Globalization is only for Developed Countries Essay Example for Free

Globalization is only for Developed Countries EssayIn the 1990s, the term globalization gained the popularity. At that time, globalization had become phenomena with an aura of an elemental force, almost similar to that of time and gravity. In simple run-in Globalization representation that the same products will be available in all the countries of the world. It also means economic integration and a world united by the web. This glorious ideal made us think that if globalization would stay on with all its perks with falling trade barriers, leaving countries batter pip economically and that it will reduce the widening gap between the rich and the poor. It was believed that the removal of the barriers to trade and outside(prenominal) investment would result in a dynamic change in the way a companionship anywhere in the world would do business. It was hoped that the integration would prove beneficial to all. In the 1990s the campaign curtain disappe bed and trade barriers star ted falling, the gifts of several arounds of WTO, the Western and Japanese entrepreneurs started looking far beyond there borders for super beneficial deals, cheap labor new markets and a very big lot of new customers.Nobel Laureate, Stiglitz (2002) justifiedly interpreted the situations of growing countries in his illustrative work Globalization and Its Discontents. He says Small growing countries are like small boats. Rapid capital market liberalization, in the manner pushed by the IMF, amounted to setting them finish up on a voyage on a rough sea, in advance the holes in their hulls have been repaired, before the captain has received training, before life vests have been put on board.Even in the opera hat of circumstances, there was a high likelihood that they would be overturned when they were hit broadside by a big wave (p. 17). With the end of World War II globalization started taking shape in a big way. In 1975, there were still only 7000 MNCs compared to more than 6 0000 today. A maddening hunt down for going global began from opening up a two-man sales office to chalking out a countrywide network. Companies had to be big and they had to be universal.By the 1990s no one was alien to the charms of the phenomenon called globalization. The intellects of the world-entrepreneurs, economists, celebrities and politicians traveled about the world to tell us how small the world was getting. We were told to think globally and act locally. However, soon the world dawned. The developed nations have discarded the moth-eaten policy and adopted an open-shutter strategy in coping with the developing nations.In the past they donned an apologetic camouflage and devised subtle and under-the-counter means to bring the developing countries round to their point of view, they at least ack instanterledged their sensitivities and treated them as members, no matter how low-grade, of the homo sapiens species. But now they have thrown all pretence to the winds and, wit hout mincing words, dictated their terms to the developing world. Even Kipling had the decency to spell out the Western concern for the uncivilized people of the third world by treating them as the white mans burden.He was deeply committed to their improvement and had credibly hatched some fantastic schemes to pull them out of their savage state. But the present day reformers pull back no bones about it. They shamelessly believe that the condition of the third world countries is simply irrecoverable and no amount of logic and persuasion can help them out of their ugly predicament. Therefore they now rely on dictation as a prescription for their conversation and have imposed their speck of progress and prosperity spineless people of the third world. And they are least bothered about their preferences and priorities.