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Research on impacts
1. Describe
2. Evidence / Examples
3. Explain

Economic growth
Economic downturn Jing en
Higher profits and market share Dan Dan
Lower profits and market share Zhang jun
Higher Income anagha
Lower income  Naqib

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Globalisation has facilitated mobility, making it easier for individuals to look for jobs overseas. Jobs overseas offer higher pays that executives can enjoy when working abroad compared to their counter parts back home. These individuals may benefit from globalisation as overseas companies may want to employ them due to their skills. For example, Engineer Jumadi Husain, 39, a Nanyang Technological University graduate, was headhunted to work in Dubai four years ago for triple his Singapore pay. With globalisation, he said “the world is our playing field”. He said life in Dubai is less stressful - he works from 7:30 a.m to  4 p.m, has more time for his wife and three children, and plays golf almost everyday. This suggests thats with the rise of multinational corporations,  it gives rise to more job opportunities around the globe to people, allowing them to obtain a higher income than only working in their own native country where the pay offered is much lesser than what is offered if they were working overseas.

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Tb pg 280

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Higher profit/market share.

Description.

Higher profit/MARKET SHARE is one of the impacts of globalisation.

When the world becomes more globalised and interconnected, the market for companies will broaden up, they no longer need to limit themselves to only selling goods to the locals, targeted at one specific country. Instead, now companies can target their products or services generally worldwide, to expand their consumers. Thus in the end gaining more profit.

Not only that, through globalisation, when Multinational companies set up their operations in different locations. This allows them to not only access the new markets abroad but also access the lower labour cost and cheaper resources such as land and raw materials from undeveloped countries.

Examples (+)

Examples of the companies from Singapore that benefit from Globalisation and made Higher profits/market share are “Super Group Ltd”, “CapitaLand Limited '' and “Hyflux Ltd”. The companies learnt that from Globalisation, you must be flexible in producing new products that are able to suit everyone in the world. Super Group Ltd have their business and capitalize on Asia's Dynamic consumer markets and are looking to go further. CapitaLand Limited has their business in more than 20 countries. SOme other companies that aren’t from Singapore will be “Red Bull”, “Dunkin Donuts' ', “World Wildlife Foundation `` and''Nike ``.

Link (+)

With a presence across more than 250 cities in over 30 countries,  the Group focuses on Singapore And China as its core markets,  while continuing to expand. By setting up their operations in different locations, they widen their market and hence could attract more consumer groups and gain more profits.

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Lower profit and market share (ryan chua)

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Lower profit and market share (ryan chua)

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https://en.wikipedia.org/wiki/COVID-19_recession

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A general slowdown in economic activity over a sustained period of time.

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higher unemployment, reduced economic activity, reductions in income and wealth, and greater uncertainty about future jobs and income.

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higher unemployment, reduced economic activity, reductions in income and wealth, and greater uncertainty about future jobs and income.