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The Impacts Of Globalization On Developing Countries

1600 words - 6 pages

Globalization, love it or hate it, but you can’t escape it. Globalization may be regarded as beneficial from an economic and business point of view, but however cannot be perceived the ditto when examined from the social sciences and humanities side of it. Globalization can be argued as a tool for economic growth, advancement and prosperity through co-operation between the developed and developing countries. The pro-globalization critics argue that the benefits that globalization brings to developing nations surpasses or outcasts the negative impacts caused by globalization and may even go a step further to state that it is the only source of hope for developing nations to prosper and stand out. However, the real question to be asked is as to what extent are the positives argued upon without taking into account the negative aspects of globalization towards developing countries. Moreover, how many developing countries out of many are exactly benefiting or even prospering from globalization is another question to consider. Therefore, my paper will dispute that indeed growth and advancement provided by globalization to developing countries is beneficial in short-term, but in the long-run, it will only bring upon negative impacts and challenges due to the obstacles involved such as exploitation of labour and resources, higher increase in poverty, and effects of multi-national corporations on local businesses and the economy, and to an extent the effects on the developing country itself.
One of the many negative effects that accommodates with globalization on developing countries is exploitation of labour. With a competitive global market, inflation, and cheaper labour costs in developing countries, exploitation of labour is readily vast in outsourcing jobs positioned in overseas markets. Due to demand in cheaper goods in developed countries, labour costs must be kept to minimal, which in turn has arisen many issues including violation of human rights. Human rights violations have risen since globalization has made advancement in technology, and one of the main reasons human rights have statistically risen is because of human trafficking. Human trafficking is defined by oxford dictionaries as “the illegal movement of people, typically for the purposes of forced labour or commercial sexual exploitation,”1 and it still is an abundant factor that makes labour exploitation in the modern world. In 2010, a news article was published by AsianNews, that stated ‘more than hundred million children in India are forced to work in slave-like conditions.’2 The current population of India is stated to be 1.23 billion people approximately, of which the article states that hundred million children are forced to do labour, meaning roughly 8.13 percent of India’s population consists of children who are forced to do labour, and exploited by making them do long, tedious hours of hard labour. The pro-globalizers that argue that globalization brings education to...

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