Globalization- a Boon or a Curse for Developing Countries?
EC1103- ESSAY
Globalization- A boon or a curse for developing countries?
Sanjita Sahi
100608980
Word count-3181
List of content:
• Introduction
• Economic definition of globalization.
• What is happening instead of what should have happened?
• Positive effects of globalization with example of China.
• Negative effects of globalization using Jamaican economy as an example.
• Other effects of globalization prevalent everywhere such as poverty, unequal society, violence and environmental degradation.
• Conclusion- so is globalization really good or bad for under developed countries?
• Reference.
Is globalization a boon or a curse to developing countries?
Introduction:
Since the beginning of 21st century, globalization has been the main topic of debate for many economists and general people. So, what makes globalization a very dear topic to all of us and a concern? May be it is the fact that all our lives are so heavily dependent on globalization; be it the oil we export from middle east, the internet that we use on a daily basis or the bananas we export from the Caribbean. We cannot escape globalization in this day and age as it is very integrated in our lives and our surroundings. In this essay I will be discussing the role globalization has played in the developing economies. Has it been a positive effect or a negative one? I will be using Chinese economy as an example of positive effects of globalization and on the other hand, I will use Jamaican economy to support my arguments about negative effects of globalization. I will also be discussing about other effects of globalization such as poverty rate, unequal society, violence and economic degradation. In conclusion, I will be giving my views on whether globalization has really been a positive effect on developing countries or whether it has brought even bigger problems to these countries.
Economic definition of globalization:
So what is globalization? In
Globalization- A boon or a curse for developing countries?
Sanjita Sahi
100608980
Word count-3181
List of content:
• Introduction
• Economic definition of globalization.
• What is happening instead of what should have happened?
• Positive effects of globalization with example of China.
• Negative effects of globalization using Jamaican economy as an example.
• Other effects of globalization prevalent everywhere such as poverty, unequal society, violence and environmental degradation.
• Conclusion- so is globalization really good or bad for under developed countries?
• Reference.
Is globalization a boon or a curse to developing countries?
Introduction:
Since the beginning of 21st century, globalization has been the main topic of debate for many economists and general people. So, what makes globalization a very dear topic to all of us and a concern? May be it is the fact that all our lives are so heavily dependent on globalization; be it the oil we export from middle east, the internet that we use on a daily basis or the bananas we export from the Caribbean. We cannot escape globalization in this day and age as it is very integrated in our lives and our surroundings. In this essay I will be discussing the role globalization has played in the developing economies. Has it been a positive effect or a negative one? I will be using Chinese economy as an example of positive effects of globalization and on the other hand, I will use Jamaican economy to support my arguments about negative effects of globalization. I will also be discussing about other effects of globalization such as poverty rate, unequal society, violence and economic degradation. In conclusion, I will be giving my views on whether globalization has really been a positive effect on developing countries or whether it has brought even bigger problems to these countries.
Economic definition of globalization:
So what is globalization? In