Essay on Cultural Globalization - 2084 Words

Globalisation and global flows of culture have redefined the processes in which we share and connect to ourselves, others, and the world. From its onset, globalisation had both proponents’ and critics; some believed that it leads to a rich, hybrid global culture. Others saw it as the west versus the rest, an imprint of Western values and ideologies upon the world’s rich and diverse cultures. In exploring global flows of culture, we can observe these major assumptions about globalisation as well as its changing nature. New, ‘reverse’ cultural flows have begun to emerge and question these traditional assumptions. The case study of Japan’s ‘pink globalisation’ is one such reverse flow. Globalisation can take on many different shapes and†¦show more content†¦Appadurai terms these global flows as ‘scapes’, in which media, technology and ideology circulate broadly around the globe. The forces behind this new global imagination and its scapes are no longer nation states but global media corporations. Accelerated by the dawn of the internet and an opening up of transnational borders for economic trade in the 1990’s, global media corporations have rapidly penetrated overseas markets with products aimed at consumers in what could be seen as a cultural ideology of consumerism. Cultural globalisation is no longer a case of Americanisation, but rather multiple, competing globalisations of global media corporations. Henry Jenkins observed the impact of these global media corporations which he described as ‘corporate convergence.’ In addition, we also see a ‘grassroots convergence,’ in which fans armed with new technologie s capable of crossing borders (such as the internet) prescribe to new forms of popular culture. Jenkins observed this convergence coupling as ‘pop cosmopolitanism.’ This notion of pop cosmopolitanism explains the rise in popularity of a new, reverse flow, in which Japanese popular culture products are being disseminated across the globe. To demonstrate the active way in which media is appropriated by peopleShow MoreRelatedGlobalization And Cultural Change : Globalization930 Words   |  4 PagesGlobalization Cultural Change Globalization refers the movement toward globally similar social attitudes, linguistic, global trades, through increased connectedness among countries and individuals worldwide. This globalization allows citizens to discover and explore other cultures. As globalization occurs, local cultures need to take an active role. With actively engaged local cultures, globalization can be a win-win situation in both world and local cultures and can lead citizens throughout theRead MoreGlobalization : The Vision Of Cultural Globalization Essay1947 Words   |  8 Pagesagree that the essence of globalization is the interaction between people is expanding at the global level and the consequences arising from that. Globalization is increasingly being confirmed objective trend, inevitably, be expanded from economic to other aspects of social life, such as politics, culture, security, defense, ... If economic globalization has become familiar cultural globalization poses many concerns need to explai n. The vision of cultural globalization In the late twentieth centuryRead MoreCultural Globalization and Westernization698 Words   |  3 PagesGlobalization is the process of international integration arising from the interchange of worldviews, products, ideas, and other aspects of culture. Cultural globalization is dealt with in our everyday lives. It deals with different ideas, meanings, and values throughout the world, globally. International travel, television, music, the Internet and many different popular cultures influence it. Globalization has been questioned whether or not it actually leans towards the Western culture, or if itRead MoreCultural and Economic Globalization1072 Words   |  5 Pagesfilm Lost in translation, Eat Pray love written by Elizabeth Gilbert and in the 2011 Television series Off The Map directed by Jenna Bans. The values explored in these texts are fundamentally linked to the religious, philosophical, scientific and cultural paradigms of the twenty and twenty first century , are a reflect ion of society and literature in that time period. These texts have formed new ideologies and different ways of thinking in society and have detailed the relationships interlinking theRead MoreGlobalization and Cultural Homogenization Essay1497 Words   |  6 PagesThe rapid development of economic globalization and cultural globalization enhances cultural transaction between different countries. Even though in this process culture between different countries still has its own characteristic on the whole, the cultural homogenization has been presented in social life, especially in the media industry. This essay will discuss the definition of globalization and cultural homogenization, and the popularity of Hollywood movies in China, the phenomenon of convergenceRead MoreThe Globalization of Culture: Cultural Homogenization1707 Words   |  7 PagesCultural individuality and distinctiveness is the pride of every nation. All communities rejoice in the richness and exoticness of their own cultural symbols, be it dressing, architecture, language or way-of-life. With the dawn of globalization, however, cultural variety and distinguishing characteristics are vanishing; giving rise to a monoculture common to all. While this may be a harbinger of unity and relatedness among all people of the world, it also damages the unique cultural identities theyRead MoreEssay The Phenomenon of Cultural Globalization747 Words   |  3 Pages The term globalization is commonly used to describe the increased mobility of goods, services, labor, and technology throughout the world. Globalization is a social change; it is really an increase in connections among societies and their elements. Globalization has become identified with a number of trends, most of which developed in the period after World War II. The developments of technology, organizations, legal systems, and infrastructures helped enable this movement to occur, thus leadingRead MoreGlobalization And The Threat Of Cult ural Imperialism1133 Words   |  5 PagesGlobalization has produced a new level of interconnectedness among us, for it is an interconnectedness that not only compels diversification, but also provides a shared experience into the worldview of the accompanying culture. While the power of globalization would be advantageous in stimulating sustainable economic growth; that same power produces an evolving set of consequences – some good and some bad. In order to understand the effects of globalization and the threat of cultural imperialismRead MoreThe Myths of Cultural Globalization Essay3502 Words   |  15 Pages Globalization, both as an ideology and process, has become the dominant political, economical and cultural force in the 21st century. Quote from Globalism: The New Market Ideology by Manfred D.Steger Read MoreThe Dichotomy Of Globalization And Cultural Diversity1964 Words   |  8 Pagesinteract and integrate with one another is defined as globalization. This process is driven by both international trade and investment, aided by technology. The effects go beyond business and finance, in fact, all aspects of culture, politics, the environment and the health of human beings is affected by globalization. (The Levin Institute, 2015) The paradoxical dichotomy of globalization and cultural diversity are, on one hand, globalization provides third world cultures, and nations in conflict

