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MANAGEMENT ASSIGNMENT: Question 1: "Globalisation is the way forward for both rich and poor." To what extent do you agree with this statement? Explain your reasoning. Word Count: 1498 Introduction What is globalisation? Definitions vary from one source to an other, and are usually too narrow, i.e., they consider just one aspect of globalisation, and most often, the economic side solely. A comprehensive definition of "globalisation" could be the following: "Globalisation refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres." (Wikipedia) Is this a new phenomenon? No, is it not. Evidence of this was found in old writings, some of them dating back to 60 AD ! In fact, the roman stoic philosopher Seneca was already criticising an early type of "globalisation" (even though this word didn't exist yet) : "Our ancestors have known the time of innocence, they were without malice, they were staying at...

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