SR Assignment – Globalization 18/5/04
Globalization - Tendency toward a worldwide investment environment, and the integration of national capital markets. - biz.yahoo.com/glossary/bfglosg.html
Globalization has played a big role in attempting to make the rest of the world available to everyone else. Without the process of globalization ‘poor’ countries like the democratic republic of Congo would not have received aid for the people as well as being able to afford various necessities such as clothing. However globalization has its negative repercussions as well, for example countries trying to sell there most abundant resource could be exploited by other countries which have greater amounts of money and resource. This is very evident in the world as we know it today. Companies such as Telstra are moving many of their operations into countries like India where the people are prepared to work for a wage much less than people doing the same job in Australia.
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Saddam Hussein was abusing the people’s taxes by spending it on his family and weapons for his army. Humanitarian aid organizations like the WBG (World Bank Group) help fight against this poverty, they do this by lending masses of money to developing countries so they can afford the necessary facilities and provide a better quality of life toward the general public. This is where globalization has its affects. Lending masses of money also means that there are massive repayments that the country has to pay back; this is a problem for both the WBG and the country as the WBG is looking for a return on their money whilst the developing country also needs that money in order to continue runny the country efficiently by creating jobs ect. Also, newly formed countries because of their lack of experience in managing a country will often fall into poverty. The reason why globalization has negative repercussions is because not all people want to help other people as it is not a perfect world. However, globalization could also be seen as the cause of this poverty as free trading is all very well but serves no purpose to countries that don’t have the money or resources to trade in order to afford fundamental buildings and facilities. The people would receive medical aid and doctors from various countries that are able to give up there time to look after people.
Poverty is not just caused by economic reasons it is also caused by political reasons. html - definition of globalization
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Religion also plays a role in the ethical decision making of third world countries. Religion also has an impact on the way people pay taxes, the people’s rights and the way in which they conduct their daily routine. jor problem in developing countries as the country simply doesn’t have the money to implement the proper facilities that a developing country would need.
Approximate Word count =
664
Approximate Pages =
3 (250 words per page double spaced)
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