Globalization good or bad for developing countries?

 Quite a few people suggested in discussion that the meaning of globalization varies depending on perspective. With this in mind, I want to further discuss globalization from the perspective of a periphery nation (developing/third world country). There are obviously pros and cons to globalization for everyone. But do you believe globalization is ultimately good or bad for the periphery in regards to economics, politics, and culture?

 I believe there are a lot of economic advantages. Globalization creates an increased and more stable supply of cash to developing countries. It gives them more access to the market and ultimately increases communication across the economic hierarchy. If it weren’t for globalization, the U.S as a developed nation might not have much reason to interact with those countries on the periphery. Economically speaking, without globalization some countries might be entirely isolated and would have no access to resources or products not offered in their immediate vicinity. Most people would agree that globalization brings about opportunity for the periphery.

So why would globalization potentially be a threat?  There are two overarching arguments I want to discuss: exploitation and cultural oppression. Some fear that the periphery is too easily exploited. While globalization brings about the business of big name corporations (as we heard from our Nike case), it also carries ethical issues. Are big businesses taking advantage of the locals of less wealthy and politically influential places? I would say to a certain extent yes. I think it is good that the business is brought to places that desperately need jobs and economic stimuli, but certain ethical issues arise in cases involving unfair work practices and poor working conditions like sweatshops. When I studied abroad in New Zealand I took a class entirely focused on Global and Local Cultures and how the two affect each other. When it comes to culture I think it is important to realize that it is a two dimensional relationship between the global and the local. Global culture and local culture are in a dialogue. I don’t believe that any singular culture is oppressing another’s. Because countries are interacting I think they are causing each other’s cultures to change. While core countries may have a dominant role in this exchanging of culture, I do not see periphery nations as being totally passive in cultural exchange.

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6 Responses to Globalization good or bad for developing countries?

  1. awhigbee says:

    I remember a commercial I saw on television that kept popping into my mind when I read this post. There is a new crocheting company that is teaching women in Uganda (and other developing countries) to crochet hats to be sold in developed countries. I thought this seemed like a cool concept and kind of goes along with what Kelly was saying about bringing economic development to underdeveloped countries. This idea however does need to be supported by a stable government. As we saw in the Shell case, it is challenging to bring economic development to a politically unstable area.

  2. Pingback: Globalization example; positive/negative? | Biz Gov Soc

  3. bucknell92 says:

    I find this post interesting because when looking at a situation such as globalization and the interaction between developed countries and under-developed countries there always seems to be a “winner” and “loser”. A country always “wins” because they come out on top or a head of the other country, but if you start with just comparing first world countries with third world countries, doesn’t the first world country always win?

  4. Alyssa Haglund says:

    I don’t think that globalization is necessarily a bad thing culturally because it allows people to become more open minding and accepting of diversity. Traveling in China, where there are 55 different ethnic minorities, I have learned so much about the various cultures and most importantly, that nothing is “weird,” it is just different. Now I know this is just me and we can all think of plenty of historical events that have oppressed a regions culture and lost come of it due to global influence, but I think we are missing another advantage and that is the acceptance of our cultural diversity

  5. Eunice Mutetiwa says:

    While globalisation has brought development in many spheres, issues such as terrorism acts are now rampant in the developing world because of technology, people can organise riotous acts through comm technology, the global financial crisis which hit the Western front seem to have had an ugly head on Developing nations esp. in Africa who depend on aid from such nations. however, while we cannot overwrite the pros, the cons of globalisation has caused untold suffering on the developing world

  6. vikash says:

    Globalization refers to in which activities of large number of business enterprises is carried out in many different locations across national boundaries. It is much more than just importing or exporting from one country to another. True globalization involves one firm procuring form, manufacturing in, and selling in many different countries. There has been an increasing trend in the world towards globalization is characterized by trends such as:

    * Increased trade across national boundaries.
    * One company having subsidiary companies and plants in many countries.
    * One company procuring material required from multiple countries.
    * One company selling its products in many different countries.
    * Growth of joint ventures and technical collaborations between companies from different countries.
    * Lowering of trade barriers and simplified import and export procedures.

    Globalization offers many advantages to the people and businesses. These include:

    * Greater employment opportunities for people.
    * Availability of greater variety of goods and services to the consumers.
    * More competitive price to the competitors.
    * Ability of companies to achieve lower costs.
    * Access to bigger markets to business firms.
    * Faster and wider spread of new technologies across the world.

    Globalization gas some disadvantages also:

    * Unrestricted globalization can hamper the development of less developed countries.
    * Smaller firms may lack the resources to compete internationally and therefore may be forced out of business.
    * Countries become increasingly dependent on other countries for meeting their needs for goods and services. This can become a major disadvantage in situations like war.
    * Adverse economic condition in one country can escalate to other countries and may even adopt global proportion.
    * Globalization may also lead to faster spread of infectious disease, for people animals and plants. Such infection may be carried through, people or goods.

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