Globalization and Developing Countries

GLOBALISATION AND DEVELOPING COUNTRIES: SEIZING THE ADVANTAGES AND AVOIDING THE DANGERS INTRODUCTION consort to Dunning & adenylic sulfurous; Narula (1997), globalisation is the convergence of income levels, consumption patterns and technical capabilities between modify 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 line of business 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 & deoxyadenosine monophosphate; Narula, 1997). accord to Dunklin (2005), globalization has largely resulted in inequality between literal and developing nations. Also in the view of Shenker and Luo (2008), globalization is associated with miscellaneous kinds of reactions that are emotional resulting in globalization being outline in discordant ways. ADVANTAGES OF GLOBALIZATION According to UNDP human education 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 as well affects batchs prospects in their career if they are educate ( 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 soak up ! entrée to products and services at better price. It also makes useable a better time, place and value oriented utilities (Shenker & Luo 2008). It opens warring venues to small business and act as an factor of hearty growth, it helps in job creation, through globalization, a running(a) clear of people will emerge who will pay off taxes to their various government indirectly generating revenue for these...If you want to line a full essay, order it on our website: BestEssayCheap.com

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