Globalization's impact on developing countries: A comprehensive review

This report delves into the multifaceted impact of globalization on developing countries. It explores both the positive aspects, such as the integration of world economies, technological advancements, and potential environmental benefits, and the negative impacts, including the widening gap between different segments of society, the detrimental effects on economic systems, and the impact on workforce dynamics. The report highlights the dual nature of globalization, acknowledging its potential to facilitate economic growth while also posing significant challenges to social structures and economic stability. The report concludes by advocating for governmental intervention and the implementation of regulations to mitigate the negative consequences and ensure a more balanced and sustainable development path for developing nations. The report also includes a list of references used in the analysis.

GLOBALIZATION HELPED – OR HINDERED –
INTERNATIONAL DEVELOPMENT

INTRODUCTION
The topic of essay is the influences and effects of
globalization on development of economies all over the
world. With the growing impact of globalization, the world
is becoming more interconnected opening various
opportunities for all and thereby, providing developed
technology and innovative means of working.

IMPACT OF GLOBALIZATION
 Positive
 Negative

POSITIVE IMPACT OF GLOBALIZATION
 Brought in integration of world economies and
societies.
 Globalization has brought in Innovation in gadgets and
newer technology.
 It has seemingly reduced environmental degradation.
 Globalisation though has made life easier.
 Due to globalization, the world has become a single
market or a global village.

Widens gap between peoples of society

NEGATIVE ASPECTS OF GLOBALIZATION
 Migration is the cause of globalization which has
impacted society and its culture in a bad way.
 Globalization has affected developing, transitional and
developed countries and their economic system in a
pessimistic manner.
 Globalization has brought a feeling of disrespect
amongst the workforce.

CONCLUSION
Globalization has hindered and damaged economic
development of countries all over the globe which needs
to be rectified as soon as possible. The government
needs to check and take corrective actions by
implementing rules and regulations in order to maintain
balance.

REFERENCES
 The Impact of Globalization in the Developing
Countries. 2013. [Pdf]. Available through:
<https://pdfs.semanticscholar.org/97c3/996f95af3b6a053
7b8048ccdd5c24bd224df.pdf>
 Ibrahim, A.A., 2013. The impact of globalization on
Africa. International Journal of Humanities and Social
Science. 3(15). pp.85-93.
 Purnell, M., 2018. Globalisation and its impact on the
journal collections of research libraries in Australia: a
Health Library’s perspective. Journal of the Australian
Library and Information Association. 67(1). pp.55-63.

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