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Essay / Research Paper Abstract
An 8 page contention that not only has globalization had serious detrimental impacts in many third world regions. Indeed, only the higher skilled individuals in these countries are making any notable improvements in their standard of living. Bibliography lists 9 sources.
Page Count:
8 pages (~225 words per page)
File: AM2_PPglblChnIndSKor.rtf
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Unformatted sample text from the term paper:
impact on the developing countries around the world. The economic prosperity of China, South Korea, and India, which were considered to be third world countries 15-20 years ago, are viewed
as successfully thriving in the contemporary global market. This is evidenced by the International Monetary Fund (IMF), World Bank, and CIA World Factbook listing them in the top 15 of
the 2007 per capita gross domestic products listing. Although there is a vast discrepancy in wealth between the developed and less developed countries, tremendous effort is being directed towards balancing
the economic inequality. Given the current state of world economics, of course, even the progress that has been made could quickly unravel. Indeed, the perception that globalization has actually
had serious detrimental impacts is something that must be considered as well. This essay will explore how globalization has impacted the standard of living for specific members of the
third world community. It will be contended that while considerable progress has been made in some regions, not only has globalization had serious detrimental impacts in other regions but
also only the higher skilled individuals in these countries are making any notable improvements in their standard of living. Simply defined
as participation and trading in the global environment, globalization is actually a complex phenomenon that is sending reverberations around the world. As the world integrates into one body, we
are all inter-connected by the commerce of goods and services. While there are certain problems that must be acknowledged, globalization is to be credited with improving the standard of
living for millions the world over (Davis, Lyons, and Batson, 2007). Not only has housing improved for many of the worlds poor, so too has education, health care and
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