Impact Of Globalization On Developing Countries – Impact of Globalization Essay: Since the fall of communalism, globalization has become one of the most controversial issues discussed among people around the world. Globalization has a different definition for different people, and whether it has a positive effect today or was better than yesterday is still questionable. Although part of the population questions its existence, it has had a significant impact on the economies of both developed and developing countries. Globalization cannot be simply linked to politics as it has had significant effects on the cultural, ideological and social aspects of people around the world.
To understand the impact of globalization, it is important to know what it is. One of the popular political scientists, James Rosenau, described the term as a current popular label and explained human norms, goods, ideas, services, activities and currencies that are localized and practiced in a limited area. According to the World Health Organization, globalization is defined as the interdependence and interconnectedness of people locally with people around the world. The two main elements that need to work here are the ease of flow of goods, services and people’s activities from one place to another and the inclusion and change of policies that enable the easy flow of exchange around the area.
Impact Of Globalization On Developing Countries
Globalization is a complex procedure that includes trends and tendencies in the economic, cultural and social spheres of people and places around the world. The process is huge and not easy to predict, but it is also organized. Investment and trade liberalization, worldwide social networks, technological innovation and entrepreneurship are the four main factors of globalization.
Pdf) Could Developing Countries Take The Benefit Of Globalisation?
Many political scientists believe that the two main forces that make globalization effective are technological innovation and entrepreneurship. However, it is impossible to prove that the process works without the interference of other factors. By adopting and developing market laws and policies in the local and international fields, governments have played a significant role in allowing the economic integration of special activities and giving great independence to welcome the outside world. The financial aspect of globalization is the main force that acts as a driver for both the political and the social part. Due to the colonization of Europe in various countries, some of the practices and cultural lifestyles were adopted by the people deep in the African villages.
Globalization has opened the way for countries to develop rapidly. However, the development is not even, as some countries grow rapidly compared to others. The interconnection of countries has helped reduce poverty, but it does not equally support members of the global community. Developing countries are in a disadvantaged position, while developed countries enjoy all the advantages of interconnection. However, when we look closely at the impact of globalization throughout the world, we can conclude that it has both positive and negative effects on both developed and developing countries.
It has been proven that globalization positively affects the quality of life of people in developing countries. Financing from foreign countries and industrialized nations helps many developing countries to reduce poverty. These funds are spent on improving the social, health, transport structure and education of developing countries, helping them with their standard of living.
Today, developing countries can openly communicate and trade through transportation, labor, technology, management and other benefits of other industrialized countries.
Journal Of Globalization And Development
Globalization has its own background that affects both developed and developing countries. However, finding the positive side more difficult, people still believe it is beneficial and aim for a better standard of living for all poor people around the world.
According to political scientists, there is an obvious impact of globalization and trade on developing countries and industrialized countries that positively affect the economic development of nations. However, economic progress is not possible if member countries and governments do not allow the free flow of trade without any restrictions. Trade liberalization will help the free flow of goods and services while increasing profits for the producing and exporting countries. In the past decade, Uganda has proven to have improved its economic situation by allowing free flow of trade and limiting laws.
Trade is emerging as a trend in various underdeveloped and developing countries. With the reduction of trade restrictions, labor requirements and the demand of manufacturers increased. Many such industrialists move their operations and production to developing countries, increasing employment and wealth among poor people. Host countries have several benefits from such a situation. Firstly, increasing the employment opportunities as the industries require a lot of labor and manpower. The import of new technology is automatically activated with the welcome of new foreign sectors. Therefore, the training of local employees provides another opportunity for employment in the host countries. Often these foreign industries distribute their works and machinery factories in various other countries and states. In such cases, wide employment opportunities pave the way for globalization.
With the rise of creativity and innovation, local and global competition is an automatic result of globalization. Competition among producers ensures the quality of products and the efficiency of production of goods. One of the main positive effects of globalization is access to foreign interests, culture and entertainment through music, movies, clothes and television shows. Cooperation among government officials and focus on similar goals has helped in the distribution of knowledge among different poor countries. With globalization, news and other types of interactions can be done faster than expected.
Globalization And Development Dilemmas
However, in addition to the many positive effects of globalization, there are also several negative effects, which critics combine to criticize the concept in developing countries. According to reports from 2004, the negative impact of globalization has no greater examples than countries like China and India.
According to political scientists, the main negative effect of globalization is poverty. Although it is said to have reduced poverty in developing countries, the United Nations Secretary-General, Kofi Annan, says that only a few countries are enjoying the benefits of globalization. In contrast, most developing countries remained in the dark. It is not possible to estimate the effect of globalization on poverty. However, according to the survey, sub-Saharan Africa shows an increase in poverty by eighty-two million, Central Asia and Europe by fourteen million, and the Caribbean and Latin America by eight million. However, globalization alone is not responsible for poverty in developing countries, weak reforms, governance, lack of economic policies and ideas. Like Zygmunt Bauman, popular political figures have argued that globalization makes industrialized countries rich and poor developing countries even poorer.
Globalization helped several African colonies; however, today most of them have been dependent on large rich countries for years. African colonies are known for their consumer economy. Poor agricultural practices and growth are worsening the overall economy in Africa. With the decline in trade and import capacity in the late 90s, per capita income in the region slowly declined. An overview of social and economic conditions Africa has an external debt of one million dollars.
Globalization has seriously affected the hygiene of infectious and deadly diseases. This gave developing countries the opportunity to contain, prevent and quickly eradicate the infection. The reason why deadly diseases are on the rise worldwide is the technological challenges that have led to an increase in harmful emissions, resulting in global warming. Increased breeding of mosquitoes in open water, swimming in swimming pools and other ways of contamination with Schistosoma larvae can result in dangerous diseases. With the adoption of the Western diet in developing countries, food-related illnesses began to rise in the long term.
The Impact Of Globalization On Isi Policies
The western style that happened through globalization has caused adults and youth to lose their core values leading to several diseases like AIDS or HIV that have a long-term effect on the country’s society and economy. Before liberalization took effect, coffee farmers in Uganda had a government-organized Coffee Marketing Board that acted as an intermediary between growers and foreign buyers. Although the farmer had to pay the infrastructure costs, they were assured of the standard price. However, with the introduction of globalization, the coffee maker was abolished, and farmers had to take shelter in the unpredictability of the world market.
With the introduction of globalization, the structure of employment opportunities in developing countries has changed. Before the onset of globalization, the main source of employment and economy in developing countries was based on agriculture for both men and women. With the introduction of foreign industrial corporations, some people shifted their occupation from agriculture and joined industries as laborers needed for mass production. This led to a small number of people working in the fields. Evidence shows a reduction of male workers in agricultural areas by sixty-two percent, and female workers by fourteen percent. Increasingly unstable income and unemployment with no guarantee of their future are the result of the employment structure in developing countries.
Globalization has led to mass unemployment as multinational companies outsource their services. Three main changes which
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