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Globalization between Rich and Poor Countries – How It Influences On Them

When we talk about changes caused by the globalization, we mean mutual changes. Not only developed countries influence developing, but also vice versa. These changes go through many different fields and spheres. Mainly there are three spheres where globalization influences a country, such as economic and trade processes field, culture effects and education and health systems.

From the one side, globalization helps developing countries increase their economic growth. From the other side it can lead to big problems with the national economy caused by a big competition. Globalization opens barriers, but not only in one direction. That means that if country takes an active part in the globalization processes, it have to be prepared for a tough competition. Anyway, globalization has many positive characteristics and those countries that act wisely get great benefit from the globalization processes. Nowadays the World Bank and International Management encourage developing countries for radical changes due to the globalization. The World Bank provides large loans to help developing countries through market reforms and other radical changes in their economical, financial and other systems. These days not only developed countries influence developing, processes work in the other direction too. Globalization made labor migrations very fast and effective and influenced the situation inside developed labor markets a lot. Nowadays employees in the US, the UK, France, Germany, Australia, Canada and many other countries have to consider a growing competition from the Chinese, Indian, Mexican and many other employees. With the growing use of online services and freelance websites there almost no borders anymore.

When we talk about cultural changes due to the globalization, we can see that they have touched developing countries first. Many developing countries’ cultures become a copy of cultures of some developed country (for example, the US, Japan, Australia and etcetera). Due to more opened labor markets, educational systems in the developing countries try to meet the demand. That is why educational systems have improved so much in the last decade. Many European colleges and universities have opened their doors to international students and universities in developing countries try to be in touch with the modern requirements.

When we talk about changes caused by the globalization, we mean mutual changes. Not only developed countries influence developing, but also vice versa. These changes go through many different fields and spheres. Mainly there are three spheres where globalization influences a country, such as economic and trade processes field, culture effects and education and health systems.

Assignment ID
100000669
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CREATED ON
18 July 2016
COMPLETED ON
19 July 2016
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$10
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18 July 2016
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19 July 2016
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