Bad effects of globalization on developing countries essay
Positive impact of globalization on developing countries
Researchers distinguish several dimensions of globalization, chiefly among them they emphasize on political, social, and economic models. But the most widely accepted conclusion is that globalization has contributed largely to inequalities in developing nations. This phenomenon is called globalisation. It means encouraging nations to specialize and produce plenty of goods available in their local market. It is therefore imperative that these countries formulate rational policies and reforms that would guide liberalisation of trade and the complexities of globalization as a whole to conform to their own domestic economic agenda. What is Globalization? This influences badly to the living standards and life expectancy these countries. It has greatly helped people from developing countries. However, globalization could have negative impacts also in these fields; globalization facilitates the spread of new diseases in developing nations by travellers between countries. In ancient times people moved to distant places to settle, exchange goods with others, and to produce food and unprocessed materials. According to an annual World Bank report, Global Development Finance, released on April 6th , their reach is spreading. In fact, the economic growth often happens first in industrial areas and in cities, so people who have good education or working skills can get higher income and improve their lives. Globalization and international politics: The collapse of the Soviet Union has led to the US control of the global system and international relations. This is serous because underprivileged people are expected to revolt against their bad conditions. But since globalization came in and the Coffee Marketing Board was abolished, the farmers have been made vulnerable to changes and shocks in the world market.
Most industries employ only skilled workers due to complicated systems of operation. They are products known and consumed from Ulan Bator to Little Rock - and also powerful companies that drive globalization forward, creating new laws, new business practices, new ways to eat and drink, new hopes and dreams.
London: Michelman. Its impact is profound.
Globalization also makes it possible for people to demonstrate their sympathy and compassion for the victims of natural calamities and man-made tragedies all over the world regardless of religions, lands, languages, colors, cultures etc.
But with the development of communications and the vast technological revolution brought by liberal systems, it has become an extension to the world capitalism, which seeks to create a liberal global community within which liberal values prevail.
Globalization leads to increased production which means increased utilization of natural resources.
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