Globalisation Essay Questions

Globalisation Essay Questions-73
Looking critically at the concept, globalization in its broadest sense can be said to be a prismatic, complex, and multidisciplinary topic.It can be examined from several angles which includes not only economic, the most common viewpoint, but also social, cultural, ideological and political ones.

Looking critically at the concept, globalization in its broadest sense can be said to be a prismatic, complex, and multidisciplinary topic.It can be examined from several angles which includes not only economic, the most common viewpoint, but also social, cultural, ideological and political ones.

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Globalisation Essay Questions

Globalization has several definitions, but an undisputable fact which everyone agrees to is the fact that it is a complex process that has wide and varying impacts on economies, both developed and developing.

The only catch to this is that the bulk of these capital flows so far is strictly limited to a small number of developing countries, especially the big ones such as Nigeria, Ghana, South Africa, India, Brazil, China, etc.

‘The report on financing for development prepared for the UN Secretary-General notes that, during the period 1993 to 1998, 20 countries accounted for over 70 per cent of all FDI inflows to all developing countries’ (Bertucci & Alberti 2001).

And this has been taken full advantage of by several nations (Bertucci & Alberti 2001).

This opening allows the transnational movement of labour, foreign capital, new technology and management to developing countries from the more industrialized nations.

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