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Essay / Research Paper Abstract
A 3 page discussion of the impacts developed and developing countries sustain in economic globalization. The author compares North and South Korea. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: AM2_PPglblEc.rtf
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Unformatted sample text from the term paper:
Economic globalization can have both positive and negative impacts in developed and developing countries alike. Some countries have prospered as a result of globalization but others
have suffered. The determining factor in this equation seems to include not just the intensity of the Western pressure that is exerted but also the modern state machinery and
the techniques of planning and mass production that were employed to enable the specific country to catch up with the levels of material output, education, and social well being that
is sufficient to meet the expectations of the Western world. Asia stands as an excellent example in this regard. If we consider
the impacts of economic globalization on Asia we find that while some Asian countries have achieved temporary success, most shortly afterward plummeted into either stagnation or outright disaster. South
Korea, however, has been an exception to this phenomena. She has succeeded while others have failed. Hoogvelt (2001, 148) writes that it "restructures relations between state and capital",
that "the state becomes a vehicle for transmitting the global market discipline to the domestic economy". That transmission frequently comes with adverse impacts to culture and lifeways. Hoogvelt
(2001, 153) suggests that we visualize the emerging governance of these countries as a "complex process which institutionalizes structural power through the widespread adoption of cultural values and legitimating ideology".
Globalization entails the introduction of ideas and practices that are not always homogenous to the traditions and lifeways of other countries.
Hoodgvelt (2001, 153) clarifies that the strong belief in the "efficiency of free competitive markets" couples with the "belief that this efficiency will maximize the benefits for the greatest
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