Globalization and welfare of people Essay

DSL and wireless earnings work be also provided by BTL which has been expanded in 2007 (BTL, 2008). ancestry and home users ar provided various packages by the use of partnerships with transnational service providers. The reportage of internet has also been change magnitude in agrestic aras uniform Teakettle and Pomona. Other rural atomic number 18as like Roaring Creek Village, Riviera Area, Flores, and so onwere also provided intermit internet services. BTL exit also implement wireless communication system in varied parts of the country. This will assist the smart set in increasing its coverage of rural areas.The number of internet users sum upd to six thousand in 2007. The fellowship also provides links to smaller internet service providers. all over a period of five years the demand for internet has attachd with the company decreasing prices, improving service, and allowing customers to pay fixed charges. Revenues from internet services remain a small proport ion of the companys receipts. They card for seven percent of the total revenue of BTL. Globalization has also allowed the company to increase its profits from the global services which it provides.The reduction in worldwide tariffs was also widely use in 2007 which allows bulk to make international calls to Belize at substantially lower rates. WebTalk was a popular service which was launched for internet users. This service allowed users to make international calls using VoIP connections (BTL, 2008). The minute rates are some of the cheapest as compared with other neighboring countries. Pre give cards bring also been launched which allow people to call at discounted rates. BTL charges the majority of its revenue on a per minute basis for fixed and cellular services. mesh and fixed line charges account for fourteen percent of the total revenue. The company experienced an increase of six million dollars by its provision of pre paid services. It also reported a profit of two m illion dollars increase in cellular phone services. Another ternion million dollars increase was reported for the provision of internet and data communication services (BTL, 2008). hitherto these profits were negated by the reduction in several types of internal and international customer tariffs. Cellular phone continues to remain the most attractive and increment market for BTL.The company also reported a decline of three million for outbound revenues. The year 2007 also witnessed substantial phasing out of archaic and outdated equipment and systems (BTL, 2008). Operating costs were increase as the company implemented state of the art billing and customer sell systems. New breeding technology systems were also implemented which increased the efficiency and rough-and-readyness of the administrative, financial, and technical functions of the organization. The company managed to improve its capital ratio and cash in raft and on short term deposits.An estimated nineteen mill ion dollars were spent to grease ones palms property from the Belizean government. The company also witnessed a reduction in its debt callable to the fiscal discipline and prudent financial policies of the management. Shareholders of the company also witnessed increased returns from their shares in 2007. An estimated forty one million dollars was increased in shares for stakeholders in 2007 (BTL, 2008). Globalization has impacted the welfare of the Belizean people. Some set of globalization mystify led to the replacement of traditional values with new ideas.Workers postulate been workings for longer hours. On an optimistic note, it is linked with the spread of democracy in reality and with increasing public consciousness on issues such as gender partiality, human rights and ability to nurse kick upstairs. The people of Belize are dowry to form ethical framework laid on the foundations of universal morals, values and principles. The challenge for them is to implement these r ights in practice. Globalization has significant positive effectuate on the livelihood of people of Belize.Since 1990s, several foreign corporations pee-pee been formal in Belize (Fernandez 52, 2006). People over there feature started to capture these chances. They have started their own businesses and expanded them within the country as well crosswise borders. Gradually, they have made investments and produced job opportunities for others. Growing and increasing these opportunities is the key to maintain growth and prosperity in Belize. Consumers in Belize also benefit from globalization because it allows them to access to a broad and extensive option of superior property products.The higher wages and lower prices which are the topic from dedicated and unspoilt manufacture and international exchange mean that the consumers of Belize also get ameliorate worth for their money. However, the result was that people from rural regions abandoned their homes and hitd to cities fo r better working conditions in Belize. Privatization and other policies have also sped up the political-economic rotting in Belize which has tarnished the reputation of democracy, fortified the general height of political stoicism and encouraged the de-politicization of Belize society.As a result, the development in Belize society is subjected to in expeditious management of countrys affair, political corruption, inefficient legal structure, etc. Globalization is creating a new Belize socio-cultural identity, one that is generated by personal success, ground-breaking entrepreneurialism, the open-and-shut use of foreign products, secularization, privatization social welfare and international accessibility and mobility. Belizean women have also gained from globalization as the workforce has increased. Education has helped the Belizean woman to drop dead better equipped and independent (Jeffrey 70, 2006).They have mastered the necessary skills which are vital in modern society. Th ey have created opportunities by improving communication theory skills. Globalization has also helped Belizean women in obtaining computer literacy. Information technology skills have been enhanced which are the requirements of globalization. The internet has helped created opportunities for female workers. Belize has benefited from globalization as the strides in communication, national banks, and investment companies have created new opportunities for finance.This has generated income programs like trading of money, stock, and bonds. These communication techniques have radically clipd communication costs and time to a bare minimum. Belizean people have also found that they can access a wide variety of services as a result of globalization. The internet has become a popular tool for sale and purchase of goods and commodities (Jeffrey 70, 2006). The policies of free trade also ensure that the vital necessities of life like food, clothes, equipment, products, etc are easy to obtain .Technology has also opened new mediums of communications while reducing the costs. Belizean people have found cheap and effective means of communication with each other. Societies have become united while being exposed to different cultures. Belizean government also has more efficient access to pharmaceuticals, health equipment, and educational equipment because of globalization. Health statistics have substantially alter as citizens can now obtain better health care and modern educational tools.Transportation system has improved in Belize which allows citizens to move to other countries at cheap rates (Barnett 65, 2000). Tourism which is the backbone of the deliverance has also flourished because of the globalization. Regional tourists visit the country purchasing goods for personal use. This increases the revenue of the state. Cultural events are also held which attract large number of domestic and regional tourists. This generates revenue for the Belizean government. The impr ovement in transportation and communication allows international tourists to visit Belize at cheap and less time consuming rates.Business has also been enhanced because of the investments in transportation as it makes it easier for companies to sell or purchase goods from other countries. Belize exports agricultural products which require efficient transportation methods to reduce the incidence of spoilage (Barnett 66, 2000). The expansion of companies to other countries is also beneficial because it provides grand links between Belize and its neighbors. It acts as a type of advertisement for people who seek to invest in Belize. Globalization has provided a framework for progress along political, social and economic spheres.