Menu Close
Latest posts by Jonathan Kush (see all)

    Using examples of one or two countries, this essay critically discusses whether globalization condemns smaller and economically vulnerable countries into further depths of poverty or whethter it has been a positive force for good.

    HARVARD
    Citation Here

    APA
    Citation Here

    MLA
    Citation Here

    CHICAGO
    Citation Here

     

    Critically discuss the following statement using examples of one or two countries – “Globalization condemns smaller and economically vulnerable countries into further depths of poverty”.

     

    1.0 INTRODUCTION


    Globalization generally refers to increasing global interconnectedness. Globalisation of ‘Markets’ thus refers interconnectedness in terms of global demand for products e.g. Coca Cola operates in about 200 countries catering to standard and localised beverage products; Globalisation of ‘Production’ refers to interconnectedness in terms of producing intermediaries of products at a global level, thus achieving a high quality production at optimum cost. E.g. Apple Inc. sources its spare parts from a variety of countries that specialise in that production, e.g. the US for design, Korea for internal microchips, India for software, and China for final assembly. Finally, economic interconnectedness refers to a ‘borderless’ world economy Cavusgil et al 2010).

    What is the relationship between globalization and poverty? Does globalization condemn smaller and economically vulnerable countries into further depths of poverty? The answer to this question varies depending on two schools of thought that have dominated globalisation literature. A cursory glance at globalization literature reveals a deep chasm between those who believe globalization has been nothing but a disaster for the world, referred to as Global Pessimists or Internationalists (Hirst and Thompson 1999 p2) and those believe it has been a positive force for good, notably known as Transformationists (Held 2000).

    Already a Subcriber?

    Forgotten your password? Click Here

    Not a Subcriber?

    GET UNLIMITED ACCESS

    TO ALL OUR FREE SAMPLES

    FOR
    FREE

    Services We are Offering

    We are more than a free study and revision tool.
    We also provide on demand research and custom writing services.


    error: Copying this content is in breach of our Terms and conditions.

    Popular

    Standard

    ***Paid annually at £119.88

    Access to free sample essays
    24/7 help from our expert writers & tutors
    Access To premium strategy case studies
    Free writing help for essays/reports (2500 Words Free)
    Extra writing help upto 2000 words free
    Access to exam preparation study guides

    £19.9£9.99

    Premium

    ***Paid annually at £359.88

    Access to free sample essays
    24/7 help from our expert writers & tutors
    Access To premium strategy case studies
    Free writing help for essays/reports (5000 Words Free)
    Extra writing help upto 2000 words free
    Access to exam preparation study guides

    £29.99