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Essay / Research Paper Abstract
This 6 page paper looks at how Ghana has fared despite globalization. Specific statistics are provided. The problems of third world countries are noted. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: RT13_SA322Gha.rtf
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discussion. Today, that is not the case. Anthropologists no longer analyze culture as being independent and isolated, but rather as part of a global capitalist economy. Indeed, this is the
case, but while that is true, there has been much criticism that while the third world is suffering, the developed world does well. The problem in that the spread of
companies into the developing world has hindered social development and essentially "used" the people and the land is troublesome. However, the problem with a loss in cultural capital is something
that might actually provide an impetus to push the pendulum back in the other direction. One author suggests that national, cultural, and ethnic differences will increasingly determine success in the
global markets of the future (Schrage, 2000). And although cultural capital is important, economic considerations appear to be quite urgent. Some nations would be satisfied just to make more money.
Although some nations have done well, some countries like Ghana have been left behind. In fact, Africa has not benefitted as much as perhaps it should have due to the
success of global business in general. Africa has had an abysmal experience. Musyimi-Ogana (1999) explains that Africas debt burden is at $247 billion (1999, p.PG) U.S. dollars.
Several factors have been holding up progress such as the unwillingness for developed countries to forgive the debt and the unfaithfulness of the lending partners as demonstrated through conditions
which are attached to new loans and old debts (1999). The vested interests of the lending institutions in the pathetic economic conditions of the borrowing countries favor the
lending process and poor governance of most of the economies and widespread corruption (1999). Wealthy countries control 86 % (1999,p.PG) of the worlds GDP while middle income and
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