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Globalization: Positive And Negative Impacts To Developing Countries

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1. Introduction
In recent decades many world markets increased their interaction with each other and contributed to the global economic growth. Free trade emerged and new technology made transportation and production of goods easier and faster. For example, according to an infographic, The iPhone 6 Supply Chain Saga, published on the website comparecamp.com, the iPhone 6 was designed and researched in USA, assembled in China, received the required materials from 785 suppliers in 31 countries and was sold to customers all around the world.
Altogether globalization increased the welfare for Austria, Germany, United States and many other developed countries. People in these countries can buy jeans and clothes for low prices, because they were produced in a country with lower income. They can afford the new version of the iPhone due to higher income level, whereas the majority people in developing countries have a difficult time to provide food for their family. The aim of this paper is to highlight the positive and negative impacts of globalization on developing countries.
Firstly, the term “Globalization” will be defined and then a concise insight on the history of this phenomenon will be given. Followed with the benefits and drawbacks of globalization on developing countries, with a specific focus on the fields: economic growth, heath system …show more content…

According to Hamdi (2013, p.142), globalization has positive impacts on many different sectors of developing countries for example the economy, health system, technology and politics. However, there are many drawbacks that can be observed due to globalization. Such as the increased income inequality and global warming, as the result of increased transportation and production ( Borghesi & Vercelli, 2003, p. 78-79). However we will see later on that there are also disadvantages in health and education

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