Is Globalisation a tentative solace to the suffering in a developing country?
Globalisation is characterised by the removal of all barriers for a free trade across the globe; there, not only trading of goods , but also the movement of human resource, flow of investment on business, transfer of technology and migration of culture across the globe without any impediment would be possible. It is true that the opening up to international trade has helped the developing countries to grow faster than they would otherwise have done. International trade helps economic development; more exports and less import is the formula for a successful economy of any country; more exports lead a country to a better economic condition. Export led growth is the linchpin in generating employment in the developing countries besides increasing the GDP; many of the developing countries after globalisation breathed a sigh of relief; millions, even unskilled, got employed; a job, at least, enough to meet their both ends is better than starving to malnutrition and death. Look at china: Chin
Related Questions
- I am based in a developing/restructuring country but I have never been a principal applicant or coapplicant on a Wellcome Trust award. What am I eligible to apply for?
- Is Globalisation a tentative solace to the suffering in a developing country?
- What if my institution/organisation is from a developing country?
