What affect will globalisation have on third world countries.?
405995
Globalization affects the periphery countries very negatively. With things like structural adjustment programs forcing third world gov. to give up their soverignty there is very little a country can do to try and find there own sustainable way to grow their country. Since these countries are often exploited through investment and the labor practices of transnationals it shouldnt suprise anyone that discontent and instability is often a third world problem.
980822
Actually, as I understand, there is no more first, second, and third worlds. \nThere is the 'developed' world and the 'developing world'.
645178
Globalization of world societies & economies.
818122
Globalisation needs a world without borders
141044
globalization\nOperating around the world. Although many large companies have globalized for decades, the Web, more than any other phenomenon, has enabled the smallest company to have a global presence.
443718
1/  Opens up new markets to global trade.\n2/  "Free" circulation of money in a global economy...opens up capital markets...\n3/  Redistribution of wealth (either positively or negatively) as richer countries invest in developing countries....\n4/  Redistribution of people as the workforce is mobilized, seeking better economic opportunities
662417
Definition: - "The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets."\n\nIt refers to the worldwide phenomenon of technological, economic, political and cultural exchanges, brought about by modern communication, transportation and legal infrastructure as well as the political choice to consciously open cross-border links in international trade and finance. It is a term used to describe how human beings are becoming more intertwined with each other around the world economically, politically, and culturally. Although these links are not new, they are more pervasive than ever before.\n\nThe economic aspects stressed in globalization are trade, investment and migration. The globalization of trade entails that human beings have greater access to a plethora of goods and services never seen before in human history. From German cars, to Colombian coffee, from Chinese clothing, to Egyptian cotton, from American music to Indian software, human beings may be able to purchase a wide range of goods and services. The globalization of investment takes place through Foreign Direct Investment, where multinational companies directly invest assets in a foreign country, or by indirect investment where individuals and institutions purchase and sell financial assets of other countries. Free migration allows individuals to find employment in jurisdictions where there are labor shortages.\n\nThe political aspects of globalization are evidenced when governments create international rules and institutions to deal with issues such as trade, human rights, and the environment. Among the new institutions and rules that have come to fruition as a result of globalization are the World Trade Organization, the Euro currency, the North American Free Trade Agreement, to name a few.\n\nCultural global ties also grow through globalization as news ideas and fashions through trade, travel and media move around the globe at lightning speed. Global brands such as Coca-Cola, Puma & Sony serve as common reference to consumers all over the World. An individual in China enjoys the same soft drink as an individual in Puerto Rico--at opposite ends of the globe. However, these ties may also cause strains: for example Western Ideas of freedom of expression may clash with Islamic views on Religious tolerance
814047
Thanks to Mrs.Thatcher and now Tony, our manufacturing industry has been transferred to China and India, as a result our service sectors dominating our market place. Who knows what will happen if Honda, Nissan and Toyota decide to move their factories from  the UK  to a cheaper and more cost effective alternative in the eastern europe. I can only guess that recession will follow and this may even affect the service sector.In my view,at the present time the service sector is the dominant labour market in the UK.
652362
Every other how Globalizatin is affecting India and U.S\n                   \n                        INDIA\n1) Stock Market: - Because of Globalization, FII's And FDI's are investing in our country in a huuge way, this leading to a boom in the stock market and strenghthening our economy.\n2) Higher Standard Of Living: - With multination companies coming in India after Globalization our living standard has risen due to better products being provided by them at nominal rates.\n3) More Employment: though our unemployment rate is still high, but as multinational companies are able to set up there offices over here, they are able give good job oportunities and are creating more jobs.\n\n                          U.S\n1) Offshoring of business: - Due to globalization, many of the U.S Busineses are being offshored to various other countries where there are cheap labour, as labour in U.S is very expensive.\n2) Reduction In Job Opportunity: - It can be logically followed from the first point that due to offshoring of business, the job opportunity in U.S have reduced considerably.\n3) Brain Drain: - Though businesses are being offshore to other countries, still there are a few jobs for which one has to go to U.S to achieve his/her dreams. Jobs related to astronomy is a example. People who need better infrastructure for their jobs are shifting to U.S.\n\nThere you have your answer.
96598
One can certainly write a book about this topic, but here are a few consequences stemming from the increasing numbers of overseas Filipino workers, of OFWs.\n\nSociological: many observers have noticed changes in the traditional family structure; as a substantial portion of OFWs are women, they often work abroad to send money home to put their children through school; thus, children often live in single parent households where the primary breadwinner is absent and gender roles are reversed, i.e. the mother is the breadwinner, while the father takes on the role of homemaker.\n\nEconomic: overseas remittances are important in keeping the Philippines' balance of payments in surplus; as such, this preserves the level of reserve assets held by the Philippines, thus contributing to debt sustainability (the country is one of the largest issuers of sovereign debt in the developing world) and propping up the exchange rate (thanks in part to the large inflow of overseas remittances from OFWs, the Philippine peso was one of the strongest performers vis-a-vis the U.S. dollar in 2005).\n\nPolitical: given their increased importance in the economy, OFWs have rightly gained increased influence as a political constituency--up until 2004, overseas Filipinos were denied the right to vote; because of their large numbers -- some estimates go as high as 8 million -- their vote could potentially swing an election; however, as evidenced by the low turnout by eligible overseas Filipino voters in 2004, huge logistics problems need to be tackled to fulfill that potential.
