Globalization In Economy

Does globalizing in economy sector able to help developing countries to grow? In the early of 20th century, globalization in economy sector become a trend in developing and economically settled countries. But the trends of economic globalizing have been a serious topic of debates among researchers and experts whether it is beneficial or not for the economic growth. Some researchers debate that economic globalization may cause economy inequality and unbeneficial situation that relates to the slow economy growth. While other researchers argue that economic globalization gives solutions of trading and poverty that developing countries encounter. In this paper, I will discuss how Economy Globalization is a good trend that brings benefit for the

The quick rising in populations’ income per capita will widen inequality gap between the rich community and the rest. This problem came from the effect of unfair globalization impact that hit developing countries. The economically settled community can gain more advantages from globalization while the rest can not. The difficulties of opportunity that the middle and lower class encounter in taking advantages from globalization escalate the gap of inequality to be much wider. The inequality of economy will effect to public policy and building inner tension between communities. This unhealthy situation will affect the exchange rate and the general economy situation of the country. The inequality that caused by globalization is also a threat to future markets as they more likely to have low educated labor and susceptible to the worker’s replacement (Buckley, 2001). But a lot of researchers found that inequality can’t be fully blamed to the Economy globalization. There are still a lot of another factor that can drive to inequality. In China, during the beginning of open-door policy, Chinese start to make construction projects abroad a labor exports. China started with 64 construction and labor export companies working on 2400 construction projects in 85 countries. (Xie, 1987). Despite creating inequality, China able to absorb more labor and still allows the poor community to join and take advantageous from the economy globalization. The rising income of the poor community will prevent the inequality from getting worse. From the fact that economy globalization able to open more job fields, the blame of economy inequality to the economic globalization is no longer