Economic Globalisation
This business began in 1940,with a restaurant opened by brothers Dick and Mac Mcdonald in San Bernadino,California.Year by year,they start to enter different markets in the world.
Now,McDonald's is the largest chain of fast food restaurants in the world. It has more than 31,000 outlets worldwide.
The group of people affected by this economic globalisation of McDonald's are mainly the consumers.It is changing their lifestyles.One example is the "drive-thru"service which allows drivers to buy meals while waiting in the car,making it more convenient for them.
In addition,to accomodate to the current trend for high quality coffee and popularity of coffee shops in general, McDonald's introduced McCafe,which has allowed consumers to enjoy coffee while savouring fast food.
In my opinion,this form of globalisation has a positive impact on Singapore's society.Critiques may feel that such fast-food restaurants are the root cause of the increasing obesity rate in Singapore,but i do not agree.MacDonald's has provided a list of nutrition information on the tray that is being served.Thus,consumers can decide for themselves what type of food they should or should not consume based on the given information.In addition,MacDonald's also sell healthier alternatives such as salads,corns and milk.As such,those who are health conscious are not "deterred" from the fast-food restaurants.Therefore,McDonald's should not be blamed for the obesity rate in Singapore,as consumers have the responsibility to take care of their own health.
Furthermore,this type of economic globalisation has help to provide large scale job opportunities in Singapore.Teenagers are able to gain work experience while working in McDonald's and the elderly are able to provide for themselves,doing simple jobs in the restaurants.There are also skills upgrading programmes provided by the management of McDonald's for their workers,making them more value-added.Thus,this form of globalisation has help to increase the quality of our labour force in the economy.
