Role of transnational corporations in the international trade. In order to solve the problem, from the perspective of developing countries, there are certain solutions as described in the following: Moreover, inthis figure becomes 52 times higher.
In conclusion, people have realized that the competition in the economic globalization process is inevitable. They become the losers in the game headed my national corporations. Globalization inhibits governments from subjecting worldwide economic forces to regulation and control.
The challenge that lies ahead is not to try and reverse it, but to harness the positive potential whilst minimising the adverse effects. Globalization has allowed for the creation of a new world politics, in which countries are not isolated units anymore.
The gap between those the rich and the poor will not disappear. However, at the same time, the developed countries do not pay attention to the training and backup plans for the future talents in their own countries.
Most of these rules were established without considering the interests of the developing countries because they were absent when developed countries were setting the rules, or even certain industries have not been developed at that time, such as information technology, product agreement and Labor standards.
It is now up to mankind to decide wether or not the power will be cleverly used or not. Democracy is spreading rapidly which is leading to the development of a common culture.
There is no doubt that the existing international economic operation policies and regulations have being mainly set by the developed countries, such as the World Trade Organization WTO and the World Bank. Technology has enabled retailers to shrink distances, integrate and connect value chains, and provide a rapidly increasing amount of information for storage, transfer, and use.
However, developing countries need to consider their own situation to refine the policies, put in more effort in education and build more transnational companies.
At the same time, countries should make good use of labor and their own natural resources advantages. Third, developing countries should also promote transnational companies.
Mar 27, First of all, countries should take into consideration their own situations, comparing their advantages and protecting their national industries, adjusting the structure of products, making the export products to be more diverse in order to expand their foreign trade.
The most significant resource they lost is talent. Torun School of Banking.Jun 11, · Globalization essay topics for good writing on fresh-air-purifiers.com globalization and inequality-short essay The process by which the lives of all people around the planet become increasingly interconnected in economic, cultural, political, and environmental terms, along with our awareness of such interconnections is known as globalization (Appelbaum, ).
The process by which the lives of all people around the planet become increasingly interconnected in economic, cultural, political, and environmental terms, along with our awareness of such interconnections is known as globalization (Appelbaum, ).
This sample Globalization and Inequality Research Paper is published for educational and informational purposes only.
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A+. Pages:4 Words This is just a sample. To get a unique essay. Globalization has become one of the principal symbols of economic, cultural and political life in the 21st century.
In contrast opponents to globalization believe it increases inequality between nations. Such inequality is.Download