Globalization and Developing Countries

GLOBALISATION AND DEVELOPING COUNTRIES: SEIZING THE ADVANTAGES AND AVOIDING THE DANGERS INTRODUCTION consort to Dunning & adenylic sour; Narula (1997), globalisation is the convergence of income levels, consumption patterns and technical capabilities between alter and some(prenominal) industrializing countries and the increase in interdependence between the countries. Shenkar and Luo (2008, pp2), define globalisation as the acceleration and extension of interdependence of economic and bank line concern activities across national boundaries. The effect of globalization on countries and regions has non been uniform, majority of the developing countries are not benefiting from the gains of globalization no matter how laudable such gains are (Dunning & angstrom unit; Narula, 1997). concord to Dunklin (2005), globalization has largely resulted in inequality between sure-enough(prenominal) and developing nations. Also in the view of Shenker and Luo (2008), globalizat ion is associated with mixed kinds of reactions that are emotional resulting in globalization being line in discordant ways. ADVANTAGES OF GLOBALIZATION According to UNDP human increase discover (1999, pg 25), globalization has both positive and negative aspects.

globalization gives the consumer the chance to choose among the wide variety of products and services and overly affects batchs prospects in their career if they are enlightened ( Shenker & Luo, 2008). In the view of Shenker & Luo (2008), globalization gives a rendering of the worlds product and marketing of goods and services. It makes more people to require entrée to products and services at ! better price. It also makes available a better time, place and value oriented utilities (Shenker & Luo 2008). It opens warring venues to small business and act as an mover of hearty growth, it helps in job creation, through globalization, a workings clear of people will emerge who will correct taxes to their various government indirectly generating revenue for these...If you want to repel a full essay, order it on our website: BestEssayCheap.com

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