With the development and economy of the world improving, the world is changing at a rapid pace. Globalization is a very important issue for us. The world seems to be interconnected. The concept of "globalization" is very advanced and complex having to do with many different subjects. To some extent, globalization has been positive to the world, not only can it make more efficient markets, but also it creates more opportunities for firms in developing countries.
As globalization is able to transfer goods, services, products, or even employees from some countries to other ones, it becomes a much more effective way to widen or narrow disparity all over the world. It cannot be ignored that globalization is a great issue that widens economic inequality in the U.S. “In the discussions about jobs, a lot of attention has focused on trade and terms such as globalization, outsourcing, and offshoring. The concern, of course, is that a free-trade environment is letting good jobs drain from the U.S. economy and wind up in China, India, and other countries where workers command much lower salaries.” (Parry 2014, p. 1). In the view of aforementioned fact, globalization opens many borders to companies and businesses of the U.S. to take much benefit so that the companies and businesses put so much investment and build a lot of workplaces outside of the region. For this reason, disparity in terms of economy increases dramatically just as people who live in underdeveloped countries have many opportunities, just like finding easily workplaces, to live a superior life unlikely people who live in the U.S. lose their workplaces.
At this current rate of population growth is now a significant burden to human well-being. The trend of the population growth in the world is related to the development of the country where, there is a very sharp decline in fertility in the developed countries, and how long it has lasted, has been completely unforeseen. Conversely, developing countries have accounted for 97 percent of this population growth. (Prborg, 2015) The relationship between population growth and per capita income can be both a positive and negative. It is a positive impact as the expanding population in a country leads to economic development which encourages competition in business activities, stimulating market growth.
This phenomenon has various advantages and disadvantages depending on our concerns. This paper presents the effects globalization on developing nations, with the focus on the issues: economic state, health system and education. Globalization has benefited the economy of many developing countries, their economy is growing and flourishing. But these processes are progressing slowly so that they cannot keep up with developed countries and the income inequality is rising. Organizations such as WHO, NGO and Doctors Without Borders, which emerged in the process of globalization, opened new possibilities to increase the overall life expectancy and living standards in developing countries by trying to eliminate diseases and provide education.
The positive outlook toward this is that it creates a better relationship among different countries but because of the different countries being able to do business it causes high levels of competition between local and foreign businesses. Foreign competitors are able to sell goods and services at cheaper costs which leave local competitors at a disadvantage. Some local producers are focused on being more efficient in order to compete with foreign industries while other local producers have opted to default production resulting in a decline in production levels hence a fall in the country’s GDP. The lower production level of the country, leads to a reduction in exports and an increase in imports which are costly to the country because it our depreciating the country currency. Inflation is then used to compensate for costly imported goods and services.
First, Globalization is the integration among organizations, governments, and people of different countries through investment and international trade or what we call free markets. It resulted of the increasing rate of interdependency between countries. Globalization has different impacts on a nation; it has an economic, cultural, political, environmental, and even human-well being. Our main focus in this paper will be on economic and cultural impacts of Globalization on Egypt. Globalization has positive and negative impacts on any culture, especially in developing countries like Egypt.
It can be seen that majority of people in Cambodia depends solely on private companies and NGOs for their occupations; therefore, the increase of companies and organizations especially with the help of foreign investment can ease up the decline of employment issues for the developing country. Foreign direct investment (FDI) is one of the most effective aids in promoting development in the developing world. Investors invest their money in certain company to make profits while the recipients receive jobs. It is a win-win situation in which both the investors and recipients can be benefit. Secondly, foreign aids promote the well-being of the people.
Globalization is the result of historical development associated with more extensive division of labor and the development of world trade. Therefore, globalization can be called regardless of the will of individuals and even nations process. This process is so vast and sometimes contradictory, that it can not be assessed unambiguously. Globalization as a social process has its advantages and disadvantages, which result in benefits among social groups and the failures - other. Over time, globalization is increasingly complicated, delves into the various sectors of society, brings new rules of behavior and significantly transform the social interaction between individuals or groups.
(i)Economy The ever growing dependence between global economies resulting from international trade of goods, services, finances and technological development paved the way for a global economy. Economic globalisation refers to the continual growth and reciprocated integration of world markets and is an unalterable trend which has been developing at an unprecedented rate since the turn of the twentieth century. Rapid technological development, particularly in areas of information and communication, are the two main forces that have fuelled economic globalisation (Gao). Further the expansion of science and technology has substantially reduced the cost of transportation and communication, making economic globalisation a smoother process (Gao). Centralised economies shifted focus to market economies and market oriented reform through world bodies like GATT, WTO, IMF and World Bank galvanised this process.
Tourism Impacts Tourism is an activity that can cause may impacts in one destination, according United Nations Environment Program (UNEP, 2015) the tourism impacts are divided in three types: economics, environmental and sociocultural impacts. 1) Economic Impacts: The economic impacts that tourism generates can be positive or negative. The positive impacts are that it creates jobs, appears new economic activities and companies, increasing demand of local products, higher infrastructures development, increase state benefits and it contributes to the development of the local economies. The negative impacts are that the jobs are seasonal jobs with a low salary, inflation increases caused for the tourists that has a higher acquisitive level than the local people, rising price of land and housing, the economy depends overmuch on tourism and the tourism benefits falls into the foreigner companies. Tourism development can cost the local government and local taxpayers a huge amount of money.