Globalization and its effects on developing countries.
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Globalization – the growing integration of economies and societies around the world – has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in China, India, and other countries that were poor 20 years ago, has been a positive aspect of globalization. But globalization has also generated significant international opposition over concerns that it has increased inequality and environmental degradation. But what is the concept of globalization? #Globalization is the most talked and debated issue in the contemporary world. It is a concept that escapes precise definition. In most cases, it is described rather than defined. Some commentators have described globalization as a stage of capitalism or late modernity and some remarks that globalization is a new way of thinking. However, it does not mean the same thing for all. For some, globalization is a process of opening up economies so that trade between countries could take place freely. For them increasing globalization has helped the expansion of opportunities for nations and benefited workers in rich and poor countries alike. Brings positive benefits for consumers, helping to increase choice, drive down prices, improve services and create new jobs and opportunities. Globalization can therefore be, seen as a positive force for change that has the potential to raise living standards and drive economies forward...Read more at https://www.digitpro.co.uk/201....4/02/16/globalizatio
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Get the books:
War and Power in the Twenty-First Century: The State, Military Conflict and the International System: by Paul Hirst, https://amzn.to/2ZZK1HZ
Globalization: A Very Short Introduction by Manfred B. Steger, https://amzn.to/35VXS5V
Footnote:
The World Bank is a vital source of financial and technical assistance to developing countries around the world. World Bank is not a bank in the common sense. The World Bank is made up of two unique development institutions owned by 185 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role in The World Bank mission of global poverty reduction and the improvement of living standards. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together The World Bank provides low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes.
The IMF is an international organization of 185 member countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.
International Migration, Remittances and the Brain Drain, A Study of 24 Labor-Exporting Countries by Richard H. Adams, Jr. (link: http://www-wds.worldbank.org/e....xternal/default/WDSC )
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Writer and producer: Tony Zohari
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