Burger King Financial Overview 06-08 Free Essays

From the balance sheet point of view, we can see that total current assets initially decreased and then remained constant. This decrease was due to a reduction in cash and cash equivalents while simultaneously net receivables increased. This essentially tells us that Burger King’s short term liquidity position took a turn for the worse. We will write a custom essay sample on Burger King Financial Overview 06-08 or any similar topic only for you Order Now On the other hand, considering the fact that long term assets such as ‘property, plant and equipment’ and ‘goodwill’ increased, therefore total assets increased during 06-08. This tells us that growth took place during the above mentioned period. Total liabilities decreased sharply in 07 but then rose again slightly in 08. This decrease was mainly due to a reduction in long term debt. However, growth was still taking place because total liabilities rose again in 08. The income statement for the fiscal year 06-08 shows an extremely healthy increase in the net income, especially from 06-07 (increase from $27 million to $148 million). This also corroborates with our initial analysis of growth taking place in the company. Referring back to the balance sheet, as mentioned before, there was a sharp decrease in cash and cash equivalents while on one hand we can see that net income has been steadily increasing. What we can gauge from these figures is that burger king has essentially been expanding its business by reinvesting cash. Total assets have increased during this period as well mainly due to an increase in fixed assets. Due to the growth in the net income, stockholder’s equity has also been increasing steadily during this period. Retained earnings as well as capital surplus have also risen considerably during this period. All of these figures point towards a profitable and growing company. From the cash flow statement, figures show that cash from operating activities has been positive and rising. Cash from investing activities, on the other hand, has been negative and we can see that most of the cash has been used in capital expenditures, yet another sign of a growing and expanding company. Dividend payments have also decreased. The sale of stock has also decreased over this period and in 08 burger king repurchased its stock which is an indicator that they were trying to improve their liquidity position. From the cash flow statement, we can see that accounts receivables as well as current liabilities have increased. The augmentation of current assets therefore was mainly due to a rise in the value of the account receivables. However, both current liabilities and assets have increased during 07-08 which has resulted in the value of the current ratio remaining just below 1. Therefore, the liquidity position has remained stable although not as good as it should be. Referring back to the balance sheet, we can also that long term debt rose during 07-08. This might have essentially led to an increase in the interest expense of that year. From an overall point of view, we can see that burger king is a profitable and growing company. Every financial statement essentially hints towards a moderate expansion policy. The fact that net income has been steadily increasing tells us that burger king has been extremely profitable. If it continues to operate in the same manner, it will be able to sustain this growth, keep its investors happy and finance future expansion in an efficient manner. Sources: http://finance. yahoo. com/q? s=BKC William Haka Bettner, . Financial and Managerial Accounting. : McGraw-Hill/Irwin, 2003. How to cite Burger King Financial Overview 06-08, Papers