63091
THAT ONE WOULD TAKE QUITE A BIT OF RESEARCH. ISOLATED TRENDS IN THIRD-WORLD COUNTRIES DO NOT ACCURATELY REFLECT GLOBAL TRENDS, NOR DO POWER-HUNGRY SUPER-POWER COUNTRIES' TRENDS NECCESSARILY REFLECT ON SMALLER NATIONS, LET ALONE ACCURATELY PORTRAY THEIR OWN PEOPLE.
140061
check out these guys:\nhttp://www.theyesmen.org/\n\nthey, of course, are very biased about WTO effects.
71023
Globalization\nFrom Wikipedia, the free encyclopedia.\nJump to: navigation, search\n\nGlobalization is the changes in societies and the world economy that result from dramatically increased international trade and cultural exchange. It describes the increase of trade and investing due to the falling of barriers and the interdependence of countries. In specifically economic contexts, the term refers almost exclusively to the effects of trade, particularly trade liberalization or "free trade" (however, see "meanings" below). More broadly, the term refers to the overall integration, and resulting increase in interdependance, among global actors (be they political, economic, or otherwise).\nA picture taken in Dubai International Airport, in the United Arab Emirates showing some of the characteristics of globalization. Here, the corporation McDonalds is marketing their "McArabia" meal, consisting of grilled kofta.\nEnlarge\nA picture taken in Dubai International Airport, in the United Arab Emirates showing some of the characteristics of globalization. Here, the corporation McDonalds is marketing their "McArabia" meal, consisting of grilled kofta.\n\nFrom 1910 to 1950, a series of political and economic upheavals dramatically reduced the volume and importance of international trade. But these trends reversed starting with WWI and continuing through WWII, when the Bretton Woods institutions were created (i.e. the IMF and the World Bank). After World War II, international trade dramatically expanded, fostered by international economic institutions and rebuilding programs. From the 1970s, the effects of this trade became increasingly visible in terms of benefits and disruptive effects.\n\nIt is useful to distinguish economic, political, and cultural aspects of globalization, although all three aspects are closely intertwined. The other key aspect of globalization is changes in technology, particularly in transport and communications, which it is claimed are creating a global village.
36052
Globalization\nThe tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe and thereby increase the interconnectiveness of different markets.\n\nInvestopedia Says: In general, globalization is seen as making the world one community. The advantages and and disadvantages of globalization has been debated and scrutinized heavily in recent years. Proponents say that it helps Second and Third World nations catch up much faster through increased employment and technological advances. Opponents of globalization say that it reduces national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.\n\n\n"Globalization" can mean:\n\nThe formation of a global village — closer contact between different parts of the world, with increasing possibilities of personal exchange, mutual understanding and friendship between "world citizens", and creation of a global civilization. The World Bank defines globalization as the “Freedom and ability of individuals and firms to initiate voluntary economic transactions with residents of other countries”. \nEconomic globalization — there are four aspects to economic globalization, referring to four different flows across boundaries, namely flows of goods/services, i.e. 'free trade' (or at least freer trade), flows of people (migration), of capital and of technology. A consequence of economic globalization is increasing relations among members of an industry in different parts of the world (globalization of an industry), with a corresponding erosion of National Sovereignty in the economic sphere. The IMF defines globalization as “the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, freer international capital flows, and more rapid and widespread diffusion of technology” (IMF, World Economic Outlook, May, 1997). \nThe negative effects of for-profit multinational corporations — the use of substantial and sophisticated legal and financial means to circumvent the bounds of local laws and standards, in order to leverage the labor and services of unequally-developed regions against each other. \nThe spread of capitalism from developed to developing nations. \n"The concept of Globalisation refers both to the compression of the world and the intensification of consciousness of the world as a whole" - Roland Robertson \nIt shares a number of characteristics with internationalization and is used interchangeably, although some prefer to use globalization to emphasize the erosion of the nation-state or national boundaries.\n\nGlobalism, if the concept is reduced to its economic aspects, can be said to contrast with economic nationalism and protectionism. It is related to laissez-faire capitalism and neoliberalism.
91710
Check out the sites on Global economy. This is much too indepth for short Y answers.
408199
globalisation i feel does not benefit any DEVELOPING  nation including india. here the developing nations are forced to open their economies to the developed.if india continues to abide these policies then the prices of all our necessities might go up
720744
How about the effects of globalization on the developing world?\n\nThe effect of global warming on the Arctic