NAFTA and Globalization

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Recommended: Impact Of Globalization On Developing Countries

Globalization over the past twenty has become an issue in many countries. This industrialization of second and third world countries by Western Civilization creates many opportunities for the inhabitants. Not only does it expand trading markets, but also promotes productivity and efficiency; thus improving the country and integrating it into the industrial world. This process not only benefits third world counties, but also industrialized nations by allowing them to export goods to the developing world and increase their profit margin. East Asia and Latin America seem to benefit most from this. The East Asian economy has developed the fastest with an annual growth of nearly 8 percent (Stand 43 4). This has been achieved through maintaining economic stability and production output. However, western influence in some ways has harmed the culture within these countries, many of them now talk of returning to their roots through Asianization or Islaminization. Many of these people feel that western influence has stripped away values and hindered their cultural growth. With the rise of...

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