Caribbean Business Environment
Can small developing countries survive in a globalized environment?
Can Small Developing Countries survive in a Globalized Environment?
This paper examined the arguments for globalization with respect to the survival of small island developing states primarily in the Caribbean region. Arguments for globalization focused on the development of new markets, free trade agreements, income generation and the building of human capacity through technology and technological advancements and new business opportunities. The merits offered by globalization include a better standard of life to the citizens along with other positive impacts and in particular, the enrichment of lives through the mixing of cultures, ideologies, food, music and fashions. Paramount to this is the development of technology, communication and travel among member states in order to achieve any measure of success. The benefits of globalization from the exploitation of a country’s natural resources and a sign of its economic prosperity is the level of the observed infrastructure. Arguments on the negative side are the risk of the damage to the environment, air and water pollution, security issues, health issues and the economic dominance of transnational corporations. Can small developing islands really survive in a globalized environment? The answer is not a simple “yes” or “no” because the depending factors are not restricted to improving trade relations or elimination of tariffs and the removal of trade barriers or increased competitiveness through greater productivity but rather the cost of leading a quality life by the citizenry and the ability to manage and sustain a fragile ecosystem which is inherent in almost all small island developing states.
Table of Contents
1.1.1. Definition of Globalization1
1.1.2. Definition of Globalization1
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(2011, 11). Can Small Developing Countries Survive in a Globalized Environment. StudyMode.com. Retrieved 11, 2011, from http://www.studymode.com/essays/Can-Small-Developing-Countries-Survive-In-839977.html
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"Can Small Developing Countries Survive in a Globalized Environment." StudyMode.com. 11, 2011. Accessed 11, 2011. http://www.studymode.com/essays/Can-Small-Developing-Countries-Survive-In-839977.html.