Globalization Benefit Developed Countries Case Study

Globalization has benefited developed countries more than the developing countries. To what extent do you agree with this statement?

By

Jasarat Shakeeb

There is no doubt that globalization has benefited developed countries more than developing countries. Globalization generally means to stay connected. Globalization is misused or overused. The difference between rich and poor continued from the beginning of time. Nearly thousand years ago, people used barter system to fill the gap between demand and supply. Due to lack of technology and lack of communication system most people were exchanged products within the boundary of a country but today is a totally different era. Global currency, global language and advance technology provide a platform to stay connected all over the world. The question arises: has globalization benefited developed countries more than

In this modern technology it is very difficult for a country to achieve progress, economic growth and stay connected all over the world without the help of globalization. There are some pros and cons of globalization but the need is to talk on a table and international court of justice and international policy maker set rule to avoid any exploitation between developed and developing countries. All the countries should obey these rules and regulation in order to achieve maximum advantages of globalization. If some country involved in illegal activities and cause threat for other countries economy, health and social life should be banned (For example Iran is setting nuclear plant and creating threat for other countries globally). It goes without saying that globalization is essential part for the development of a country. Developed countries as well as developing countries can enhance their progress, communication system, economic growth, health and social security at micro level to macro level with the help of