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Globalization effects on developing countries
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Globalization is not a new word for most of us. It has been popular for several years. The biggest winner may be the developing countries. On the other hand, developed countries are also benefit from globalization that they attract a great many talented people work for them.
However, everything has two sides. Globalization brings about some negative influence to many countries. At this time, sustainable development of globalization comes to people’s minds. Human beings hope sustainable development would make globalization work well for all countries and all people, reduce the loss, and avoid the bad impact.
From this survey, we will know the definition of sustainable development and the reasons why we should support sustainable development.
What is sustainable development? In fact, sustainable development has several characteristics: balance natural system and manmade system; deal with the issue of immigration well; balance the richer and the poor; at last, oil and gas producers have future.
In the article, "Is Ethics the Missing Link? ," Yolanda Kakabadse argues that sustainable development is both natural systems and manmade systems are developed well, and human beings could benefit from them in lots of aspects for a long time. Kakabadse, a conservationist from Ecuador, also says that economic globalization on the one hand brings about advantages to most nations, but on the other hand, the benefits are imbalanced. At the same time, international trade and markets have destroyed the environment.
From Pew Global Attitudes Project, it gives us the characteristic of sustainable development in economic: deal with the issue of immigration well. In the article, “World Publics Welcome Global Trade – But Not Immigration,” it a...
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...Sources (2nd ed., pp. 186-189). Boston, MA: Heinle/Cengage Learning.
Kakabadse, Y. (2002). Is Ethics the Missing Link? In N. Dollahite & J. Haun (Eds.),
Sourcework: Academic Writing from Sources (2nd ed., pp. 186-189). Boston, MA:
Heinle/Cengage Learning.
Knickerbocker, B. (2004, January 22). If Poor Get Richer, Does World See Progress? In N.
Dollahite & J. Haun (Eds.), Sourcework: Academic Writing from Sources (2nd ed., pp. 186-189). Boston, MA: Heinle/Cengage Learning.
Williams, B. (2002). WPC: Sustainable development fealty key to oil's future. Oil & Gas
Journal, pp. 34.
World publics welcome global trade – but not immigration. (2007, October 4). Pew Global
Attitudes Project. In N. Dollahite & J. Haun (Eds.), Sourcework: Academic Writing from Sources (2nd ed., pp. 177-178). Boston, MA: Heinle/Cengage Learning.
“Globalization contributes to sustainable prosperity for all people”. This quote contains mostly truth but there are also many arguments towards how globalization really does contribute to sustainable prosperity for people all around the world. This can be supported by three main points. How the rise of Japan’s economy effected the lives of millions of people. How shipwrecking effects the lives of both the ship companies and the workers in Bangladesh, and how economic growth contributes to the sustainable prosperity of the population in a specific nation. Sustainable prosperity can be defined differently from different individuals because of people’s personal opinions and their perspective is also effected by the people who influence their lives the most, but the main definition of prosperity is to have good fortune, or growth in an economic way. Globalization creates a gateway for sustainable prosperity to all people and gives people all around the world the opportunity to gain prosperity.
Our global world is being more connected as we become integrated politically, socially and even economically. Due to the Bretton woods agreement, different countries have been economically dependent on each other in fear for war to erupt. From then on different organizations and policies tied more countries into being economic globalized. This economic globalization had then given us many opportunities in trades and more access to natural resources in other countries. Unfortunately, there are some negative effects that are brought to less developed country. Overall, many people believe that economic globalization does a great work on accumulating our economy and our quality of life.
9. Smith’s report defines sustainable development as, “Development that meets the needs of the present without compromising the ability of future generations to meet their own needs". Smith’s definition is important to consider, because it illustrates that that we do not have to destroy the natural environment to have economic progress.
Sustainable prosperity is a very controversial topic. There are a lot of differing opinions about what it is or how it affects us. What is sustainable prosperity? Let’s break it down. Prosperity, it is the idea that all humans needs are met, and they are able to follow a life of happiness. Sustainability, means being able to continue something over generation after generation. We live in a globalizing world today, but to what extent does globalization contribute to sustainable prosperity? Globalization promotes sustainable prosperity, but at the same time it is holding it back. But over all it limits the prosperity of all people in many ways. Globalization affects the way we live, and it has negative affects that cause people to live miserable lives.
