Present the Advantages and Disadvantages of Globalisation, Examine how Global, Regional, and Bilateral Trade Agreements can Impact on the Global Economy?

(M.K.Farmah Introduction The first part of this essay will be aimed towards understanding the concept of globalisation. We will analyse the various advantages and disadvantages that arise as a result of globalisation. The major part of the essay will concentrate on investigating the impact of global, regional and bilateral trade agreements can impact the global economy. In order to devise an accurate and informative response to the essay question we must first understand …

…to improve and upkeep the cultural, living and economic standards of every country would be required. Also, powerful nations would have to follow the rules and guidelines set instead of bullying poorer countries to allow them not to follow it. Globalisation is advantageous for the globe, but the world has to think globally instead of nationally. This would be difficult as there are many "rogue" countries that disagree with the globalisation paradigm e.g. Iraq