Discuss the positive and negative impacts of globalization in the second half of the 20th century11/7/2022 Many developing nations began to take steps to open their markets by removing tariffs and free up their economies. However, with globalization the World Bank and International Management encourage developing countries to go through market reforms and radical changes through large loans. They cannot share the same economic growth that developed countries had. In the past, developing countries were not able to tap on the world economy due to trade barriers. Globalization helps developing countries to deal with rest of the world increase their economic growth, solving the poverty problems in their country. This paper evaluates the positive and negative impact of globalization on developing nations in the following proportions Because, globalization has also brought up new challenges such as, environmental deteriorations, instability in commercial and financial markets, increase inequity across and within nations. However, it is not true that all effects of this phenomenon are positive. Such as, technology transfer hold out promise, greater opportunities to access developed countries markets, growth and improved productivity and living standards. Globalization has created a new opportunities for developing countries. It has a lot of benefit on our daily life. It can be seen that, globalization has certain advantages such as economic processes, technological developments, political influences, health systems, social and natural environment factors. Globalization is playing an increasingly important role in the developing countries. ''The history of globalization goes back to the second half of the twentieth century, the development of transport and communication technology led to situation where national borders appeared to be too limiting for economic activity'' (Economic Globalization in Developing Countries, 2002). It has made the world become a small village the borders have been broken down between countries. Globalization is a process of global economic, political and cultural integration. Finally, paragraph four, will deal with conclusion and offer an opinion. In the paragraph three, the positives and negatives of globalization on culture will be illustrated. Then, in paragraph two, the impact of globalization on education and health systems in both sides will be shown. In paragraph one, the benefits and detriment of globalization in the economic and trade processes field will be discussed. This paper will discuss the benefits and drawbacks from the point of view that globalization made in the developing countries in the three important fields such as economic and trade processes, education and health systems and culture effects.
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