Globalisation can be defined as growth on a global scale, where business is shifted from national and domestic markets to a worldwide market environment. Globalisation is the attempt to achieve worldwide human interaction through the creation of a global market. Until recently we have seen the exploitation of the developing world by richer countries seeking cheaper resources, leading to temporary wealth in the developing countries but not necessarily enabling them to get a foothold on the ‘ladder’ of development through building their own permanent export businesses, shipping out manufactured products made using their own resources. Globalisation only seemed to gain attention in the 1990’s where international institutions such as the International Monetary Fund, World Trade Organisation and the World Bank delved into domestic policies with the aim to protect lesser economically developed countries from exploitation. It is a phenomenon that has been achieved through (amongst other things) increased global communication, the reduction of trade barriers and the reduction of travelling costs as well as an increase in the quality and efficiency of these methods of transport. Globalisation could be seen as a gradual trend towards homogeneity where, essentially, in the long run we should see opportunity being the same throughout the entire world, however the ‘global culture’ idea is one that is very far from being a reality, especially since not everybody believes that globalisation will benefit them.
We have seen that globalisation has had an impact on world trade, but it is not seen as entirely beneficial. There are those that that think that globalisation has led to an increase in the wealth of the developed countries and has also helped those in poverty in developing countries by the provision of certain policies that promote the... [continues]
Cite This Essay
(2010, 09). The Effects of Globalisation on the Developing World. StudyMode.com. Retrieved 09, 2010, from http://www.studymode.com/essays/The-Effects-Of-Globalisation-On-The-416464.html
"The Effects of Globalisation on the Developing World" StudyMode.com. 09 2010. 09 2010 <http://www.studymode.com/essays/The-Effects-Of-Globalisation-On-The-416464.html>.
"The Effects of Globalisation on the Developing World." StudyMode.com. 09, 2010. Accessed 09, 2010. http://www.studymode.com/essays/The-Effects-Of-Globalisation-On-The-416464.html.