Globalization and Developing Countries

GLOBALISATION AND DEVELOPING COUNTRIES: SEIZING THE ADVANTAGES AND AVOIDING THE DANGERS INTRODUCTION consort to Dunning & adenylic biting; Narula (1997), globalisation is the convergence of income levels, consumption patterns and technical capabilities between change and some(prenominal) industrializing countries and the increase in interdependence between the countries. Shenkar and Luo (2008, pp2), define globalization as the acceleration and extension of interdependence of economic and product line concern activities across national boundaries. The effect of globalization on countries and regions has non been uniform, majority of the developing countries are not benefiting from the gains of globalization no matter how laudable such gains are (Dunning & amp; Narula, 1997). harmonise to Dunklin (2005), globalization has largely resulted in inequality between accepted and developing nations. Also in the view of Shenker and Luo (2008), globalization is associated with versatile kinds of reactions that are emotional resulting in globalization being pin down in discordant ways. ADVANTAGES OF GLOBALIZATION According to UNDP human study discover (1999, pg 25), globalization has both positive and negative aspects.

globalization gives the consumer the chance to choose among the wide variety of products and services and overly affects batchs prospects in their career if they are improve ( Shenker & Luo, 2008). In the view of Shenker & Luo (2008), globalization gives a rendering of the worlds product and marketing of goods and services. It makes more people to vex entr ée to products and services at bett! er price. It also makes lendable a better time, place and value oriented utilities (Shenker & Luo 2008). It opens warring venues to small business and act as an mover of hearty growth, it helps in job creation, through globalization, a working clear of people will emerge who will carry taxes to their various government indirectly generating revenue for these...If you want to wee-wee a full essay, order it on our website: OrderCustomPaper.com

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