(Bilton et al 1996:5) The process of globalization has certainly had many changing effects to the world we live in; it has also changed the way many factors operate. Globalization is said "to have transformed the structure and scale of human relationships that social, cultural, political, and economic processes now operate at a global scale with a consequent reduction in the significance of other geographical scales. "(The Dictionary of human geography 2004:315) Globalization has had both positive and negative effects on a local, national, international and global level. Globalization often brings benefits at one level which cause negative effects at another, these results and the scale at which they manifest are often uncertain and unpredictable.
The Merriam-Webster Dictionary defines development as the act or process of growing or causing something to grow larger or more advanced. We live in a world that is continuously developing, in ways that we cannot even begin to try to describe. Nonetheless, The World Bank measures indicators of development. To do this, they look at three-hundred and thirty-one different indicators which cover a vast number of areas, including agriculture, aid effectiveness, climate change, economic policy, education, energy and mining, environment, the financial sector, poverty, science and technology, social development, and urban development. The World Bank’s World Development Indicators data is has been used for over fifty years as the standard by which development is measured. While this list may seem like a comprehensive, all-inclusive list, it does not consider the idea of sustainable development. While development for the sake of advancement may seem like a good option for an undeveloped country, it can be argued that development that is not sustainable is not development at all, but merely the illusion of one.
Sustainable development refers to not only meet the needs of contemporary people, but also not compromising the ability of future generations to meet development needs.Sustainable development and environmental protection have established contact, not the same. Environmental protection is an important aspect of sustainable development. The core of sustainable development is development, but requires strict control of the population, improve population quality and protect the environment for the conduct of economic and social development under the premise of sustainable use of resources.
Finally, everything in the world has a positive side and a negative side and globalization is one of them. It is up to us the people of the world to maximize the positive aspect of globalization and minimize its negative aspect.
Globalization is huge part of the success of some the biggest firms today, from Apple, General Electric, to Google. It allows a business to develop international. It allows reduced costs by maximizing production known product lines, allowing to expand into different markets gives a more competitive edge and expanding to new technology helps to increase to a bigger company, having more political edge within trade agreements.
Sustainability development has three components: environment, society, and economy. If you consider the three to be overlapping circles of the same size, the area of overlap in the center is human well-being. As the environment, society, and economy become more aligned, the area of overlap increases, and so does human well-being. Therefore, education for sustainable development (ESD) is the use of education as a tool to achieve sustainability. Simply put, ESD is a way to make the world a safer, healthier, and more livable place for us and future generations (McKeown, 2002, pgs 7-9).
‘Development that meets the needs of the present with the ability for the future generation to meet their own needs.’ (World Commission on Environment and Development, 1987) Sustainable development requires three key components: economy, society and environment, sustainable development can be success through striking balance in those factors. These three components are indispensible, they compel to depend on each other. On the other words, we can only gain a decent and energetic environment and society if the economy is strong with a healthy a stable growth rate.
Globalization is a global process that is changing the world. I would also like to discuss what are the benefits and drawbacks of globalization in the world from different perspectives.
Globalization is the increasing interconnectedness of people, places, and cultures throughout the world today. The effects of this homogenizing process that we call globalization can be seen in all aspects of life. From McDonalds being in almost every country, to the majority of North American clothes being made in periphery countries, to the technological ability that allows us to instantly communicate with people anywhere in the world, the effects are everywhere. Economically today, globalization has had both positive and negative effects around the world, with many similarities to colonization. Globalization has also led to increased poverty amongst the global periphery, and a specific group of winners and losers within this process of globalization.
We all know the urbanization rate is an index to value the development of a country. However, though urbanization provides great convenience to some individuals, it also brings about negative effects. Problems such as pollution, overcrowded and the high unemployment appear during the process of urbanization and they are hard to cope with. In face of the sequence of problems, a new way of development ----sustainable development was put forward. Just like its literal meaning, the word sustainability has something to do with continuity. It was used since 1980s and first appeared in Britain law in 1993. Sustainable development can help solve parts of the problem caused by urbanization, including environmental damage, overuse of resources, and natural disasters.
Globalization has been a start of a new modernized era in history. The source states that as an individual you are given prosperity, stability, and also predictability, and also points out that it helps developing countries modernize and catch up with developed countries, and also reduce poverty since new businesses are formed allowing more employment in the country due to the subsidies that wealthier countries give to them. The person who wrote this source is a pro globalist, and has probably experienced the prosperity that was given to them because of the global trading system. His perspective on globalization suggests that globalization is the key to advancing technology, good relations between countries, and is beneficial event in history. One should embrace the global economy as it creates many roads to achieve your goals in your life, and also for the weaker countries that needs support, but to a degree that the government can intervene with the market.