What are the positive n negative impacts of globalization on developing countries?

Answer 1

Well, all things held constant, globalization is beneficial for the global economy...but due to lack of improper economic governance, it can have several bad effects.

Positive effects include higher jobs as a result of bigger companies opening, access to new technology as the new foreigh companies bring their home technology to the receiving country, access to foreign skills which can improve the labor pool locally, higher trade opening new and faciliated distribution channels whereby local producers can export their local goods, and better political relations for debt purposes and other aspects.

Negative effect include, very importantly, small local companies can face huge problems from incoming big global companies which may force small local companies out of business as they cannot compete against such large companies, loss of existing jobs of simple workers at local companies who may be laid off as a result of their companies facing shut down, in the long run global companies may start to have bigger power in the industry setting rules which may come against local companies, poor independent villagers may lose their primary source of income as big companies, with huge resources and income, take over their line of business (i.e. agriculture for example) and drive them out of business, and finally potential political self-interested deals between local governons and global tycoon companies which may come at the expense of the local public...i.e. maintain cheap labor.

Answer 2

Neagtive:
Exploitation of cheap labor, culture loss, western influence on traditional values

Positive
More revenue, employment, economin activity improves, further development in country

Answer 3

POSITIVE--employment factor increases,increases the way of living,provides better road transportation n updates of all
NERGTIVE----ONLY THE RICH BECMS RICH N POOR STILL POOR,,MORE OF CORRUPTION,BECUMZ HIGHLY POLLUTED,SPREAD OF NEW DISEASES,CONTMINATE WATER,SPOIIL NATURE ASWELL AS UR HEALTH

Answer 4

read... it gives you the pros and cons http://en.wikipedia.org/wiki/Globalization