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World Business And Trade Essay

1649 words - 7 pages

4. Discuss the positive and negative aspects of globalization in 3rd world countries.
Globalization is a process to create a more open world, in many areas, some of which cover politics, economics, law and media. According to Mojmir Mrak, ( 2000) globalization is the process of continuing integration of the countries in the world it is strongly underway in all parts of the globe. The third world countries comprise of the whole of Africa, Asia (apart from the Soviet Union, China, Japan, Latin America and Oceanic islands), Australia and New-Zealand, consist of third world countries. Globalization is the tendency of investment funds and businesses to move beyond domestic and national markets ...view middle of the document...

Countries with technology, developed and richer should introduce and implement globalization in solidarity, equity values, freedom and justice, based on the determination that the global market should be appropriately controlled by the forces of government and society, so to ensure that the basic needs of all people are satisfied. Globalization, when not done in the right spirit of unity humanities, can easily become a mega bomb exploitation of Third World countries have in terms of economic, technological and disadvantaged. And this, sadly history shows that the lending policies of the IMF and World Bank as well as the modus operandi of many multinational companies are often plunged Third World countries into a deeper crisis than ever. It may be more significant to move the global justice and not for corporate greed and there is a growing need for global liberation from oppressive structural adjustment programs and also to ensure that both the World Bank and IMF to stop it from giving any conditionality in their loan scheme that could result in environmental destruction and dislocation of the poor in the southern hemisphere of the world.
Therefore, the cancellation of foreign debt alone is not going to be the cure to overcome the financial maladies Third World. It would take something more, especially in the delicate area completely changed and only the economic policies of some of the IMF and the World Bank, like that poor countries will not end up being destroyed systematically exploited yet, but will help realistic to build and strengthen a vibrant economy for the common good. Globalization has the potential to Third World countries, inter alias, to grow the economy, technology, education, politics, and if not stronger. However, it is no secret that there are some risks that adopted in it at one point or another, tend to be one or the other Third World countries into third world third if not carefully taken.
The second negative impact is impacted to the education. Education has been recognized as one way to promote social and economic development. The participation of women in education has been named the most important investment that a developing country can make, translating into better living conditions for families and increased productivity.
This is because of a combination of socio-economic, socio-cultural, political and institutional factors that constrain women's education. Across Africa a major focus of the globalization process that is in place since the 1980's are Programmed Structural Adjustment (SAP). African countries are in debt and poverty caused by the policies of international institutions like the International Monetary Fund (IMF) and the WTO. Debt repayments push the government to institute drastic measures like layoffs. Another important aspect of life (education, health, social welfare, environmental sanitation, agriculture and others were ignored). The ‘lost decade’ of the 1980s is in effect still continuing for...

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