You might have heard the term globalization used before, whether in an economics lecture or in a political debate.
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Get Access Globalization, Pros and Cons for Developing Countries Essay Sample Globalization could be defined as the contemporary trend in all aspects of human life such as cultural, economic and business, political, educational and … to reduce or remove barriers between nations to communicate with each other.
However, most of the countries of the world have engaged in this phenomenon, but still there are some disputes over the subject. Somebodies believe that however, it has benefited both developed and developing countries, but also the costs and disadvantages of globalization had been underestimated.
But despite the critics, it seems that the globalization will proceed faster and faster to shape the global village. In this process the rapidly evolving and developing information technology and ease of information flow has speed up the term globalization effectively and drastically.
In globalization from an economic point of view, the barriers of a free trade between nations will be removed. Some of these barriers are import tariffs, export taxes, regulations that hamper the flow of capital, regulation against owning of properties and businesses by foreigners.
Globalization has some advantages and disadvantages for developing countries. These advantages or disadvantages are dependent to the social, economic, cultural, and geographical conditions of a country.
More, some advantages and disadvantages of globalization for the developing countries are discussed. More Resources for External Finance: Globalization gives the opportunity to the developing countries to attract more foreign investments.
Normally foreign investors are willing to invest in developing countries to reduce their costs. Lower wages for workers and lower tax rates are only two of the interesting characteristics of developing countries business environment for foreign investors. Foreign direct investment helps the capital accumulation.
More investement and capital accumulation leads to higher growth rates. When foreigners specifically from developed countries, which are wealthier invest in a developing country, they bring advanced and higher technologies with themselves.
Therefore, developing countries can reach their technology development goals sooner and easier. More advanced technologies beside the proffesional management experiences that foreigner investors specifically from developed countries bring with themselves to the developing countries gifts higher productivity to the developing countries.
As the foreign investors invest in the developing countries and establish their businesses, they create new job opportunities and cause to reduce the unemployment rate. Spread of Economic Crisis to the Other Countries: As we know thefinancial crisis began from USA and spread out to other countries.
As the investors come to developing countries, they use the natural resources of destination country, with low prices. So the consumption of these resources will increase considerably, leading to depletion of resources and probably lack of resources in the future.
Investors prefer to establish their factories or businesses in the countries that less strict about the environmental regulations. In addition, developing countries do not have up to date environmental regulation, inherently.
In addition, they have to be attractive for international investors. Therefor developing countries usually are the more environmental polluting countries in the world.
One of the aspects of globalization is more cultural interaction between nations of different countries. But in most of cases, the culture or county will be dominant to other cultures that have more advanced tools to promote their culture, such as Medias, products, well-known celebration or events.
In addition, developing countries cultures have less self-confidence against the symbols of the civilization of developed countries.
So in this interaction usually developing countries are affected by developed countries cultures. There is no matter that these cultures have good or bad habit or features. Another consequent of globalization is more immigration through the world.
However, these immigrations are usually from developing countries to developed countries and immigrants are the specialist and highly educated citizens that look for a more developed society with higher standards of living and welfare. Globalization has affected both the developing countries and developed countries, in various aspects of economic, social, cultural, business and ….
It has good and bad effect for both of them. From both group some have been successful controlling bad effects and enjoying good effects and some no.Mar 26, · While globalization covers a wide range of topics, ranging from cultural values and information to economics and international trade, most modern discussion of the pros and cons of globalization is focused on economics and timberdesignmag.com: Nick Gibson.
15 Globalization Articles to Support Your Pros and Cons Essay.
May 06, · A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. Globalization, Pros and Cons for Developing Countries Essay Sample. Globalization could be defined as the contemporary trend in all aspects of human life such as cultural, economic and business, political, educational and to reduce or remove barriers between nations to communicate with each other. 15 Globalization Articles to Support Your Pros and Cons Essay. For better or worse, globalization is a complex topic, and if you’re writing a pros and cons essay about it, you’ll want to make sure you find good sources to back up your ideas. Pro .
February 10, globalization is a complex topic, and if you’re writing a pros and cons essay about it, you’ll want to make sure you find good sources to back up your ideas.
Pro-Globalization Article 4. Pros And Cons Of Globalization Politics Essay. Print Reference this. Disclaimer: This work has been submitted by a student. This is not an example of the work written by our professional academic writers.
You can view samples of our professional work here. Pro-globalization groups e.g. World Trade Organization and the World Economic Forum believe that globalization helps to reduce poverty and increase living standards as well as encourage a . The pro-globalization people say that it is not just good for the rich but it’s good for the poor, because back in the ’s, when globalization took off, about million people got out of poverty in places like India and China.
May 06, · A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike.