Globalization, Pros and Cons for Developing Countries

Topics: Investment, Developing country, Foreign direct investment Pages: 4 (938 words) Published: January 27, 2012
This Document addresses the advantages and disadvantages of the term “Globalization” for developing countries. Some social, economic and environmental issues are discussed in the paper. This Document addresses the advantages and disadvantages of the term “Globalization” for developing countries. Some social, economic and environmental issues are discussed in the paper. Hosein Rahmati

Hosein Rahmati

Globalization, Pros And Cons For Developing Countries
January 2012
Globalization, Pros And Cons For Developing Countries
January 2012

Globalization could be defined as the contemporary trend in all aspects of human life such as cultural, economic and business, political, educational and ... to reduce or remove barriers between nations to communicate with each other. However, most of the countries of the world have engaged in this phenomenon, but still there are some disputes over the subject. Somebodies believe that however, it has benefited both developed and developing countries, but also the costs and disadvantages of globalization had been underestimated. But despite the critics, it seems that the globalization will proceed faster and faster to shape the global village. In this process the rapidly evolving and developing information technology and ease of information flow has speed up the term globalization effectively and drastically. In globalization from an economic point of view, the barriers of a free trade between nations will be removed. Some of these barriers are import tariffs, export taxes, regulations that hamper the flow of capital, regulation against owning of properties and businesses by foreigners. Globalization has some advantages and disadvantages for developing countries. These advantages or disadvantages are dependent to the social, economic, cultural, and geographical conditions of a country. in globalization, may be one country be benefited more and one country less or even lose, but in reality all of the countries try to make...
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