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Essay / Research Paper Abstract
This 6 page paper considers the impact that globalisation is having on developing nations. The paper examines the advantages, such as increased wealth and job creation, as well as the disadvantages such as exploitation and increased volatility within the national economies. The bibliography cites 8 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEimpglob.rtf
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Unformatted sample text from the term paper:
by many countries, where a former developed nations are now classified as a developed nation. The student may like to give some examples. However, there are also disadvantages which need
to be considered alongside the advantages when looking at the impact on developing nations. Globalisation has also been encouraged and simplified by different trading groups which aim to reduce
barriers to international trade by reducing trade tariffs and promoting free trade. Organisations such as the European Union, the World Trade Organisation (WTO), NAFTA and AFTA all see globalisation
as an enabling tool (Gunalan, 1999). The prospect of globalisation has been heralded by many as a potential revolution that could be
used to improve social development and economic development prospect throughout the world (Africa News Service, 1999). It can be seen that with all the different changes, such as trading blocks
and reducing tariffs, that international trade is becoming a simpler process, and more accessible to all the worlds nations (Africa News Service, 1999). It has been stated, by Joseph Stiglitz,
a chief economist, that "Globalisation is like a giant wave, that can either capsize or carry them forward" (Africa News Service, 1999). This acts as a timely reminder that
were there is opportunity there is also risk. Globalisation is all very well, but morally it should be able not only
to increase profits but enrich the nations in which the trade occurs (Ismail, 1999). Globalisation requires a measure of free trade environmental factors to occur, these mean that deregulation and
free capital movements will increasingly need to be facilitated (Ismail, 1999). With careful handling this free flow of capital and investment that can be gained by poorer countries can be
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