Define Economic Globalization And Describe Its Consequences To Developing Countries In Terms Of Trade And Investment.

865 words - 3 pages

Define economic globalization and describe its consequences to developing countries in terms of trade and investment. Your answer should integrate the reaction of your country to the issues of economic globalization. (about 800 words).Introduction:-Probably the most important aspects of globalization is the economical one, in this report economic globalization will be define with the discussion of the nature and the limits of economic globalization, with the volume of trade and level of exchange between countries and the amount by which they have increased, furthermore, some more things.Main body:-Economic globalization expresses the economic activity in term of interdependence and integration between economies and economic activity; it can be defined as the process by which markets and production in different countries are becoming increasingly interdependent due to the dynamics of trade in goods and services and flows of capital and technology. In this field there have been many undeniable benefits. Globalization has eliminated many economical obstacles that made trade difficult in the past. Free trade and free markets are the crucibles of the global economy and this, even if strongly criticized by many, has an important benefit for both, producers and consumers: the reduction of costs.(1) Held (2003, p.92-94).Globalization can affect our personal perception as it changes, because it include the technological development, diplomatic relation, criminal activity and military adventure, also the economic, culture and political ones. There is debate about globalization split into three different position, first one is globalist and they see it as a positive trend because of the possibility for the market to increase the economy of scale and allocate efficiency, and they claim that there are international trades and investments. They think and advocate by economic neo-liberals and condemned by neo-Marxists.Second position is traditionalist which advocates alternative view of the international economy and it governance because the growth of interdependency and integrated economies under the authorization of economic management. Third position is transformationalist, which are sweeping the intense of interdependence and integration by new form in patterns of (enmeshment) and (marginalization).(2) Held (2003, p.88-91).There are some evidences that can be mention to prove the level and volume of trade and exchange across countries boundaries, for instance; in the culture phenomena, most of us admire some characters let say like Nelson Mandela or Barak Obama and we feel very close to them than our neighborhood or how much Hollywood affects our behaviors. Also in economic phenomena we observe the huge number of migration in all countries, furthermore good evidence is the financial problem which we are in line with it which the root for it starts from united state and it reach my country and community.(3) Held (2003, p.26-27).Regarding...

Find Another Essay On Define economic globalization and describe its consequences to developing countries in terms of trade and investment.

Impact of Trade Liberalization on Developing Countries

5990 words - 24 pages trade. In principle, these gains would be available whether or not the industrialized countries also followed a path of trade liberalization.The second section will briefly discuss some of the reasons why developing countries may not choose to liberalize, in spite of the potential gains implied by the CGE models. The two most obvious considerations are the loss of revenue due to tariff reductions, and the economic and social disruptions caused by

The Impacts of Globalization on Developing Countries

1600 words - 6 pages to prosper or succeed leading to higher increase in poverty. This has led to even higher increase in regional inequalities amongst the nation. Lastly, the impacts of multinational corporations on developing countries and its people is another factor to look into when arguing the negative impacts of globalization because there are many drawbacks of it ranging from interference in a developing nation’s sovereignty, exploitation of labour

The Economic Effect of Child Labor in Developing Countries

889 words - 4 pages Nowadays, child labour is one of the most important problems in some countries and this problem tends to spread around the word day by day. Some researches indicate there are approximately 246 million children around the world whose ages are between 5 and 17 have to work in job. In addition, nearly 70% or 171 million children are likely to work in harmful conditions. Working in mines with chemicals or pesticides in agriculture are only two

Gloablisation and Its Affect on Business in Industries in Developing Countries

1526 words - 7 pages need to exploit its finite natural resources and use of natural resources increases level of pollution, which contributes to global warming. In some cases environmental costs are much bigger than gains from the trade. Many governments in developing countries are willing to accept a certain level of environmental damage in exchange for economic well-being. The link between the environment and economic development may be more complex that that

Does Free Trade Retard or Improve Development in Developing Countries

2278 words - 9 pages made intellectual case for free trade. Today this theory of comparative advantage has remained the bedrock of arguments for economic integration and free trade. The broad purpose of this paper is to try and answer these questions; • Does Free Trade Improve or Retard Development in Developing Countries • Is Free Trade really Free. Free trade is the trade among two or more countries without any limitations imposed by the governments or other

Asian economic crises: What were the causes and consequences? To what extent does their occurrence relate to globalization?

