In the process of economic globalization, with their advanced technology and capital advantage, the developed countries use transnational companies as the tool to implement unfair distribution of all kinds of resources around the world.
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.
Second, developing countries should spare no effort to research and develop advanced technology, with both absorption and innovation. The most significant resource they lost is talent.
Thus they can get more benefits from this huge market in the current world to reduce the inequalities. However, developing countries need to consider their own situation to refine the policies, put in more effort in education and build more transnational companies.
Generally, there are several reasons for the inequality, which are suffered by developing countries in the economic globalization. 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.
Moreover, inthis figure becomes 52 times higher. Nowadays, the gap between rich and poor continues to widen and becomes unprecedented huge.
Second, developed countries get more benefits than developing countries from the globalization. Thus, the developing countries not only lose education expense but also the talents who they spend decades to educate.
At the same time, countries should make good use of labor and their own natural resources advantages. Countries should also put more resources in education because talent is the most important resource in the future. On the other hand, for most of the backward countries in Africa, the investment is almost zero.
Most of the foreign direct investments flow to the developed countries, or some fast-developing countries in East Asia. Economic globalization cannot be avoided. It is because transnational company is an important form of competition in economic globalization.
Third, developing countries lose more from economic globalization. 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.
In conclusion, people have realized that the competition in the economic globalization process is inevitable. Torun School of Banking. One of the successful examples is Lenovo in China.
Third, developing countries should also promote transnational companies. First, by the rules of economic globalization, developing countries have to abide by some unfair treatments. In order to solve the problem, from the perspective of developing countries, there are certain solutions as described in the following: Mar 27, Globalization and Gender Inequality essay - Sociology.
Buy best quality custom written Globalization and Gender Inequality essay. A Review Of Inequality And Globalization Case Studies Economics Essay. Print Reference this. Disclaimer: Inequality and Globalization Impacts to (Afghanistan and El Salvador) If you are the original writer of this essay and no longer wish to have the essay published on the UK Essays website then please click on the link below to.
effects on poverty and inequality.
Globalization has flattened the playing field to the point where the traditional solution that has worked in the past will not apply. One may have to modify what one believes in order to cope with reality. If you are the original writer of this essay and no longer wish to have the essay published on the UK.
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, ).
essay about globalization for inequality> It is without doubt that globalization promotes the overall growth of the world economy, but the global distribution of economic interests is out of proportion. One has to accept that large opportunities have been created to the developing countries during the globalization process, and most of those countries take advantage of them.
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, ). /5(18).Download