Globalization and Developing Countries

By

George Laue

Global Issues

1 Billion People

Less Developed Countries

1960

Industrialized World

2012

Developing Countries

=

WestEmerging economies

Developed Countries

2050

Industrialized World

Globalization

• Networking is key to develop and globalize. For nations to become wealthier they must become less corrupt and open to trade.

A major characteristic of the 1990s is the movement of the world towards globalization. Globalization refers to the widening anddeepening of international trade, finance, information, immigration, and culture in a single, integrated world market. The focus is to produce thebest outcome for growth and human welfare.

Positive and Negative aspects• The global economy has brought

wealth to both rich and poor nations. Like the United states and another countries that have embraced globalization have obtained and increase in wealth.

• Increase in production and jobs. Can cause pollution however, once nations have enough money they tend to solve their poverty problem and clean up their environments.

• Governments are able to better work together towards common goals now that there is an advantage in cooperation.

• There is a greater access to foreign culture in the form of movies, music, food, clothing, and more. In short, the world has more choices.

• People loosing their jobs in developed countries as corporations move their production facilities to less developed nations where labor costs are low.

• There may be a greater chance of disease spreading worldwide.

• Cultural imperialism• Gap between rich and

poor.

International Organizations

Why are some countries rich and some poor?• The Western nations industrialized quicker and were generally

rich in natural resources and were able to get them from their colonies. Most developing nations today are not rich in natural resources and aren't permitted to seize colonies.

• Government.

• Competition

• Geography.

How to help the least developed CountriesForeign Aid:

So, income, human assets, and vulnerability, these are the three sets of criteria which essentially identify the list of LDCs. The UN has a mechanism where every three years this list is reviewed and new countries are included, and if we are lucky, some countries graduate from the list

China• At the beginning of the 1980s china

was one of the poorest countries with

60 percent living in extreme poverty.

In the 1990s they were able to cut it by

one-half. They were able to

accomplish this by incorporating and

adopting aspects of the market

approach while remaining a

communist government.

Challenges of globalization in developing nations As Taiwan's economy became a part of the globalization process, its industries had to compete ever more intensely with those elsewhere in the world.

• Taiwan has changed to a high-tech, capital-intensive economy to be competitive in regional and international markets.

• More than half its high school graduates enter college, and the number of graduate schools in all fields is increasing rapidly. On the other hand, there are those who were too late to enter college and be trained for the knowledge economy of the 21st century. Polarization and income inequality are part of the cost of this rapid transformation.

The Challenge

• Because of the interconnectedness of todays world we see that the financial crisis in one country can affect many others it has connections with. If the US goes into a period of slow growth it will affect many other countries whose wealth comes from exports to the United States.

• The right balance. Market approach, relies on the self interest of people to create wealth while the state approach presents the government in creation of wealth. Then civil society recognizes the social development is important for the health of the community. The United States can be considered to be highly developed from the perspective of the market and state and although civil society is well there are still many issues.

• Today globalization is mainly driven by market forces focusing on economic growth. But we have to have in mind that with economic growth we have to balance and developed the other areas that make a developed country.

How to Improve• Improved

government or democratization.

• prevent corruption and enhance efficiency and accountability.

• eliminating wasteful and unproductive uses of public funds and providing the necessary domestic security.

least developed countries to take advantage of globalization particularly for manufactured exports, they must improve their industrial environment, competitiveness, product quality and standardization.

First hand aid, more people to volunteer and such to teach