Will the globalization affect the economy condition in any way?

Question

It is said by some people that globalization will not concentrate the lower set of people.it will sideline the poorer secters in the country

Answer 1

Empirical evidence shows otherwise. Globalisation is Increased international trade. Which has made us wealthier and allowed us to lead more diverse lifestyles.

The term "globalisation" was first coined in the 1980s, but the concept stretches back decades, even centuries, if you count the trading empires built by Spain, Portugal, Britain, and the Netherlands.

Some would say the world was as globalised 100 years ago as it is today, with international trade and migration.

But the 1930s depression put paid to that. Nation states drew back into their shell.

The resolve of Western states to build and strengthen international ties in the aftermath of World War II laid the groundwork for today's globalisation.

It has brought diminishing national borders and the fusing of individual national markets. The fall of protectionist barriers has stimulated free movement of capital and paved the way for companies to set up several bases around the world.

The rise of the Internet and recent advances in telecommunications have boosted the already surging train.

For consumers, this is largely a good thing. Vigorous trade has made for more choice in the High Street, greater spending, rising living standards and a growth in international travel.

And that's just the tip of it. Supporters of globalisation say it has promoted information exchange, led to a greater understanding of other cultures and allowed democracy to triumph over autocracy.

Answer 2

Globalization will relocate wealth and industry from wealthier countries to poorer countries. These counties can leverage thing like polluting the environment with impunity. Low taxes and limited liability. Many countries do not pave many roads, educate their whole population, maintain a health care infrastructure or provide street lighting. All these activities result in a tax advantage an irresistible competitive advantage.

For those countries that do this and maintain these advantages they are evangelizing this poverty as a social system. Do you feel it?

Answer 3

No they are wrong gobilization creats market were they were none before. This increases competition. They this happens people would were recieving a lot of money for their product or labor have to reduce their prices so that poeple will still buy it. Its bad for the people who get paid more, good for the people who get paid less, and good for the people as a whole, because increased competiition increase consumer surpluses, which usually come in the form of new tecnology, and higher productivity.

Answer 4

globalization defentely affects economy coz as it brings in services from developing nations for cheap n saves money for the developed countries but also brimgs in cheap goods from developed countries to the developing countries this also saves money
not only that a country with low invest ment capacity can act as host country for multi nationals n create jobs
over all its good for almost all the economies in the world if that economy know how to reap the benefits of globalization

Answer 5

everyone's affected
u wear $99 sneakers made from chinese workers making 5 cents a pair, don't u?
without your purchase they would be makin 3 cents growing wheat or something.
check with the MAN with the masterplan

Answer 6

positive
a better acess to foriegn capital
advanced technology at low cost
better use of our favourable conditions
we can sell our products outside the country

negative
depression in agricultural sector
abolition of subsidys to farmers

Answer 7

YES IT DEFINITELY HELPS AS IT BRINGS FOREIGN CURRENCY.

Answer 8

IT'LLL MAKE IT BETTER