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
Between 1960 and 1994 the share of developed countries in the global distribution of wealth declines. This can partly be explained by the growing impact of multinational corporations that funnel profits to the parent country and allocate the highest wages to highly trained managers from industrial nations...
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...
This diversity decreases due to hybridization or assimilation
international travel and tourism increases
worldwide sporting events like the Olympic Games and the FIFA World Cup are held
enhancement in worldwide fads and pop culture
local consumer products are exported to other countries
immigration between countries increases
cross-cultural contacts grow and cultural diffusion takes place
there is an increase in the desire to use foreign ideas and products, adopt new practices and technologies and be a part of world culture
free trade zones are formed having less or no tariffs
due to development of containerization for ocean shipping, the transportation costs are reduced
subsidies for local businesses decrease
capital controls reduce or vanquish
there is supranational recognition of intellectual property restrictions i...
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...
They blame globalization for this but that is the countries problem to enforce workers law to protect their citizens. Globalization has rapidly improved the social and economic status of women in the developing world...
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