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Essay / Research Paper Abstract
This 5 page paper considers globalization and the way it has influenced global development. The paper begins by looking at the historical increases in GDP and whether this has benefits all economies or only some. Then paper then considers the influence of technology, before looking at the way in which power is distributed. This includes the examination of the economic power and place of the top 200 corporation. The last part of the paper gives two examples of the impact globalization has had on economies, with one country that has benefited from it ands one that has been harmed. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEglobin.rtf
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Unformatted sample text from the term paper:
we can make a strong case for increased globalisation being associated with increases in the GDP. Way back, between 1 million years BCE (before common era), and 1500 CE (common
era), the production in perception terms rose from about $90 to $14. Between 1500 and 1900 this increased from the $140 to $680, as the globalisation and technology has increased,
so has the level of production. However, in 1900 - 2000 there is an explosion, with GDP per capita rising from the $680 level to $6,500 (Hufbauer, 2000). To
place this in a different context, the global economy was $4.98 trillion in 1950 and by 2001 this had increased to $33 trillion in 2001 (Kemp, 2002). The argument that
surrounds globalisation is whether this is of benefit to all economies, or only a select number. It can be argued that this is of benefit to some economies, in
a World Bank report it was shown that 24 developing nations that embraced globalisation and instigated integration to the world economy benefits with a GDP growth rate that exceeded the
developed nations. These countries have a population of 3 billion people, saw an average increase of 5% per annum in the 1990s GDP growth rates, compared with increases of only
2% per annum for the richer nations (World Bank, 2002). This also represents a catching up wit the richer nations especially when their average GDP growth rate was only 1%
in the 1960s prior to the addition of globalisation policies (World Bank, 2002). These countries that benefited include China, India, Hungary and Mexico (World Bank, 2002). However, the same
report also shows that it is not all economies that are benefiting from globalisation. The countries that are not able to increase their level of integration with the global economy
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