1853 words - 7 pages The Asian economic market was seen as a success in terms of rate of growth and gains in living standards. Their remarkable achievement in sustaining a high rate of economic growth over a long period was significantly fostered by their active participation in the globalization process. This enabled them to take advantage of the increasing opportunities for using trade as an engine of growth and for accessing external capital and technology. In

Are Developing Countries"Winners" or "Losers" of Globalization?

2352 words - 9 pages . Multinational corporations play a huge role in globalization by opening its factories abroad, usually in developing countries, such as, China, India, Vietnam and Bangladesh, in order to find a cheap labor force, escape from taxes and environmental regulations. Multinational corporations promise countries economic development and prosperity, but in reality they put workers under terrible conditions by creating sweatshops and using child labor. Despite

Does globalization as claimed now by western people as useful and helpful for developing Countries.

1110 words - 5 pages have positive effects on developing countries most of new states like mine would still be in deep poverty. One more example is India the country which opened its borders for foreign investors and businessmen only in mid ninetieth and at first India faced many problems in the process of globalization. The main reason for these problems was unawareness of Indian people about market economy and this lack brought millions of Indians to bankruptcy

This house believes India should slow its economic growth to help the world's climate Should developing countries mitigate climate change

2369 words - 9 pages This house believes India should slow its economic growth to help the world’s climateProposing the motionThe latest Met office climate predictions show that by 2100, temperatures are likely to rise to around 2 °C above pre-industrial levels. This prediction assumes large and early cuts of green house gas emissions are implemented. If no action is taken to check the rise in green house gas emissions, temperatures are more likely to rise

Trade protection in agriculture by European Union and the United States results in gains for some and loss for others. Evaluate the impact of US Farm Policy or EU Common Agriculture Policy on...

2328 words - 9 pages Question 2Trade protection in agriculture by European Union and the United States results in gains for some and loss for others. Evaluate the impact of US Farm Policy or EU Common Agriculture Policy on developing countries.The European Union (EU) is the agricultural leader among developed countries in international trade. It is well-known as a world's major food exporter. In 2010, for example, its agricultural exports, mainly processed foods

Is the environment of developing countries degraded/compromised by economic growth? - Argumentative Essay

1134 words - 5 pages vegetation in order to build more facilities that will elevate the country to become developed. EFFECTS OF ECONOMIC GROWTH ON THE ENVIRONMENT With population growth comes greater consequences as it means that the demand of goods and services is increased as well as the settlement. Demand and supply should be balanced in order to sustain all the people in addition the country should be in position to be able to take care of its citizens

Similar Essays

Globalization And Its Consequences Essay

659 words - 3 pages world, such as economic, politics and international relations. However, that not all aspects of life affected by globalization. The above reasons globalization help developed countries to maintain in their level and poor countries to raise living standards, economy and education. For instance, Manzella (2006) in his article Have Trade and Globalization Harmed Developing Countries? describes how poor countries at the expense of globalization are

E Commerce And Its Role In Developing Countries

3104 words - 12 pages 1999 to 270,000 and was estimated to rise to over 2 million by end of 2000. In China, 60% of the businesses are using e-commerce .But, E-commerce is still in its infancy in the developing countries. It is due to internal constraints that the development of e-commerce has been slow. Reasons for a slow development are :Information Technology infrastructureDeveloping countries are far behind developed countries in terms of information technology

Is Free Trade Equally Beneficial For Developed And Developing Countries?

2417 words - 10 pages their countries for protectionism. As a result, East Asian countries grabbed the chance to jump on the band wagon of the mainstream of the trade economy (Kufouor 2004:18). Their growth of scales of economy was far too rapid. Inevitably the social and political development could not catch up the speed of its economic growth.South Korea is very special cases. It is only country in the world which changed its position from being aided to give an aid

Economic Globalization And Its Importance To Today’s Business

616 words - 3 pages What is Economic Globalization? The world is becoming smaller and smaller as days go by. This is not on the perspective of the earth’s real size, but rather it is becoming smaller due to the effect of globalization. In the simplicity terms globalization can be said to be that free movement of resources across borders. Globalization has more to do with cross border issues or rather internationalism. Technology is making this effect possible. Than