Internation study-proposal Essay Example | Topics and Well Written Essays - 250 words

Internation study-proposal - Essay Example Globalization leads to increased government lending by developed nations and hence the country is able to start and complete economic projects. Access to funds improves various government aspects such as education, healthcare and social services. Globalization reduces poverty since people are employed and have access to better education. Expansion of some companies to developed nations brings resources necessary to develop new industries and in the end local industries grow more. On the other hand, globalization also has negative effects to developing nations. According to Brown and Lauder, globalization limits the expansion of industries in developing nations (Brown and Hugh 14). Globalization leads to unfair competition that brings down local companies in developing nations. Fallen companies in turn leads to an imbalance between exports and imports and hence such countries develop at a slower rate. Globalization leads to export of knowledge such that the developing nations have no skilled labor for their industries (Kose 208). The salaries in developing nations are low as compared to developed nations. Since globalization allows for movement of labor, most people tend to leave the undeveloped countries and go to developed nations to seek for employment. This hampers industrial and economic growth of many developing