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Effect of Globalization. According to JH Mittelman, “globalization means a
historical transformation in economy and cultural diversity. ...
globalization. Globalization ... Alternate definitions of globalization have
slants related to the group or industry defining it. For ...
Globalization. ... The world has slowly been becoming one giant marketplace. Globalization
has helped to boost economies as well as increase the ease of travel. ...
What is Globalization? Globalization ... It should not be narrowly confused with
economic globalization, which is only one aspect. While ...
Globalization. For every organization ... To be more specific, globalization provides
a key to an organizational success. Globalization and International ...
Submitted by devoted1 on March 4, 2008
Category: Social Issues
Words: 424 | Pages: 2
Views: 156
Popularity Rank: 67,958
Average Member Grade: N/A (Add a Comment / Grade this Paper)
People all over the world become closer than ever before. Goods and services that appear in a country will be immediately promoted in the others. International transfer and communication are more common. For describing this present time, they use the term: THE ERA OF GLOBALIZATION. This phenomenon affects the economic business and exerts a wide influence on society at that. The growth of the developing countries is the main cause of globalization and it brings both opportunities and disadvantages to them.
Globalization is a process and this process makes developments in these countries. First of all is the independence of each of developing countries. The development in industry, economy, culture and polity gives solutions
Furthermore, globalization also creates an aggressive competition in industry. With these advantages, governments have a basic background to build their country and escape from the Third World.
On the other hand, the spread of globalization makes many scientists warn us about its harms. As the result, the governments do not have enough money to deal with pollution problems. For the progression of industrialization, less developing countries cooperate with more developing countries to get new technology or instruct employees to know some modern methods. The multinational companies do not have to pay some kinds of tax such as: water, electricity, etc. Therefore, globalization causes a lot of risk to the countries in the Third World in deed. By lowing their prices, increasing money in advertising so the smaller ones cannot compete with the bigger ones and that will lead them to the bankruptcy. Meeting them, the people in the poor country increase their standard of living and get acquainted with new civilization.
As I have shown, globalization has given the developing countries many opportunities to increase their standard of living, economy and industry; nevertheless, it causes...
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