Aspects of Revenue and Expenditure

Questions: 1. Discuss the various aspects of expenditure and revenue in the Australian budget in May 2014?2. Comment on various stakeholders reaction to this budget like businesses, consumer and industry etc.? Answers: Aspects of Revenue and Expenditure Revenue A temporary budget repair levy was introduced to enable the high earning segment to contribute to the increasing Australian income. This was applicable from 1st July 2014 to 30th June 2017. Any individual whose taxable income is more than $180000 will have to pay 2%. This would apply to approximately 400000 Australians. The Australian government has exempted announced but unlegislated tax measures. It also points out it determination to repeal minerals resource rent tax and carbon tax. All these fiscal decisions have reduced the revenue by $5.7 bn in accrual terms. Federal fuel excise indexation was brought back into action. This action is expected to generate $ 3.7 bn in the next four years and adjustments would be made bi-annually. Expenditure Spend on Family Tax Benefit Part B has been squeezed. Single parents having income in lower strata will be now eligible for $750 per year only when the youngest child would be between 6 to 12 years. Paid parental leave scheme brought will be brought into action which will be capped at $100000 per annum. Restart, new wage subsidy for old Australians aged above 50 years and on six months of income support is introduced. This is to encourage businesses to employ them. Subsidy for employers on hiring people was introduced. Government would pay $10000 over 12 months for full-time employment and pro-rated subsidy for part-time employment. A freeze on funding foreign aid was implemented leading to savings of $7.6 bn over 5 years. A significant amount was allocated for infrastructure development in the country, especially road transport. Similarly, funding for climate change initiatives and renewable energy was slashed. A slash of $ 4.7 bn from higher education for four years was introduced. Stakeholders reaction to the budget Reaction of consumers/citizens There was a critical response amongst Australia citizen regarding this budget. There major losers among this were senior citizens, people with disabilities and people facing health issues. The most significant impact was of the slashing of $653 million across four years which will reduce the capacity to provide state-of- the art care for ageing patients. Other decisions like abolishment of seniors supplement and harder qualifying norms for seniors health card were criticized. Communities working for disabled severely criticized the rule of tightening norms of receiving disability pension. Rolling back of hospital funding and health cuts in various areas including preventive health drew wide criticism from the medical community and general public. Patients, as a whole would be losers in this budget as they has expected a $7 visit to the GP but now would have to actually shell out more for the their entire treatment process. Criticism was also drawn for the higher education costs likely to be faced by students due to uncapping of university fees. Reduction of minimum threshold of income to begin repayment of education loan was lowered by 10% which drew severe criticism from the student community. Dropping of the Gonski School funding also drew wide criticism across the student community. A drop in the standard of public service was also evident in this budget. Australian Government announced scrapping of 16500 Commonwealth public servants which will severely impact the standards of public service. Many federal agencies were also set to be scrapped. Overall, this budget drew a negative reaction from citizens of Australia who believes that this would impact them negatively in many areas. Reaction of industry/businesses Industry reaction to this budget was more or less positive. The budget allocated significant amount of funds for areas like infrastructure development, mining and defense capability building. The allocation of $11.6 bn for new projects was appreciated by the industry who said that this would help in long term growth and would assist several industries together. There was a huge outlay for roads and airports in this budget which the industry expects to boost connectivity improve transport facilities and give a thrust to sectors like logistics, tourism and travel. The establishment of Entrepreneurs Establishment Program which would cost the government $484.2 million was appreciated and was called upon as a futuristic decision. The private sector expected a 1.5% rate cut in the budget to fund parental leave scheme but this was not mentioned in the budget. This drew criticism from several quarters. Automobile industry criticized the governments move to cancel programs which would lead firms to back out from Australian manufacturing. Thus, it was a mixed reaction for industry and business with some positives and some negatives in the budget. References Russell, Dr Lesley. (2014). Analysis of 2014-15 Health Budget. Philips. Jacquline (2014). A Budget that divides the Nation. The Australian Governments 2014-15 Science, Research and Innovation Budget Tables.