Question

What is meant by globalization, and how is it affecting the developing countries?

Answer 1

• Globalization is a process by which businesses and other organizations develop international influence in operating on an international trade.
• It impies the opening of local and national perspectives to broaden out look.

Interconnected with free transfer of goods and services Globalization made in developing countries in three important fields

Such as Economic, Education and culture effects.

Globalization helps the developing countries deal with rest of the world

• Increase their Economic growth.,
• By solving their poverty problems in their country.
• Developing countries cannot share the Economic growth.
• World Bank and International management encourage the developing countries.
• To make Market reforms and radical changes through huge loans.
• Advantage of globalization are goods and people are transported easier and faster.
• As a result free trade between countries has increased.
• Many developing countries benefit from globalization and some nations lag behind.
• Companies and factories affect badly to the Economy of developed countries.
• And they increased Unemployment.

Education:-

Globalization contributed to develop health and Education systems in the developing countries

Health and Education are basic objectives to improve nations and their relationship between Economic growth and Education systems.

• The government of developing countries provide more money for health and Education to the poor.
• Which led to decrease the rates of illiteracy.
• Globalization is globalized competition, forced many skilled workers.
• Where qualified professionals such as Doctors, Engineers migrate to developed countries to benefit from the higher wages.
• Which leads to decrease skill labor in the developing countries.
• Due to important tools of Globalization like
• Television, Radio,Satellite etc

Today it is possible to know what is going on in other countries.

• People can know each other through globalization.
• Many developing countries are concerned with the rise of Globalization.
• Because it might lead to destroy their culture, tradition,customs etc.
• Great changes have taken place in young people.
• Trying to leave their families to live alone.
• After 18 years of age.
• Although globalization has many disadvantages,
• It has brought many countries more benefits.
• More oppurtunities for people in developed and developing countries.
• We can say that globalization is the golden age for business, commerce and trade.