Globalization: Development Is The Role Of Development And Development

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Recommended: Aspects to the relationship between economic growth and development

Development is the process of economic growth and human growth of a nation as a whole with emphasis not just on economic growth which is the increase in labor or economic output and capital acquisition, but emphasis on the standard of living of the people, the gap between the poor and the rich, the prevalence of poverty, access to good education, access to good health care. But how this growth and development is achieved, accelerated or slowed down is large due to complex factors playing key role in different situation with globalization playing a crucial part of it. “Recent debates about globalization have led to a renaissance of interest in the reasons for disparities in wealth among the world's societies from a historical perspective.”(Globalization.org, 2015)

These sets of questions came to mind when reflecting on development and globalization:

1. When truly can we say a country is developed? Is been developed a static benchmark a country reach in which it can no long expand it economic growth and human standard?

2. How did …show more content…

The Culture factor. Unlike the developed country with independently formed cultures of their own, that fostered unary focus and goal for their nation toward development, African nations and other colonized region around the world are suffering from a cultural or religion crisis, much as a result of the ideologies and religion imposed by colonizing countries and the diversity of cultures in Africa. The struggle between ancestral culture/religion and borrowed culture/religion as brought about much disagreement in a nation obscuring the greater benefit of united minded will produce towards development.

3. Property Right. The idea of boosting development by acquiring loans with land and properties as collateral is a dangerous short-term approach to development, which may worsen the economic situation, if not properly handled might lead to people losing their homes, which is one of the main necessity for a good standard of

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