To the proponents of globalization, bringing capitalism and democracy to poor, developing countries is viewed as a gateway to increase quality of life economically and to create social equality. The critics of globalization claim that it ironically exacerbates the disparities that it hopes to eliminate or decrease... displayed 300 characters
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The critics of globalization claim that it ironically exacerbates the disparities that it hopes to eliminate or decrease. The imposition of austerity programs, the reduction of public services, the privatization of state-owned enterprises and resources, the erosion of democratic accountability, and a missionary belief in the absolute supremacy of "unregulated" markets, all are accompanying the ongoing spread of corporate globalization across the nations of the world... displayed next 300 characters
Globalization, a term that was not so familiar few years from now, is one of the most talked about topics these days. The world, not so big, is shrinking even more with the discovery of globalization...
After the war, international markets shrank, the gold standard was abandoned in favor of managed national currencies, banking supremacy passed from Europe to the United States, and trade barriers multiplied...
Because, as the low-growth entrepreneurs, they are more like the peaceful lifestyle and stable income not the risky growth strategies. As the high-growth entrepreneurs, the founders have a high level of household income, well education, and more likely to be young or middle-aged men...
This results in transferring the quality of their product to other countries, thereby increasing the chances of depreciation in terms of quality.
There are experts who believe that globalization is the cause for the invasion of communicable diseases and social degeneration in countries...
The most serious problem of all of the governments in the world is unemployment, which leads to poverty, social crime, illiteracy, can be easily clenched as most of the labour in developing countries are very cheap so the multinational companies always employ the worker in host countries...
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