Globalization and Developing Countries
Globalization is the massive control of the world’s economy by big businesses. With the growth of globalization comes the changing of developing countries’ economies, and destruction of environments and cultures. So why than are we still allowing corporations to hurt them? There must be a stricter limit on corporate activity in developing countries to protect their economies, environments and cultures. How far does globalization go back? Some people argue that globalization can be traced back to the Turks control of the Silk Road or the discovery of the Americas. (Ornek, Globalization and Cultural Identity) Others claim that it began at the end of the 19th century with the beginning of the Industrial Revolution. (Ornek, Globalization and Cultural Identity) There is no certain start point for globalization but two modern technologies have helped globalization become more noticeable, communication and transportation. (Ornek, Globalization and Cultural Identity) Regardless of when globalization began, it is an ever-expanding process. Economics is one of the most heavily affected by globalization. As corporations expand and build factories in other countries they not only harm the economy of the host country but also of the home country. These companies are practicing outsourcing, meaning that they are taking jobs from people in home countries and giving them to those in host countries. This helps raise the unemployment percentage in home countries. For example according to the US census and the statistics from the Bureau of Labor Statistics and Population the percentage of employment started dropping when globalization took off in 2001, when China joined the World Trade Organization. (Tverberg, 12 Negative Aspects of Globalization) Globalization also tends to move taxation away from corporations and onto individual citizens. (Tverberg, 12 Negative Aspects of Globalization). This is because corporation are moving to places...
Please join StudyMode to read the full document