How Does Globalization Affect Economic Growth?
It allows businesses in less industrialized countries to become part of international production net-works and supply chains that are the main conduits of trade.For example, the experience of the East Asian economics demonstrates the positive effect of globalization on economic growth and shows that at least under some circumstances globalization decreases poverty. The spectacular growth in East Asia, which increased GDP per capita by eightfold and raised millions of people out of pov-erty, was based largely on globalization—export-led growth and closing the technology gap with industrialized countries.Generally, economies that globalize have higher growth rates than non-globalizers.
Globalization and education then come to affect one another through mutual goals of preparing young people for successful futures during which their nations will grow increasingly connected . here are some examples . we can see how harmful to be feudal . and the reason that caused they were feudal is because the Qing dynasty refused to join in globalization . the number of the dead in the first world war 16 million on July 28 , 1914- November 11 , 1918 the number of the dead in the world war two : 50 million September 1 , 1939 to September 2 , 1945 us military deaths in Vietnam more than 56000 people ( November 1
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There are some people that do calculations, if Japan have not brought this technology, just developed by their own, it will take 3 times the investment and 10 times the amount of time. The high speed and mass flow of infor-mation in the world is almost geographically limited and the world is indeed a global village. In-formation in the economic, technological and social development is more important than any other time, information networks and information technology develops faster than any of today 's
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