How Does Globalization Affect Developing Countries

Globalization helps developing countries to cope with rest of the world enlarge their economic development, find a solution for poverty problems in their country. Due to trade barriers, developing countries were not able to tap on the world economy in the past. They could not share the same economic development that developed countries were sharing. Nevertheless, with globalization the International Management and the World Bank motivate developing countries to go throughout market reforms and progressive alters through substantial loans. A lot of developing countries started to open their markets by free up their economies and eliminating tariffs. The developed countries had the power of investment in the developing countries, generating job

This process makes the competition for the domestic manufactures, industries and encourage high rate of efficiency. The China’s government supplied some more ways in which to develop its domestic and foreign investment.

Conclusion:

In point of fact, globalization provides the world opportunities for developing countries to keeping up with the altering world out of their origin homeland. As well as that globalization helps developing countries to cope with rest of the world enlarge their economic development, find a solution for poverty problems in their country. However, it has made the connection between developing countries and developed countries stronger, it made each country rely on another country.

This essay has shown that some of the most significant benefits of globalization are goods and people, that are transported easier and quicker across boarders and for result free trade between countries has increased, nonetheless, it has made a lot of economy and trade advantages for developing countries, therefore it reduced the probability of war between