Task2 - Ethics >> Globalization & Effects on Developing Countries

"Globalization & Effects on Developing Countries"

The best way for poor countries to develop is through the process of globalization.

To what extent do you agree?

The world is becoming an increasingly globalized place. Some people contend that the consequence of this is a widening wealth gap between rich and poor countries. However, I believe that poor nations can benefit from the developments associated with globalization.

With the advancement of globalization, political benefits are evident in less developed countries. Poor countries will have more chances to join political unions and strengthen relationships with other nations. Creating alliances helps them to protect their national sovereignty from affluent countries. Moreover, underdeveloped countries are supported by international organizations such as the UN to cope with serious problems which these countries cannot deal with unilaterally, particularly territorial disputes.

Another merit of globalization is access to high quality education overseas. More specifically, students can learn new techniques and update with the use of new technology. As a consequence, many associated fields can be improved, for instance the increased productivity in both industrial and medical sectors. Therefore, globalization can create opportunities for poor countries to continue competing.

Further to this, globalization boosts economies by allowing for access to markets. Economic unions create many opportunities for their members to enter new markets owing to trade barrier removal. Furthermore, the low cost of the input factors for production such as the labor force and raw materials enhances the competitiveness of impoverished countries within the economic block. As a result, the GDPs of country members increase which then improves living standards.

Although globalization opens many doors to people, especially to study and work abroad, less developed nations are facing a serious problem - the brain drain. Qualified human resources are the foundation of any economy, therefore poorer countries will have no chance to develop and compete with others if they cannot protect their human capital from powerful countries' pull factors like higher standard of living and higher salaries.

In conclusion, globalization benefits poor countries in many aspects, typically political, educational, and economic. However,the brain-drain is usually a drawback that countries have to deal with. It is their goal to make a huge effort to keep up with wealthier countries and protect their most qualified and skilled individuals.

Comment from ITP

Great argumentative essay. Your opinions are well supported with real life examples.