ASSIGNMENT 4
(PORTFOLIO)
SEMESTER 1
MEMO | DUE 15
MAY 2025
NO PLAGIARISM
[DATE]
[COMPANY NAME]
[Company address]
,Part 1 1. Briefly discuss some of the features of globalisation.
Features of Globalisation
1. Increased Interconnectedness
Globalisation links countries through trade, communication, technology, and migration,
creating a more integrated world economy and culture.
2. Global Trade and Investment
There is a significant rise in international trade and foreign direct investment, allowing
goods, services, and capital to move more freely across borders.
3. Technological Advancements
Innovations in communication (e.g., the internet, smartphones) and transport (e.g., air
freight, shipping) enable faster and broader global interaction.
4. Cultural Exchange
People around the world share ideas, values, food, fashion, music, and entertainment,
leading to cultural hybridisation and sometimes cultural homogenisation.
5. Labour Mobility
Migration of workers between countries increases due to job opportunities, political
stability, or educational prospects.
6. Global Institutions and Governance
Institutions like the World Trade Organization (WTO), International Monetary Fund
(IMF), and United Nations (UN) help regulate and manage global economic and political
relations.
7. Environmental Interdependence
Environmental issues (like climate change, pollution, deforestation) are global in nature,
requiring international cooperation for sustainable solutions.
Features of Globalisation
1. Increased International Trade
Globalisation encourages the free exchange of goods and services across borders, leading
to the expansion of international markets and reduced trade barriers like tariffs and
quotas.
, 2. Cross-Border Movement of Capital and Investment
Capital can move more freely across countries through foreign direct investment (FDI),
international lending, and global stock markets, fostering economic integration.
3. Global Communication and Technology Integration
Advancements in technology—especially the internet and mobile connectivity—have
made it easier for people and businesses around the world to communicate and
collaborate in real time.
4. Cultural Exchange and Interconnectedness
Globalisation promotes the sharing of cultural practices, languages, music, food, and
ideas, leading to a more interconnected global culture while also raising concerns about
cultural homogenisation.
5. Labour Mobility
There is increased movement of workers between countries for employment
opportunities, education, and skilled labour, though it is often more regulated than trade
or capital flows.
6. Global Supply Chains and Production Networks
Manufacturing and services are now often distributed across multiple countries, with
different stages of production happening where it's most efficient or cost-effective.
7. Growth of Multinational Corporations (MNCs)
Large corporations operate in multiple countries, leveraging global markets, labour, and
resources to increase profits and expand their influence.
8. Standardisation and Global Governance Structures
There’s a move towards global standards in trade, finance, law, and environmental
practices through institutions like the World Trade Organization (WTO), International
Monetary Fund (IMF), and United Nations (UN).
2. Define ethnocentrism and contrast it with cultural relativism. How do
these concepts play out in post-earthquake Haiti according to David Brookes
and Jennie Smith-Pariola?
2. Definition and Comparison: Ethnocentrism vs. Cultural Relativism
Ethnocentrism
Ethnocentrism is the belief that one’s own culture, values, and norms are superior to those of
others. People who are ethnocentric tend to judge other cultures based on the standards of their
own, often leading to misunderstanding, bias, or discrimination.
Cultural Relativism
Cultural relativism is the opposite approach — it holds that all cultures have value and should be
understood and interpreted based on their own norms and values, rather than judged against
another culture's standards. It promotes empathy, tolerance, and deeper cultural understanding.