Globalization, Pros and Cons for Developing Countries

This Document addresses the advantages and disadvantages of the term â€Å"Globalization† for developing countries. Some social, economic and environmental issues are discussed in the paper. This Document addresses the advantages and disadvantages of the term â€Å"Globalization† for developing countries. Some social, economic and environmental issues are discussed in the paper. Hosein Rahmati Hosein Rahmati Globalization, Pros And Cons For Developing Countries January 2012 Globalization, Pros And Cons For Developing Countries January 2012 Globalization could be defined as the contemporary trend in all aspects of human life such as cultural, economic and business, political, educational and ... to reduce or remove barriers between†¦show more content†¦2- Disadvantages: Spread of Economic Crisis to the Other Countries: As the countries’ economies integrate together, they will be affected more by each other problem. As we know the 2008, financial crisis began from USA and spread out to other countries. The closer economic relations with USA, the more affected by USA crisis. Depletion of Resources: As the investors come to developing countries, they use the natural resources of destination country, with low prices. So the consumption of these resources will increase considerably, leading to depletion of resources and probably lack of resources in the future. Environmental Pollution: Investors prefer to establish their factories or businesses in the countries that less strict about the environmental regulations. In addition, developing countries do not have up to date environmental regulation, inherently. In addition, they have to be attractive for international investors. Therefor developing countries usually are the more environmental polluting countries in the world. Cultural Consequences: One of the aspects of globalization is more cultural interaction between nations of different countries. But in most of cases, the culture or county will be dominant to other cultures that have more advanced tools to promote their culture, such as Medias, products, well-known celebration or events. In addition, developing countries cultures have less self-confidence against the symbols of theShow MoreRelatedPros and Cons of Globalization873 Words   |  4 PagesThe Pros People have been on the move, traded, migrated and colonized in the earlier times; while in the process they transformed both places that they traveled to and the places that they came from. The pro-globalization people say that it is not just good for the rich but it’s good for the poor, because back in the 1990’s, when globalization took off, about 200 million people got out of poverty in places like India and China. 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