MGT 324 Saudi Electronic University Effects of Globalization on Local Governments Essay

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Business Finance

MGT 324

Saudi electronic university

MGT

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Write an essay on the following topic in about 1000-1200 words.

“Globalization has changed the functioning of local governments”.

In the light of this statement, discuss the challenges faced by local governments in the age of globalization. With the help of examples, explain how local governments can raise their funds, meet future challenges and be able to convert their challenges into opportunities.

(You are required to include at least six scholarly references in your answer).

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Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. • All answered must be typed using Times New Roman (size 12, double-spaced) font. • Submissions without cover page will NOT be accepted. CLO: Apply critical thinking to make and defend business decisions (LO 2.4) We expect you to answer each question as per instructions in the assignment. You will find it useful to keep the following points in mind. The assignment with be evaluated in terms of your planning, organization and the way you present your assignment. All the three section will carry equal weightage Kindly read the instruction carefully and prepare your assignment accordingly. 1) Planning: Read the assignments carefully, go through the Units on which they are based. Make some points regarding each question and then rearrange them in a logical order. 2) Organisation: Be a little selective and analytical before drawing up a rough outline of your answer. Give adequate attention to question’s introduction and conclusion. Make sure that: a) The answer is logical and coherent b) It has clear connections between sentences and paragraphs c) The presentation is correct in your own expression and style. 3) Presentation: Once you are satisfied with your answer, you can write down the final version for submission. If you so desire, you may underline the points you wish to emphasize. Make sure that the answer is within the stipulated word limit. Write an essay on the following topic in about 1000-1200 words. “Globalization has changed the functioning of local governments”. In the light of this statement, discuss the challenges faced by local governments in the age of globalization. With the help of examples, explain how local governments can raise their funds, meet future challenges and be able to convert their challenges into opportunities. (You are required to include at least six scholarly references in your answer).
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Running head: GLOBALIZATION

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Effects of globalization on local governments
Student name
Institutional affiliation
Professor’s name
Date

GLOBALIZATION

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Effects of globalization on local governments

The rapid modernization of the world’s trade after the Second World War made significant
changes to policies and guidelines that direct trade globally. The changes made tremendous
progress regarding the exchange of goods and services among affiliate trade partners within
economic zones. However, despite the significant improvements that the changes brought to the
trade practices around the world, there have been simultaneous effects on the local governments
within the countries that have laid bare the effects of globalization. Consequently, this paper seeks
to discuss the effects of globalization on local governments, how they can raise their funds, and
how to tackle future challenges.
Impact of globalization on local governments
Globalization has a far-reaching history that ascends from the pre-world war one era.
However, in the current context, the world war 11 aftermaths opened up opportunities for the
globalization of trade, which was virtually nonexistent. Baldwin (2018) outlines that following the
cessation of the war that demarcated the world into powers with common interests, the newly
founded states and political affiliation propelled global trade. However, despite these avenues,
local governments faced changes that have impeded the growth of their once flourishing regions
into dependents of central powers. Consequently, through the influence of global trade, various...


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