to make use of information technology and Internet. Undoubtedly, this
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