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Essay / Research Paper Abstract
A 16 page paper. This essay first defines the terms global and globalization because the terms are often used differently from one author to another. The rest of the essay reports the effects and impact of globalization on developing countries. When statistical data were available, it is included, however, there is very little empirical data. The writer comments on poverty rates, low skilled workers, the relationship of FDI to financial integrated countries and other issues related to the topic. Some data included. Bibliography lists 12 sources.
Page Count:
16 pages (~225 words per page)
File: MM12_PGgldc2.rtf
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Unformatted sample text from the term paper:
jobs and improve their lives. Unfortunately, that has not happened in all cases. This essay first defines the terms global and globalization because the terms are often used differently
from one author to another. The rest of the essay reports the effects and impact of globalization on developing countries. When statistical data were available, it is included, however, there
is very little empirical data. Instead, there are a lot of opinions with minimal data to support them. Definitions Ferraroi defined the world global as "the expansive interconnectivity
of localities." Something that is global spans geographic borders, whether it is economic, cultural or social.ii The same author defines globalization as "the impact of global forces of all kinds
of local life."iii The dictionary provides a somewhat different definition for globalization. This reference tells us the business perspective is the "process by which a business or company becomes international."iv
It also offers a social perspective, which is "process by which social institutions become adopted on a global scale."v People tend to define globalization in different ways. In this paper,
the term relates the broad definition, something that crosses national borders. The emphasis of this paper, as is true for most discussions on globalization, are the economic or financial aspects
although social and cultural aspects of globalization will also be included. Globalizations Effect on Developing Nations Globalization is about international trade. One assumption has always been that free trade
would improve the economies of developing countries because they would have a greater opportunity to engage in world trade endeavors. Goldberg and Pavcnikvi comment that the distribution of resources changes
within countries when they enter the world market which leads to new measures of inequality. It was expected that globalization would help low-skilled workers the most because of the sheer
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