Globalization, if Explained in Economic Term Paper

Open, View, and/or
Download this Document

Total Length: 1806 words ( 6 double-spaced pages)

Total Sources: 5

Page 1 of 6

In order to achieve operational efficiency, use can be made of modern automated technology which globalization has readily made available via international trade.

Schumacher has further presented his view that the current production managers have become more focused towards the efficiency factor of the production processes. These managers set their targets based on producing goods in such a way, that the cost of the process decreases to a minimum while the production rate increases dramatically. To achieve this, these managers have employed the automated systems rather to rely on the human labor skills. Schumacher believes that the goods and their consumption have become more important to these producers today, rather than people and their creative skills.

Stuck Writing Your "Globalization, if Explained in Economic" Term Paper?

View All Our Example Globalization, if Explained in Economic Term Paper

Have A Custom Example Essay Written

He believes that this should not be the case and the production of goods must be done to provide people with the chance to present their skill work and develop them, rather than to work to produce goods. This would eventually result into the optimum levels of satisfaction achieved for the people, allowing them to become more productive and develop as a better person for the society.

In the modern era, with the growing population and current economic situation of a recession, Gwartney has the approach that may lead the nations towards growth and revival of the economy. On the other hand, the Schumacher approach will further depress the economy without any uplifting solutions......

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Globalization If Explained In Economic" (2013, May 28) Retrieved May 1, 2024, from
https://www.aceyourpaper.com/essays/globalization-explained-economic-99124

Latest MLA Format (8th edition)

Copy Reference
"Globalization If Explained In Economic" 28 May 2013. Web.1 May. 2024. <
https://www.aceyourpaper.com/essays/globalization-explained-economic-99124>

Latest Chicago Format (16th edition)

Copy Reference
"Globalization If Explained In Economic", 28 May 2013, Accessed.1 May. 2024,
https://www.aceyourpaper.com/essays/globalization-explained-economic-99124
   

Open, View, and/or
Download this Document
order custom essay example