THE CONSEQUENCES OF GLOBALISATION IN EVOLVING COUNTRIES

The Effects of Globalisation in Developing Countries

The Effects of Globalisation in Developing Countries

Introduction

Globalisation can be understood as the triumph of capitalism. The present era is one in which public interest is being replaced by privatisation and Trans National Corporations, which maintain significant operations in more than one country, are replacing the national state. Many envision a future where persons of different nationalities and cultures will be able to share resources in a manner that will benefit all of humanity. Unfortunately some, mainly those in developing countries are not reaping the benefits of globalisation, but are in fact, suffering more so because of it. Although institutions such as the World Trade Organisation, the International Monetary Fund and the World Bank have been put in place to regulate and maintain fair trade, in reality, they are reproducing the inequalities already present between developed and developing countries.

What is the Project?

Before embarking on any important publications study, you should confer your supervisor to double-check that the study name / declaration and question(s) / objectives(s) are acceptable. Remember, you will be expending many of time and effort on the task, and thus require to choose a subject locality that is sustainable in periods of your own individual motivation, eagerness and interest.

What is a Critical Literature Review?

Though the globalisation process is considered to be extremely beneficial this is not the case mirrored in Latin America. Due to privatisation, the employment structure has been modified. This has led to the displacement of many workers from the public to the private sector, where the number of jobs were reduced by larger companies, hence lowering their production costs. Adding to this, many persons felt that these Trans National Corporations would provide a vast amount of employment, however, large corporations only contribute 17 out of 100 new jobs in the region. Also of grave concern is the informalisation of employment. In the informal economy, where 70% of the new jobs are located, there are no contracts between workers and their employers, this means that workers can be dismissed at anytime by their employers. This form of employment has led to job insecurity among the Latin American people.

Another area that is cause for tension is the Trade Related Aspects of Intellectual Property Rights Agreement which defines how products can be protected from piracy. This agreement has placed advanced technologies and medicines out of the reach of developing countries making it extremely costly for them to independently develop their own industries. In aiming to prevent imitation of products, the agreement is also stifling the development of cheaper alternatives. This is having negative repercussions in Africa where the AIDS epidemic is spiralling out of control. Efforts by the United Nations and the World Health Organisation have been slow, consequently causing the epidemic to reach “ an impetus hard to reverse. Though cheaper alternatives have been proposed, the twenty year period of patent protection delays production. Meanwhile, the pandemic is affecting the welfare in Sub-Sahara Africa by means of ...